Orange County NC Website
Browse       Search
22 <br /> 1 <br /> 2 FINANCIAL IMPACT: The adopted Orange County Transit Plan currently allocates $6.1 M to <br /> 3 the North South BRT project. The proposed amendment (Attachment 1) would dedicate an <br /> 4 additional $81VI to the project in fiscal years FY2020 through FY2023. <br /> 5 <br /> 6 Sufficient dedicated transit revenues are available to fund this addition. The lowest Transit Plan <br /> 7 fund balance during this scheduled draw down of dedicated transit revenues would occur in <br /> 8 FY2022 when the balance is estimated to be $929,500 under current assumptions. <br /> 9 <br /> 10 If outside funding is secured by the Town of Chapel Hill for this project, the financial obligations <br /> 11 of the Transit Plan will be relieved, up to $8 million. <br /> 12 <br /> 13 Brian Litchfield, Chapel Hill Transit Director, made the following PowerPoint <br /> 14 presentation: <br /> 15 <br /> 16 Chapel Hill Transit North-South BRT <br /> 17 Orange County Board of County Commissioners <br /> 18 June 18, 2019 <br /> 19 <br /> 20 BRT Context and Vision <br /> 21 Prepares the Town and funding partners to meet mobility demand as the region <br /> 22 continues to grow: <br /> 23 Current system close to maximum capacity <br /> 24 Proposed system provides a long-term, scalable solution for residents and visitors <br /> 25 — Possible extensions North and South. Future corridors may include Fordham <br /> 26 (Eastowne) to Carrboro (White Cross). <br /> 27 Connects to regional transit options <br /> 28 — Including GoTriangle and PART. <br /> 29 Supports current and planned development in the corridor with a multi-modal system <br /> 30 that serves cyclists, pedestrians and other users <br /> 31 <br /> 32 Bike and Ped Investments <br /> 33 Current infrastructure varies <br /> 34 84% of route will have dedicated bike and ped path <br /> 35 <br /> Technical and Policy Committees <br /> s � 1f011S1t ""�� <br /> - - cod <br /> UNC r � <br /> • row ' ORANGE COUNTY <br /> 36 <br /> 37 <br />