Orange County NC Website
Browse       Search
26 <br /> 1 Brian Litchfield said the system in Richmond has been open since 2016-2018, and are <br /> 2 currently operating about 4,000 rides within the GRT pulse system. He said there are already <br /> 3 4,500 in the Martin Luther King/South Columbia corridor. He said the anticipated ridership in <br /> 4 this corridor, with the first year of construction, is about 8,500; and about 12,000 after 5 years. <br /> 5 He said that number assumes no development or growth at Carolina North. <br /> 6 <br /> 7 Travis Myren made the following PowerPoint presentation: <br /> 8 <br /> 9 Orange County Transit Plan Financial Model Analysis <br /> 10 June 18, 2019 <br /> 11 Southern Human Services Center <br /> 12 <br /> 13 Decision Points <br /> 14 To Consider an Amendment (Attachment 1) to the Orange County Transit Plan to <br /> 15 Increase Funding for the Chapel Hill North-South Bus Rapid Transit Project from $6.1 <br /> 16 million to $14.1 million. <br /> 17 <br /> 18 Amendment Highlights <br /> 19 Current Transit Plan Includes $6.1 million <br /> 20 Amendment Provides Additional $8 million Over Four Years <br /> 21 Total Transit Plan Obligation ($14.1 million) Represents Fifty Percent (50%) of the Non- <br /> 22 Federal Share <br /> 23 — Total Project Cost: $140 million <br /> 24 Town to Seek Offsetting Project Funding to Relieve Transit Plan Obligation <br /> 25 <br /> Financial Model <br /> • Dedicated Transit Revenues—FY2019-20 <br /> Article 43sales T9 57,789.285' <br /> Veha le Rental T '$662,937 <br /> W Vehicle Regislrabon Fee $370,223 <br /> $7 Vehicle Registration Fee Wa.801 <br /> Tote)Dedicated Transl!Revenue >D9,ti99,2U 1 <br /> Carry mmrd Pom PnorYear 52,716,5" <br /> Total R"owc W FT2049-M $12A72,85G <br /> C7nANGF:[]I.tiTY <br /> 26 <br /> 27 <br /> Financial Model <br /> • Administrative Expenses <br /> Al loalboo ID GOTnengle tdr D�O A%k— $937,152 j <br /> Al localton to MPO Tar AdmIn and Transll Plan $656,364 <br /> Total Adminlstrative E7�ensn 47A92,520 <br /> p ORAf�Esc?N ' <br /> 20 s .,„�,w.�a���.. <br /> 29 <br />