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21 <br /> 1 • Preparing a financially sound plan that considers the costs and benefits of debt <br /> 2 financing using a 20 year financial model, <br /> 3 • Preparing all necessary maps and exhibits, and <br /> 4 • Writing a succinct, user-friendly, easy to understand and meaningful - Final Report and <br /> 5 Documentation with an executive summary. <br /> 6 <br /> 7 The Final Orange County Transit Plan would be approved by Orange County, GoTriangle, and <br /> 8 the DCHC MPO. <br /> 9 <br /> 10 Travis Myren said the purpose of this item is to go from a policy perspective on the next <br /> 11 duration of the Orange County transit plan, which was necessitated by the discontinuation of <br /> 12 the light rail project. He said since this was originally proposed, the County has done numerous <br /> 13 things: it has increased the contribution level to the Chapel Hill north-south Bus Rapid Transit <br /> 14 (BRT); done a light rail study; negotiated GoTriangle Administrative costs; and is transitioning <br /> 15 small capital project responsibilities to County staff from GoTriangle. <br /> 16 Travis Myren made the following PowerPoint presentation: <br /> lgenoa—*^ __;r— <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Planning Framework <br /> Orange County Transit Plan <br /> November 7,201c <br /> WiAted Meelmcl Facat) <br /> 17 <br /> Decision Paints <br /> 1 AppNCe a Frmimw r&t UPft CI*Droops G-W <br /> i p Hen <br /> 2.Autllor¢e Slap to R ti xtM lmpemeMeaoo nel g9e mwa <br /> er Wenl hr PletmingAsuinnce <br /> 3 Appanl Tltu(SIC Yesbriet5 b" es Co-C�eksWlM Policy <br /> 3leennp Comnytice <br /> Status Update <br /> • 4N�[NoaBcea MavvvnN>�LIpM Reawaa D'rconlinucd'+ <br /> -µpm.w xnny cr.w.y ppwl�Mwnar.w tlki irm <br /> ruwp^n YLe�wen�O+R.tav�t <br /> -/awo.ve vxa�Kawn ncr...x.wr and <br /> -weccwe xe.awc.ew ce.s wn osrNry. <br /> -Cmvm i�rm d cR..+w�'s/•q�efe+�.fe�w Taw <br /> vN, <br /> -O.ww nx.m G.rv.Ceuip n.n.rt T wwx M <br /> fir ewro*�w�� <br /> 19 S=Ty <br /> Financial Model <br /> • pa�tcpTranBit RCVE�ua <br /> - VNKM Rpw�Een Fa <br /> -ff vfrKy WyWay�N <br /> Oqw�+�f*91 <br /> 20 <br />