Agenda - 12-02-2024; 6-a - Orange County Global Agreement for Capital

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Attachment 4 85 GLOBAL CAPITAL FUNDING AGREEMENT FOR CAPITAL INFRASTRUCTURE ORANGE COUNTY TRANSIT FY 2025 This Global Capital Funding Agreement ("Agreement") is made by and between Research Triangle Regional Public Transportation Authority, d/b/a GoTriangle ("GoTriangle") as the administrator of the Triangle Tax District, and Orange County ("Implementing Party") and Orange County ("County"). The foregoing may collectively be referred to as "Parties." WHEREAS, the Parties to Agreement, who have or may have specific roles in the implementation of public transit and the support of public transit infrastructure in the Orange County area, have determined that it is in their best interest and the best interest of the constituents they represent to coordinate future public transit planning, funding, expansion and construction; and WHEREAS, an extensive community driven process was used to develop a strategic transit vision document that set forth an enhanced public transit plan for Orange County, referred to as the "Orange County Transit Plan" ("Orange Transit Plan"), and this Plan was unveiled on or about, and adopted by the GoTriangle Board of Trustees on, the Durham Chapel Hill Carrboro Metropolitan Planning Organization's ("DCHC MPO") Policy Board on, and the Orange County Board of Commissioners in 2022; and WHEREAS, in conjunction with the Orange Transit Plan, GoTriangle, Orange County, and DCHC MPO (collectively, "the Governance ILA Parties") adopted the Orange Transit Governance Interlocal Agreement ("Governance ILA") that creates a governance structure for the implementation of the Orange Transit Plan by and through the annual Orange County Transit Annual Work Program; and WHEREAS, based on Section 5.02 of the Governance ILA, DCHC MPO has the authority to enter into this Agreement and enforce the provisions thereof and is a necessary Party to this Agreement; and WHEREAS, the Governance ILA specifically created the Staff Working Group ("SWG") and charged the SWG with coordinating and recommending the planning and implementation aspects of the Orange County Transit Annual Work Program; and WHEREAS, the Governance ILA Parties, together with the Implementing Party, the City of Orange, entered into a Comprehensive Participation Agreement ("Participation Agreement"), which, among other purposes, established standards that govern the Participation Agreement Parties' eligibility for inclusion of sponsored Implementation Elements in the Orange County Transit Annual Work Program, receipt of funding allocations from Orange County Transit Tax Revenue, and confirmed the Comprehensive Participation Agreement Parties' roles in carrying out SWG responsibilities; and