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1 <br /> APPROVED 5/16/2017 MINUTES <br /> BOARD OF COMMISSIONERS <br /> WORK SESSION <br /> April 27, 2017 <br /> 7:00 p.m. <br /> The Orange County Board of Commissioners met for a work session on April 27, 2017 at the <br /> Whitted Building in Hillsborough, N.C. <br /> COUNTY COMMISSIONERS PRESENT: Chair Dorosin and Commissioners Mia Burroughs, <br /> Mark Dorosin, Barry Jacobs, Earl McKee, Mark Marcoplos, Renee Price and Penny Rich <br /> COUNTY COMMISSIONERS ABSENT: <br /> COUNTY ATTORNEYS PRESENT: John Roberts <br /> COUNTY STAFF PRESENT: County Manager Bonnie Hammersley, Deputy County Manager <br /> Travis Myren and Clerk to the Board Donna Baker (All other staff members will be identified <br /> appropriately below) <br /> Chair Dorosin called the meeting to order at 7:02 p.m. <br /> 1. Consideration of the Final Draft Durham — Orange Light Rail Cost Sharing <br /> Agreement and Final Draft Orange County Transit Plan <br /> BACKGROUND: On April 20, 2017 the Board of Commissioners participated in a work session <br /> to discuss the Draft Durham-Orange Light Rail Cost Sharing Agreement and the Draft Orange <br /> County Transit Plan. Based on feedback received during that meeting, final draft documents <br /> were prepared for the Board's consideration. <br /> Cost Share Agreement <br /> The Final Draft Cost Share Agreement (Attachment A) specifies the amount of funding each <br /> County will contribute to the project. Paragraph #7 specifies Orange County's share of the <br /> project that is eligible for federal reimbursement at $149.5 million. This is consistent with <br /> financial Scenario EE-10 which distributes eighty-one and one half percent capital cost of the <br /> light rail project to Durham County, sixteen and one half percent (16.5%) to Orange County, <br /> and two percent (2%) to outside funding. This outside revenue is used to offset Orange <br /> County's contribution to the project. <br /> For operating costs, it distributes eighty percent (80%) to Durham County and twenty percent <br /> (20%) of the operating cost to Orange County through 2036 and eighty-one percent (81%) to <br /> Durham County and nineteen percent (19%) of the operating cost to Orange County through <br /> theend of the debt repayment. <br /> The Cost Share Agreement has been modified to codify the cost shares described above. The <br /> final agreement also reorders paragraphs eight through twelve for readability. Finally, the final <br /> draft removes the provisions that would allow an individual County Board of Commissioners to <br /> withdraw from the agreement. As an alternative, the Agreement adds a new paragraph fifteen <br /> (15) which describes a mediation and arbitration process to settle disputes that cannot be <br /> resolved voluntarily. <br /> Financial Analysis <br />