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HomeMy WebLinkAbout2016-472 Co Attorney - Wake County, et al for scope and content of the financial plan (not final)STATE OF NORTH CAROLINA COUNTY OF WAKE AGREEMENT SETTING FORTH THE MUTUAL UNDERSTANDING OF THE PARTIES AS TO THE SCOPE AND CONTENT OF THE FINANCIAL PLAN BETWEEN RESEARCH TRIANGLE REGIONAL PUBLIC TRANSPORTATION AUTHORITY; DURHAM COUNTY; ORANGE COUNTY; WAKE COUNTY; CAPITAL AREA METROPOLITAN PLANNING ORGANIZATION; DURHAM, CHAPEL -HILL, CARRBORO METROPOLITAN PLANNING ORGANIZATION; AND BURLINGTON - GRAHAM METROPOLITAN PLANNING ORGANIZATION This Agreement (the "Agreement"), entered into upon the last execution date set forth below, by and between RESEARCH TRIANGLE REGIONAL PUBLIC TRANSPORTATION AUTHORITY, d/b/a GoTriangle, a public body politic and corporate of the State of North Carolina (hereinafter "GoTriangle"), DURHAM COUNTY, NORTH CAROLINA, a public body politic and corporate of the State of North Carolina (hereinafter "Durham County"), ORANGE COUNTY, NORTH CAROLINA, a public body politic and corporate of the State of North Carolina (hereinafter "Orange County"), WAKE COUNTY, NORTH CAROLINA, a public body politic and corporate of the State of North Carolina (hereinafter "Wake County"), CAPITAL AREA METROPOLITAN PLANNING ORGANIZATION, a metropolitan planning organization with jurisdiction in Wake County (hereinafter "CAMPO"), DURHAM, CHAPEL-HILL, CARRBORO METROPOLITAN PLANNING ORGANIZATION, a metropolitan planning organization with jurisdiction in Durham and Orange County (hereinafter "DCHC-MPO") and BURLINGTON-GRAHAM METROPOLITAN PLANNING ORGANIZATION, a metropolitan planning organization with partial jurisdiction in Orange County (hereinafter "BG-MPO"); individually referred to as "Party" and collectively referred to herein as "the Parties"; WITNESSETH: WHEREAS, GoTriangle is a regional public transportation authority created in accordance with the provisions of N.C.G.S. 160A-603 et seq, by concurrent resolution of Orange, Durham, and Wake counties and duly incorporated as a body corporate and politic and vested with the general powers set forth in N.C.G.S. Chapter 160A Article 26; and WHEREAS, Durham County is a body politic and corporate vested with the corporate powers set forth in N.C.G.S. 153A -11; and WHEREAS, Orange County is a body politic and corporate vested with the corporate powers set forth in N.C.G.S. 153A -11; and WHEREAS, Wake County is a body politic and corporate vested with the corporate powers set forth in N.C.G.S. 153A -11; and WHEREAS, CAMPO is the metropolitan planning organization for the N.C. Capital Area Metropolitan Planning Area established pursuant to 23 U.S.C. 134 et seq. and recognized under the law of North Carolina pursuant to N.C.G.S. 130-200.1 with jurisdiction in Wake County; and WHEREAS, DC11C-MPO is the metropolitan planning organization for the Durham-Chapel Hill- Carrboro Metropolitan Planning Area established pursuant to 23 U.S.C. 134 et seq. and recognized under the law of North Carolina pursuant to N.C.G.S. 136-2003 with jurisdiction in Durham County and partial jurisdiction in Orange County; and WHEREAS, BG-MPO is the metropolitan planning organization for the Burlington- Graham Metropolitan Planning Area established pursuant to 23 U.S.C. 134 el seq, and recognized under the law of North Carolina pursuant to N.C.G.S. 136-200.1 with partial jurisdiction in Orange County; and 2 WHEREAS, Durham County, Orange County, and Wake County are organizing members of GoTriangle; and WHEREAS, GoTriangle, in accordance with its general powers set forth in N.C.G.S. Chapter 160A Article 26 and N.C.G.S. Chapter 105 Article 43 created a special tax district on behalf of Durham County and Orange County for the purpose of authorizing a referendum for the levy of a '/2 percent sales and use tax for public transportation systems; the district initially comprised the entire jurisdiction of Durham County, but was expanded on or about June 27, 2012 to include Orange County, hereinafter referred to as the "Western Triangle Tax District;" and WHEREAS, GoTriangle, as administrator of the Western Triangle Tax District pursuant to N.C.G.S. 105 -509.1 collects annual sales and use tax revenue derived from the successful Durham County and Orange County referendums to carry out the transit plans for Durham County (The Durham County Bus and Rail Investment Plan) and Orange County (The Bus and Rail Investment Plan in Orange County), hereinafter collectively referred to as the" Durham and Orange Bus and Rail Investment Plans "); and WHEREAS, GoTriangle in 2014 also created a separate special tax district on behalf of Durham and Orange counties named the "Durham- Orange Special Tax District" for the levy of a three dollar ($3.00) increase in the Annual Motor Vehicle License Tax pursuant to N.C.G.S. 105- 561; and WHEREAS, GoTriangle, in addition to the '/z percent sales and use tax collected in the Western Triangle Tax District and the $3.00 increase in motor vehicle license tax collected in the Durham - Orange Special Tax District, also collects in Wake, Durham and Orange counties vehicle rental taxes from retailers pursuant to N.C.G.S. 105 -550 et seq. and a five dollar ($5.00) motor vehicle license tax pursuant to N.C.G.S. 105 -560 et seq.; and WHEREAS, Wake County as of the date of this Agreement, has not held an advisory referendum in accordance with N.C.G.S. 105 -509 on the question of whether to levy a local one half percent (' /z %) sales and use tax in Wake County, but has expressed a desire for doing so in order to implement Wake County Transit Plan unveiled on or about December 8, 2015; and WHEREAS, Wake County has not yet authorized the levy of an additional three dollar ($3.00) increase in motor vehicle license tax collected pursuant to N.C.G.S. 105 -561 or a new seven dollar ($7.00) Wake County vehicle registration fee pursuant to N,C.G.S. 105 -570, et seq., but may contemplate doing so in the future to further fund the Wake County Transit Plan; and WHEREAS, acting on a Resolution of the Wake County Board of Commissioners dated May 2, 2016, and subject to the conditions and stipulations set forth therein, which includes execution of this Agreement by the Parties named herein, GoTriangle pursuant to N.C.G.S. 105- 508, expanded the Western Triangle Tax District on May 25, 2016 to include Wake County and filed a Resolution required for the same with the North Carolina Secretary of State, wherein the Western Triangle Tax District was renamed the "TRIANGLE TAX DISTRICT "; and WHEREAS, the Triangle Tax District remains a multi- county tax district, which now comprises the entire geographical boundaries of Durham, Orange, and Wake counties; and WHEREAS, Durham and Orange counties, in their capacity as members of the multi -county Triangle Tax District, and DCHC -MPO, BG -MPO and CAMPO, the Metropolitan Planning Organizations whose jurisdiction encompasses the Triangle Tax District,_ are statutorily charged pursuant to N.C.G.S. 105 -508.1 to approve a financial plan that provides for the equitable use of the net proceeds within or to the benefit of the special tax district prior to the levy of any tax within the district; and WHEREAS, Durham and Orange counties, DCHC -MPO and BG -MPO, by and through their approval of the Durham and Orange Bus and Rail Investment Plans, adopted financial plans ( "Durham and Orange Bus and Rail Financial Plans ") in 2011 and 2012 for the Western Triangle Tax District and levied a tax for the same in accordance with N.C.G.S. 105 -509 et seq. for public transportation systems in Durham County and Orange County; WHEREAS, it is the intent of the Parties for the Durham and Orange Bus and Rail Investment Plans already approved and in implementation to continue carrying out the transit vision planned for these counties; WHEREAS, as a precondition to the levy of any tax in Wake County pursuant to N.C.G.S. 105 -508.1 et seq., Durham and Orange counties, DCHC -MPO, BG -MPO, and CAMPO must approve the financial plan for the implementation of the Wake County Transit Plan within the multi -county Triangle Tax District; and WHEREAS, Wake County has likewise conditioned its membership in the multi -county Triangle Tax District on the Parties to this Agreement approving its - financial plan ( "Wake County Financial Plan ") pursuant to N.C.G.S. 105 - 508.1; and WHEREAS, the Parties agree that the mutual assurances provided herein are given as consideration for Wake County's agreement to join the multi- county Triangle Tax District for the purpose of holding an advisory referendum on the levy of a '/z percent sales tax for public transit; and WHEREAS, prior to calling for an advisory referendum before the voters of Wake County for the purpose of authorizing the levy of a '/2 percent sales tax for public transit, the Parties desire to define and approve, pursuant to this Agreement, "the Wake County Financial Plan" that will govern the use of all revenue, including any Wake County Tax Revenue or Wake Transit Revenue, and further designate the parameters, respective roles, and limitations of the Parties with respect to the addition, governance and implementation of the Wake County Transit Plan; and 4 WHEREAS, the Parties are authorized to enter into this Agreement in order to pursue the above stated goals. NOW THEREFORE, for and in consideration of the promises and covenants contained in this Agreement and the mutual benefits derived therefrom, the sufficiency of which is hereby acknowledged, the Parties agree as follows: ARTICLE I PURPOSE 1.01 Purpose. The purpose of this Agreement is to establish Eby written agreement the approval of the Wake County Financial Plan required pursuant to N.C.G.S. 105 - 508.1, define the expectations and duties of the Parties now that Wake County has I joined the multi - county Triangle Tax District and to further document the financial terms and conditions for the implementation of transit investment, including the Wake County Transit Plan, the equitable use of net proceeds collected by GoTriangle within any special district to which all Parties of the Agreement are a member, including the Triangle Tax District. This Agreement shall be evidence of the intent between the Parties with respect to the financial terms and conditions governing the use of transit revenues, including Wake County Tax Revenues and Wake Transit Plan Revenues and the equitable use of proceeds within and for the benefit of any special district to which all the Parties of the Agreement are a member. The execution of this Agreement shall be conclusive evidence that the Parties have reviewed and approved the Financial Plan as contemplated by N.C.G.S. 105 - 508.1. ARTICLE II DEFINITIONS 2.01 "DURHAM AND ORANGE BUS AND RAIL INVESTMENT PLANS" shall mean the transit plans formally known as The Durham County Bus and Rail Investment Plan and The Bus and Rail Investment Plan in Orange County, being those same plans adopted by Durham County, Orange County, GoTriangle, BG -MPO, and DCHC -MPO, and currently administered by GoTriangle for Durham County and Orange County. 2.02 "DURHAM AND ORANGE BUS AND RAIL FINANCIAL PLANS" shall mean the Financial Plans as defined herein and contained in the Durham and Orange Bus and Rail Investment Plans attached hereto as Exhibit A, developed and approved in accordance with N.C.G.S. 105 -508.1 on behalf of Durham and Orange counties in conjunction with the creation of the Western Triangle Tax District, and being the same "financial plans" referenced in the Resolution of the Triangle Transit (now known as GoTriangle) Board of Trustees Authorizing the Levy of a One -Half Percent (1/2 %) County Sales and Use Tax for Public Transportation filed on or about December 14, 2012 with the North Carolina Secretary of State. 2.03 "EQUITABLE USE OF NET PROCEEDS WITHIN OR TO BENEFIT THE SPECIAL DISTRICT" as that term is used in N.C.G.S. 105- 508.1, so long as Wake-County is a member of the multi - county Triangle Tax District shall mean: A 100% dedication of all Wake County Tax Revenue and Wake Transit Plan Revenues as defined in Sections 2.12 and 2.14 for the exclusive use and benefit of the Wake County Transit Plan to the exclusion of any other transit plan within the Special District. A 100% dedication of all Non -Wake County Tax Revenue derived from transit funding sources in counties other than Wake for the exclusive use and benefit of those county transit plans within the Special District, to the exclusion of the Wake County Transit Plan. This definition contemplates that a complete segregation of all Wake County Tax Revenue and Wake Transit Plan Revenues for the purpose stated herein is required to carry out the Financial Plan of the Tax District pursuant to N.C.G.S. 105 -508.1 and that this definition considers the (i) identified needs of local public transportation systems in the district, (ii) human service transportation systems within the district, (iii) expansion of public transportation systems to underserved areas of the district. The Equitable Use of Net Proceeds shall not contemplate or include pledging, committing, agreeing to apply, or otherwise using any portion of Wake County Tax Revenue or Wake Transit Plan Revenues for any purpose now, or in the future, other than in accordance with the Wake County Transit Work Plan. Likewise, this definition contemplates that Non -Wake County Tax Revenue shall not be pledged, committed, applied, or otherwise used by Wake County unless approved by the other counties within the district. "Net proceeds" as used herein shall mean gross proceeds less the cost of collection being al located to GoTriangle as administrator of the Special District on behalf of any member county. 2.04 "FINANCIAL PLAN" as that term is used in N.C.G.S. 105 - 508.1(2) shall mean: (1) As related to the Wake County Transit Plan: (a) If now or in the future the Special District consists only of Wake County, the Financial Plan requiring approval shall mean the Plan Implementation and Finance section set forth in pages 32 -36 of the Wake County Transit Plan as supported by the details of the Transit Plan, and modeled in the Financial Model, being that same Plan approved by the Wake County Board of Commissioners pursuant to a Resolution on June 6, 2016. (b) If now or in the future the Special District consists of 1,Vake County and one or more other counties, the Financial Plan requiring approval shall mean the Implementation and Finance section set forth in pages 32 -36 of the Wake County Transit Plan as supported by the details of the Transit Plan and modeled in the Financial Model, being that same Plan approved by the Wake County Board of Commissioners pursuant to a Resolution on June 6, 2016. The Financial Plan shall only include funds that would be budgeted and reported in the Wake Transit major operating and capital funds; provided that financial plans for other counties in the District, if any, have previously been R approved by those counties. The Parties agree the Financial Plan for the Special District will segregate the Wake County Transit Plan, Wake Tax Revenues, and Wake Transit Plan Revenues from any and all plans in support of projects not included in the Wake County Transit Plan. (2) As related to the Durham and Orange Bus and Rail Investment Plans: (a) Durham County: With respect to Durham County, the approved Financial Plan shall mean the Durham County Revenues and the Durham Financial Plan Data sections set forth on pages 12-15 of The Durham County Bus and Rail Investment Plan and any other financial terms or appendices included therein, being that same Plan approved by Durham County, GoTriangle, and DCHC- MPO on or about on June 27, 2011, June 22, 2011 and June 22 2011 respectively. (b) Orange County: With respect to Orange County, the approved Financial Plan shall mean the Orange County Revenues and the Orange Financial Plan Data sections set forth on pages 22-29 of The Bus and Rail Investment Plan in Orange County and any other financial terms or appendices included therein, being that same Plan approved by Orange County, GoTriangle, BG-MPO and DCHC-MPO, on or about October 2, 2012, June 27, 2012, August 21, 2012, and October 22, 2012. 2.05 "NON-WAKE COUNTY TAX REVENUES" shall mean all revenues collected on behalf of member counties other than Wake County within the Tax District or Special District that are derived from transit funding sources associated with counties other than Wake County. 2.06 "SPECIAL DISTRICT" or"TAX DISTRICT" shall mean any tax district administered by GoTriangle pursuant to authorizing resolutions and N.C.G.S. 105-508 et seq. or N.C.G.S. 105-561 et seq, to which Wake County is a member, now or in the future. 2.07 "TRANSIT PLANS" shall mean the joint reference to the Wake County Transit Plan and the Durham and Orange Bus and Rail Investment Plans as used herein. 2.08 "TRANSIT PLANNING ADVISORY COMMITTEE"or"TPAC" shall mean an advisory committee as that term is defined in N.C.G.S. 160A-462, created and tasked with certain duties and responsibilities as detailed within the Wake Transit Governance Interlocal Agreement for the implementation of the Wake County Transit Plan. 2.09 "WAKE TRANSIT GOVERNANCE INTERLOCAL AGREEMENT"shall mean the Interlocal Agreement entered into between GoTriangle, as administrator of the Triangle Tax District; Wake County, a body politic and corporate; and CAMPO, the Metropolitan Planning Organization in Wake County for the implementation and governance of the Wake County Transit Plan; and 2.10 "TRIANGLE TAX DISTRICT" shall mean the tax district, also referred to as the 7 Special District created by GoTriangle on or about May 25, 2016 pursuant to authorizing resolutions and N.C.G.S. 105-508 et seq. 2.11 "WAKE COUNTY FINANCIAL PLAN" shall mean the financial plan attached hereto as Exhibit B, required pursuant to N.C.G.S. 105-508.1 for the implementation of the Wake County Transit Plan. The initial Financial Plan is the Plan Implementation and Finance section set forth in pages 32-36 of the Wake County Transit Plan. The Wake County Financial Plan shall only include funds that would be budgeted and reported in the Wake Transit Plan major operating and capital funds, excluding plans from any other counties or associated with any other plans in the Tax District. The Wake County Financial Plan shall also segregate all Wake Tax Revenues and Wake Transit Plan Revenues from any and all Non-Wake County Revenues or Transit Plans associated with projects or expenditures that are not included in the Wake County Transit Plan. 2.12 "WAKE COUNTY TAX REVENUE" shall be defined as all revenues derived from transit funding sources in support of the Wake Transit Plan, which shal I include the '/2 percent local option sales and use tax as defined by N.C.G.S. 105-508; the County vehicle registration fee assessed by the Wake County Board of Commissioners in accordance with N.C.G.S. 105-570 et seq.; the increased portion of the regional vehicle registration fee assessed by GoTriangle in accordance with N.C.G.S. 105-561 et seq. allocated to Wake County; and the portion of vehicle rental tax collected by GoTriangle pursuant to N.C.G.S. 105-550 et seq. and as allocated by the GoTriangle Board of Trustees to Wake County. 2.13 "WAKE COUNTY TRANSIT PLAN" shall mean the document entitled "Recommended Wake County Transit Plan" dated December 2015, being that same document approved by the Wake County Board of Commissioners pursuant to a Resolution on June 6, 2016. 2.14 "WAKE TRANSIT PLAN REVENUE" shall mean Wake County Tax Revenue, any federal or state funds, debt proceeds, fares, local contributions, and other sources of revenue used to fund the Wake County Transit Plan. 2.15 "WAKE COUNTY TRANSIT WORK PLAN"or"WAKE TRANSIT WORK PLAN" shall mean the comprehensive plan for transit capital and operations in Wake County presented by the TPAC which shall include all of the separate components of a. Annual Operating Budget Ordinance. This shall be supplied for the Wake Transit major operating fund which will appropriate funds for the operation and administration of transit projects as well as for any other agencies involved in producing products for TPAC review; b. Annual Tax District administration budget for the Wake Transit major operating and capital fund; C. Multi-Year Capital Improvement Plan (CIP) supplied for the Wake Transit major capital fund that clearly identifies specific projects, project sponsors responsible for undertaking those projects, project funding sources, and project expenditures. (NOTE: 8 The Multi-year CIP shall be updated annually to coincide with the annual capital budget always being the first year of appropriation of funding for capital projects identified in the CIP. The Multi-year CIP shall be coordinated with the Metropolitan Transportation Plan, Transportation Improvement Program, and annual program of projects developed and maintained by the Raleigh Urbanized Area designated recipient of federal formula transit grants so as to be consistent with submittal deadlines for the final horizon year of both the Transportation Improvement Program and Metropolitan Transportation Plan.); d. Annual Capital Budget Ordinance supplied for the Wake Transit major capital fund that allocates financial resources to specific project sponsors for specific projects, and represents the first year of appropriation of funding for capital projects identified in the Multi-Year CIP; e. Multi-year Operating Program (as defined supra.); f. Update of the Wake Transit Financial Plan and financial model assumptions and corresponding update of the planning horizon of Wake Transit Work Plan future projects not included in the current Multi-year CIP. The Parties shall use good faith efforts to align planning horizon year with the horizon year of the current CAMPO MTP. The Financial Model shall contain agreed upon financial assumptions of the TPAC for Wake Transit Work Plan revenues involving federal, state and local sources and multi-year capital and operating costs including liquidity targets and debt ratios relevant to rating agency metrics; g. Capital Funding Agreements or Master Agreements; and h. Operating Agreements or Master Agreements. Nothing herein shall prevent Wake County from entering into a Cost Sharing Agreement with other jurisdictions for any regional transit projects or systems so long as they are detailed in the Wake County Transit Work Plan. 2.16 "WESTERN TRIANGLE TAX DISTRICT" shall mean the special tax district created by the authorizing Resolution of GoTriangle on or about June 27, 2012 that includes the entire area of Orange County and Durham County as further referenced in the Resolution of the Triangle Transit Board of Trustees Authorizing the Levy of a One-Half Percent (1/2%) County Sales and Use Tax for Public Transportation filed on or about December 14, 2012 with the North Carolina Secretary of State. ARTICLE III EFFECTIVE DATE,TERM,AMENDMENT a. Effective Date. This Agreement shall become effective upon the properly authorized execution of the Agreement by all Parties. 9 b. This Agreement shall continue so long as Wake County is a member of any-multi county Special District or Tax District. C. Any amendment, termination, or renewal of this Agreement must be in the form of a written instrument properly authorized and executed by the governing boards of each Party. d. Notice. Any written or electronic notice required by this section shall be delivered to the Parties at the following addresses: For GoTriangle: Jeffrey G. Mann General Manager GoTriangle P.O. Box 13787 Mail Research Triangle Park,NC 27709 Suite 100, 4600 Emperor Blvd. Delivery Durham, NC 27703 With a copy to Shelley Blake General Counsel GoTriangle P.O. Box 13787 Mail Research Triangle Park, NC 27709 Suite 100, 4600 Emperor Blvd. Delivery Durham,NC 27703 For Durham County: Durham County Manager 200 East Main Street 2"d Floor, Old Courthouse Durham, NC 27701 For Orange County: Orange County Manager 200 South Cameron Street Hillsborough,NC 27278 For DCHC-MPO: DCHC Metropolitan Planning Organization 101 City Hall Plaza Durham, NC 27701 10 For BG-MPO: Burlington-Graham Metropolitan Planning Organization 425 S. Lexington Ave. Burlington,NC 27215 For CAMPO: Capital Area Metropolitan Planning Organization Executive Director One Bank of America Plaza 421 Fayetteville Street, Suite 203 Raleigh,NC 27601 For Wake County: Wake County Manager Wake County Justice Center 301 S. McDowell St. Raleigh,NC 27601 With a copy to Wake County Attorney Wake County Justice Center 301 S. McDowell St. Raleigh,NC 27601 ARTICLE IV THE TRIANGLE TAX DISTRICT FINANCIAL PLAN 4.01 Financial Plan. The Financial Plan for the Triangle Tax District shall be the three financial plans referred to herein as the "Durham and Orange Bus and Rail Financial Plans" and the "Wake County Financial Plan," , including any future amendments to the same, said plans being incorporated by reference and attached hereto as Exhibits A and B, hereinafter jointly referred to and combined as the"Triangle Tax District Financial Plan." a) Durham and Orange Bus and Rail Financial Plans. The Financial Plans as defined herein that are contained in the Durham and Orange Bus and Rail Investment Plans attached hereto as Exhibit A, which shall continue to govern the expenditure of all proceeds collected on behalf of Durham and Orange counties by and through GoTriangle, as administrators of the Durham and Orange Bus and Rail Investment Plans. b) Wake County Financial Plan. The Plan attached hereto as Exhibit B, which shall govern the expenditure of any proceeds collected on behalf of Wake County by and through GoTriangle for the implementation of the Wake County Transit"Plan. For clarity, all Wake County Tax Revenue and Wake County Transit Revenue collected by and through GoTriangle shall be accounted for separate and apart from any revenues collected on 11 behalf of Durham and Orange counties in strict compliance with the financial terms outlined in the Wake Transit Governance Interlocal Agreement, 4.02 Equitable Use of Net Proceeds within the Triangle Tax District. In accordance with N.C.G.S. 105-508.1, the Parties hereby acknowledge that the Durham and Orange Bus and Rail Financial Plans and the Wake County Financial Plan, as further described in Section 4.01, above, were modeled at different times, for separate geographical boundaries and transit systems within those boundaries, and with different assumptions. As such, the Parties hereby agree that pursuant to N.C.G.S. 105-508.1, the "equitable use" of all Wake County Tax Revenue and Wake Transit Plan Revenue collected by and through GoTriangle in administration of the Triangle Tax District shall be as defined pursuant to Section 2.03 above. The Parties further agree that a segregation of all Wake County Tax Revenue and Wake Transit Plan Revenue and all expenditures of the same as dictated by the Wake County Transit Plan as defined in Section 2.13, above, is an"equitable use" of said revenues, for the benefit of the Triangle Tax District. 4.03 Approval of the Wake County Financial Plan. By execution of this Agreement, the Parties signify their approval of the Wake County Financial Plan in accordance with N.C.G.S. 105-508.1. 4.04 Oversight, Implementation & Amendments to the Financial Plan. Nothing herein shall confer any right, duty, oversight, or authority upon Durham County, Orange County, DCHC-MPO, or BG-MPO, to amend, review or approve any revisions or modifications to the Wake County Financial Plan or any aspects related to the implementation of the Wake County Transit Plan. Likewise, nothing herein shall confer any right, duty, oversight, or authority upon Wake County or CAMPO to amend, review or approve any revisions or modifications to the Durham and Orange Bus and Rail Financial Plans. 4.05 Modeling of the Financial Plan. Consistent with the financial segregation of all Wake County Tax Revenues and Wake Transit Plan Revenues from any and all plans or projects not included in the Wake County Transit Plan, the Wake County Financial Plan shall be modeled and presented separate and apart from any other financial plan of the Tax District, including the Durham and Orange Bus and Rail Financial Plans. ARTICLE V INDEPENDENCE OF TRANSIT PLANS AND LIMITATIONS OF THE PARTIES 5.01 Independence of the Transit Plans. Durham County, Orange County, DCHC-MPO and BG-MPO, by virtue of this Agreement hereby acknowledge they do not have any authority, control, or input in the administration, implementation or governance of the Wake County Transit Plan or any financial components associated with the same. Notwithstanding the above, it is acknowledged that the GoTriangle Board of Trustees has representative membership from Durham and Orange counties. Likewise, Wake County and CAM PO, by virtue of this Agreement hereby acknowledge they do not have any authority, control, or input in the administration, implementation or governance of the Durham and Orange Bus and Rail Investment Plans or any financial components associated with the sarne. Notwithstanding the 12 above, it is acknowledged that the GoTriangle Board of Trustees has representative membership from Wake County. 5.02 Governance of the Transit Plans. a. Wake County Transit Plan. The governance of the Wake County Transit Plan and all financial components of the same shall be strictly in accordance with the framework and provisions detailed in the Wake Transit Governance Interlocal Agreement, to which Durham County, Orange County, DCHC-MPO and BG-MPO are not parties. b. Durham and Orange Bus and Rail Investment Plans. The governance of the Durham and Orange Bus and Rail Investment Plans and all financial components of the same shall be strictly in accordance with the framework and provisions detailed in the Interlocal Implementation Agreements,to which Wake County and CAMPO are not parties. 5.03 Financing of the Transit Plans. Consistent with the provisions set forth in Article IV, above, one-hundred percent (100%) of all Wake County Tax Revenues and Wake Transit Plan Revenue collected by GoTriangle shall be expended in accordance with the Wake County Transit Work Plan. The Parties hereby agree that zero percent of the Wake County Tax Revenues and Wake Transit Plan Revenue will be made available for any purpose or cause outside of the Wake County Transit Plan. Likewise, one-hundred percent (100%) of all Non- Wake County Tax Revenues collected by GoTriangle shall be devoted to projects outside of the Wake County Transit Plan and Wake County Transit Work Plan, unless otherwise agreed to by the Parties. 5.04 Integration of Transit Plans. Nothing herein shall prevent coordination between the Parties for regional transit systems or joint undertakings between the Wake County Transit Plan and Durham and Orange Bus and Rail Investment Plans, as they may be amended from time to time, that overlap the jurisdictional boundaries of the member counties of the Triangle Tax District. Notwithstanding the above, any financial components of such a joint undertaking shall be separately accounted for in accordance with the overriding financial provisions contained in the Wake Transit Interlocal Governance Agreement and as further directed by the Wake County Transit Plan. Nothing herein shall prevent the Parties from entering into a separate Cost Sharing Agreement for any regional transit projects or systems that cross jurisdictional boundaries. ARTICLE VI MISCELLANEOUS PROVISIONS 6.01 No Waiver Of Sovereign Immunity. Nothing in this Agreement shall be construed to mandate purchase of insurance by Wake County pursuant to N.C.G.S. 153A-435; or to be inconsistent with Wake County's "Resolution Regarding Limited Waiver of Sovereign Immunity" enacted October 6, 2003; or to in any other way waive Wake County's defense of sovereign or governmental immunity from any cause of action alleged or brought against Wake County for any reason if otherwise available as a matter of law. 13 6.02 No Waiver Of Qualified Immunity. No officer, agent or employee of any Party shall be subject to any personal liability by reason of the execution of this Agreement or any other documents related to the transactions contemplated hereby. Such oflicers, agents, or employees shall be deemed to execute this Agreement in their official capacities only, and not in their individual capacities. This section shall not relieve any such officer, agent or employee from the performance of any official duty provided by law. 6.03 Governing Law, Venue. The Parties acknowledge that this Agreement shall be governed by the laws of the State of North Carolina. Venue for any disputes arising under this Agreement shall be in the courts of Wake County,North Carolina. 6.04 Entire Agreement. The terms and provisions herein contained constitute the entire agreement by and between the Parties hereto and shall supersede all previous communications, representations or agreements, either oral or written between the Parties hereto with respect to the subject matter hereof. Nothing herein shall be construed to restrict the statutory rights of any Party. 6.05 Severability. If any provision of this Agreement shall be determined to be unenforceable by a court of competent jurisdiction, such determination will not affect any other provision of this Agreement. 6.06 Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed an original. [Signature pages follow this page] 14 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed in their corporate names by their duly authorized officers, all by the Resolution of their governing board, spread across their minutes, as of the date written below. RESEARCH TRIANGLE REGIONAL This instrument has been preaudited in the PUBLIC TRANSPORTATION manner required by The Local Government AUTHORITY (d/b/a GoTriangle) Budget and Fiscal Control Act. By: Saundra Freeman, Chief Financial Officer Jeffrey G. Mann, General Manager for GoTriangle This, the day of , 2016. This, the day of , 2016. [Seal] This instrument is approved as to form and legal ATTEST: sufficiency. By Shelley Blake, General Counsel Clerk for GoTriangle This, the day of , 2016. 15 DURHAM COUNTY,NORTH This instrument has been preaudited in the CAROLINA manner required by The Local Government Budget and Fiscal Control Act. By: Finance Director County Manager Durham County,North Carolina This, the day of , 2016. This,the day of , 2016. [Seal] This instrument is approved as to form and legal ATTEST: sufficiency. Clerk County Attorney This, the day of , 2016. 16 ORANGE COUNTY,NORTH 4re ument has een preaudited in the CAROLINA manner red by The Local Government is al C trol Act. Y rector County Manager unty,North Carolina [Seal] This, ,This, the�day of 016. This, the X day of 2016. This instrument is approved as to form and legal ATTEST: ;unty ficiency. Clerk Attorney This, the 36 day of 4 , 2016. crt� Cato 17 � WAKE COUNTY,NORTH CAROLINA This instrument has been preaudited in the manner required by The Local Government Budget and Fiscal Control Act. County Manager Finance Director Wake County,North Carolina This, the day of 2016. This instrument is approved as to form and legal ATTEST: sufficiency. Clerk County Attorney This,the day of 2016, 18 CAPITAL AREA METROPOLITAN PLANNING ORGANIZATION(CAMPO) CAMPO By: Executive Director This,the day of , 2016. ATTEST: By: Valorie D. Lockehart 19 DURHAM, CHAPEL-HILL,CARRBORO METROPOLITAN PLANNING ORGANIZATION(DCHC-MPO) By: By: Felix Nwoko, Manager Steve Schewel, Board Chair This, the day of , 2016. This,the day of , 2016. ATTEST: By: Clerk [Seal] 20 BURLINGTON-GRAHAM METROPOLITAN PLANNING ORGANIZATION (BG-MPO) By: Mike Nunn, Executive Director This,the day of , 2016. ATTEST: By: [Seal] 21 EXHIBIT A EXHIBIT A pg. 2 of 69 The Durham County Bus and Rail Investment Plan Approved June 2011 By the DCHC MPO,Triangle Transit Board of Trustees and Durham Board of County Commissioners EXHIBIT A pg. 3 of 69 The Durham County Bus and Rail Investment Plan 1. INTRODUCTION 3 II. TRANSIT PLANNING STEPS LEADING UP TO THIS PLAN 4 III. PLAN ELEMENTS 5 A. NEW BUS SERVICE B. NEW LIGHT RAIL SERVICE C. NEW COMMUTER RAIL SERVICE IV. MAPS 9 A. NEW BUS SERVICE B. NEW LIGHT RAIL SERVICE C, NEW COMMUTER RAIL SERVICE V. DURHAM COUNTY REVENUES 12 A. PROCESSS ASSUMPTIONS B. GROWTH RATES C. ONE-HALF CENT SALES TAX 0. $7 DOLLAR VEHICLE REGISTRATION FEE E. $3 TRIANGLE TRANSIT VEHICLE REGISTRATION FEE F. REVENUE FROM TRIANGLE TRANSIT'S RENTAL CAR TAX G. STATE GOVERNMENT FUNDING H. FEDERAL GOVERNMENT FUNDING I. PASSENGER REVENUE J. COSTALLOCATION VI. DURHAM FINANCIAL PLAN DATA 14 VII. IMPLEMENTATION AGREEMENT 15 VIII, CLOSING SUMMARY 15 IX. BUS SPREADSHEETS 17 Page (z i EXHIBIT A pg.4 of 69 The Durham Bus and Rail Investment Plan 1. INTRODUCTION The Durham community has achieved an enviable quality of life at the erld of the first decade of the 21"century. Recent accolades Include its ranking as the best mid-sized city for jobs in the US by Forties magazine,as the#1 housing market In the US by the Walt Street Journal,as one of the top places in the world to visit in 2011 by the New York Times and the#2"green city"for lifestyle and quality of life by Country Home magazine. The Triangle region has also enjoyed a diverse,growing economy and attractive quality of life for a number of years,topping many best places to live and best places to work lists. With these successes has come a surging growth in population and demand upon our roads and highways. Since 2004,the Triangle has moved from 46`"largest metro area to 401"in the US for 2009,and our vehicle demand on freeways is up by 28%over those five years. Recently, our region was named the 3fd most sprawling urban area in the country among the 83 areas studied. In Its 2009 long-range(2035)report,the Durham-Chapel Hill-Carrboro Metropolitan Planning Organization(DCHC MPO)noted that the region's population would more than double over the 25-year period. For the last two decades,the demand on our roads has grown significantly faster than our population. Even with planned highway Improvements and likely additional revenues for new roads,it is clear that Durham and the region will see declining levels of service on major roads in the next 25 years. The economic costs for our increasingly congested roads are significant. In its 2010 Mobility report,the Texas Transportation Institute estimated that our region has"congestion costs"of almost one-half billion dollars a year. A May 10,2011 study cited in Forbes magazine found that the Triangle region was ranked"America's Biggest Gas Guzzler," Finally,it will be difficult to impossible for many of Durham's low to moderate income families to afford to get to new Jobs and take advantage of the region's prosperity unless enhanced transportation options are created. Durham residents and Its regional neighbors are aware of the growth In clogged roads,as well as the accompanying air quality problems,negative economic impacts and the loss of the quality of life we enjoy if these transportation challenges are not met. local citizens and elected leaders have responded to these challenges,with some assistance from state government,as described below. Page 13 EXHIBIT A pg. S of 69 II. TRANSIT PLANNING STEPS LEADING UP TO THIS PLAN In 2008,a blue-ribbon group of Triangle leaders(the Special Transit Advisory Commission,or STAC)began meeting. In May 2009 the STAC unanimously recommended a regional vision for bus and rail investments. One year later,the region's two MPO's fully incorporated the STAC recommendations into their long-range(25 year)transportation plan. In August 2009,Governor Beverly Perdue signed Into law the Congestion Relief and Intermodal Transport Fund Act(HB 148),legislation that allows Durham,Orange and Wake counties to generate new revenues for public transportation. These new revenues can Include a one-half cent sales tax,if approved by the public through a referendum,and an additionat$10 in local and regional vehicle registration fees. Over the last 18 months,Triangle Transit staff have worked with Durham,Durham County, the MPO and other regional transportation staff to develop a detailed,25-year plan for new bus and rail investments designed to provide greater transportation options for residents and employers. This option would positively impact traffic congestion and air quality while supporting local land use policies. This plan is the culmination of that work and represents crucial public Investments and services designed to maintain our quality of life and economic vitality In the next 25 years. Extensive public engagement has occurred over the past year in the development of the bus and rail elements of this plan. Triangle Transit and local transportation staff members from the city,county and MPO conducted a series of 19 public workshops,at various locations throughout the Triangle,on the process and substance of the plan's development. A total of over 1,100 participants attended the meetings and provided over 500 comments on the plan. The project web site,www.ourtransitfuture.com,was viewed by over 31,000 Individuals with 1.4 million page hits. The web site houses all of the presentation materials and proposed plan elements. There have been dozens of meetings with citizens,focal elected officials,staff and members of the region's MPO's,community stakeholders and business leaders to have feedback on the proposed bus and rail elements. The financial and service elements of this plan are coordinated with the corresponding Orange County Bus and Rail Investment Plan. Additionally,this bus and rail investment plan builds on existing transit services and does not eliminate current financial and service commitments. Pagel 4 I EXHIBIT A pg. 6 of 69 III. PLAN ELEMENTS A. New Bus Service The major goals of the new and strengthened bus service In Durham County would include: • connect more residents with job opportunities in Durham and the region • connect more residents with post-secondary and vocational educational opportunities • expand bus capacity in corridors with high current bus ridership • provide better regional connections to other cities and the RDU Airport Over the 23 year Ilfe-of the plan,a total of 77,000 additional bus hours in Durham County would be added(50,000 in the first three years,27,000 over the 20 years). Today,DATA provides 177,000 annual bus hours.This 44%Increase in bus service will provide service benefits to all areas of the county as detailed below and Illustrated in the map in Section IV. Over the first three years following a successful referendum and levy of the sales tax,the following transit Improvements will be made: First 12-18 months&Vowina&COssf yi referendum and levy of the sales to • Connecting more residents with jobs • New service from southwest Durham to Duke and VA Medical Centers • More frequent service to jobs at retail centers including Brier Creek,Northgate Mali,Southpoint Mall,The Village,and the vicinity of NC 54 and NC 55 • New services from rural Durham County,Mebane and Hillsborough to Duke and VA Medical Centers • More demand response trips from rural Durham County to jobs throughout the county • Connecting more residents with postsecondary and vocational educational opportunities • More demand response trips from rural Durham County to Durham Tech and job training opportunities • More frequent service to North Carolina Central University and Durham Tech • Expanding bus capacity in corridors with high current bus ridership(15 minute frequency during peak hours) o Holloway Street/Liberty Street Corridor o North Roxboro Street o Chapel HIII-Durham Boulevard(US 15-501) o Fayetteville Street o West Chapel HIII Street • Providing better regional connections to other cities and the RDU International Airport o Later Saturday Service between Downtown Durham and Downtown Chapel Hill; between Downtown Durham,RTP,and Raleigh;and, between Chapel Hill, southern Durham,RTP,and Raleigh o Sunday Service between Downtown Durham and Downtown Chapel Hill;between Downtown Durham,RTP,and Raleigh;and,between Chapel Hill,southern Durham,RTP,and Raleigh Page 15 i EXHIBIT A pg. 7 of 69 o Seven day per week service to RDU Airport o More frequent express trips between Durham and Raleigh o More frequent service between Chapel Hill,southern Durham,and RTP Over the remaining 20 years of the transit Investment plan,it is estimated that the sales tax will raise enough revenue to fund an additional 27,000 bus hours of service per year that will be phased in over the life of the plan. The resources will be used to continue to meet the plan's four goals as jobs and residences shift. When light rail and commuter rail services begin operation in later years of the plan,bus services will be shifted to avoid service duplication and to connect people with the rail stations. Small Capital Projects An estimated$15 million In small capital projects supporting the Durham County bus network are also Included in the Durham County Bus and Rail Investment Plan. The projects should be completed in the first three to five years. They Include: • Park-and-Ride lots in northern Durham County and various other locations of the city • Four new neighborhood transit centers • Three transit emphasis corridors(sidewalks,shelters,and transit signal priority) • Pedestrian accessibility and amenities Improvements at the 200 most-used bus stops Please see spreadsheet—Durham County Bus improvements,Section IX. B. New Light Rail Service The Durham County Bus and Rail Investment Plan provides funding for a fixed guideway transit system that serves Durham and Orange Counties using Light Rail technology(LRT). The 17-mile alignment extends from the University of North Carolina(UNC)Hospitals to Alston Avenue in East Durham. A total of 17 stations have been proposed Including a station next to the Dean Smith Center,the Friday Center,as well as a potential station at Meadowmont in Chapel Hill. Stations in Durham Include Patterson Place along US 15-501, the South Square area,at Duke Medical Center and VA Medical Hospital, Ninth Street and downtown Durham,with convenient access to nearby bus and Amtrak intercity rail connections. Light Rail service characteristics and the type of activity centers and neighborhoods being served along the corridor dictate light rail station spacing of between'X mile and 2 miles. Light Rail vehicles are electrically powered and travel at speeds up to 55 mph. The total, end-to-end,travel time for the 17-mile alignment Is about 35 minutes Including stops. The vehicles are approximately 90 feet long,can operate in both directions,and can be coupled with additional cars as ridership demand increases. Initial 2035 projections Indicate that ridership will exceed 12,000 boardings per day. As with all long range projections,this estimate is subject to change as the ridership forecasting model Is refined and validated. Page 16 I I EXHIBIT A pg. 8 of 69 Light rail vehicles can operate in exclusive right of way,as well as along urban streets,and characteristically serve accessible low platform(14 inches high)stations. The operations plan for the 17-mile alignment includes train frequencies(headways)of every 10 minutes during the morning and evening peak and 20 minutes during the off-peak hours and on weekends. Fifteen vehicles will be required to operate the system based on an 18 hour schedule each weekday. Several potential light rail vehicle maintenance facility locations are being evaluated and are also included In the financial plan. Detailed alignment and station location decisions will occur in the future at the preliminary engineering and final design stages,within 1-4 years after a successful referendum and levy of the sales tax. Durham County's share of capital cost for the Durham and Orange Light Rail Project is approximately$1,050 billion(2011 dollars). The total cost for the project is$1.4 billion ($2011). Durham County's share of operations and maintenance costs are estimated at $11.3 million/year(2011 dollars). Total operations and maintenance cost are estimated at$15 mlllion/year. C. New Commuter Rail Service The Durham County Bus and Rail Investment Plan provides funding for a transit system that serves Durham and Wake County using Commuter Rail technology(CRT). The 37-mile alignment extends from West Durham to Greenfield Parkway in Garner via Durham,the Research Triangle Park,Morrisville,Cary,Raleigh,and Garner. A total of 12 stations have been proposed,including locations with major bus and Amtrak intercity rail connections available In downtown Durham,downtown Cary,and downtown Raleigh,-Due to the vehicle's performance capabilities,length of the corridor,and the needs of activity centers being served,station spacing is typically between 2 miles and 10 miles for commuter rail systems.. Commuter Rail vehicles are pulled by diesel powered locomotives and travel at speeds up to 79 mph. Total,end-to-end,travel time for the 37-mile alignment is about 51 minutes including stops. The train would include a locomotive and multiple coach cars,sized according to anticipated ridership. Initial 2035 projections Indicate ridership will exceed 7,000 boardings per day. This estimate is subject to change as the ridership forecasting model is refined and validated. Commuter rail vehicles must remain in the railroad corridor(Le.no street running). The operations plan for the alignment assumes the use of existing freight tracks where possible. In some instances,a second track will be constructed to enhance the capacity of the corridor to allow for continued increases in demand for both passenger and freight traffic in the corridor. Commuter Rail operation Is recognized as an Inter-urban service and operates on 20 to 30 minute train frequencies(headways),primarily during the morning and evening peak periods,with the opportunity for some limited off-peak service. The service Is primarily oriented towards the work-week and peak-period commuting to major employment centers.Weekend service will be considered based Page 17 EXHIBIT A pg. 9 of 69 upon future ridership demand.Fifteen vehicles and a rail maintenance facility are also Included in the plan. Durham County's share of the capital cost for the Commuter Rail Project would be$300 million($2011).The total capital cost for the Commuter Rail project is approximately$645 million(2011). Durham County's share of the annual operating and maintenance costs Is estimated at$2.57 million/year($2011). Total operations and maintenance cost Is estimated at$11 million/year(2011). IV. Maps Three maps that illustrate bus and rail service Improvements In Durham County follow. The first map(page 9)Is a conceptual representation of where frequent local and regional bus service will be put into operation In the first three years following the implementation of this plan. The second map(page 10)shows the Light Rail alignment from Downtown Durham to Chapel Hill. The third map(page 11)shows the Commuter Rail alignment from West Durham to Raleigh and Eastern Wake County. I r I i Page 8 i I EXHIBIT A pg. 10 of 69 Durham County Bus Investment Plan 50,000 hours of bus Improvements In the first three years • ®Rougemont Local Routes Regional Routes ACCESS Demand Reeponse/Rural Transit O ` brresirbrMSpAnVreowMy alestlnations Nathem DaHwn Pars-aa ade New park-and-dde orneighborhood Durham County transit centers r Mebane/ '> MOM RO&O01 NRbbwarsh ate NO MASON fieVBtape COMMOM New'We famine I pufiam Tech 001701!Untw+sl4 : f PaRerem / i' PIM Bd#rCmeh UNC ChapOHlRr .._.._.... e.w'• . � �bbuthpotrtl •'>. �a0r"I RDUAMport Tranch Con for O 27,O00 more hours of bus O servlca wl/f be added Year Four through 2036. I I Page 9 I EXHIBIT A pg. 11 of 69 Durham-Orange Light Rail Plan, Durham-Orange (light Hall) Durham County Corridor 7 nave ® uyeiwaaro- . arw,rn _ t r-1 yy !lphtRlfl�fan : ;1 i��� ~ Iw l— tJuUwkrBv . •,- _aar�bNblr men%e�Y WYm ' LI�MM Chapel Hill. Av r r Page 10 i I i EXHIBIT A pg. 12 of 69 Durham-Wake Commuter Rail Plan Wake-Durham (Commuter Hall) Durh ""� County Corridor � � rL.7aIKMw ��. f • OMlal/IAYLq, `l,a,. � , IAUYd%rro�/ 7NYMM1 �ttltlklM YlYY rtraYYr -Y� Raleigh r, Garner I I i 7 I� Page 11 i i EXHIBIT A pg. 13 of 69 V. DURHAM COUNTY REVENUES A variety of revenue sources provide the funding for the Durham County Bus and Rail Investment Plan. Those revenues Include: • A new one-half-cent sales tax In Durham County(referendum required) • A new$7 vehicle registration fee levied by Durham County • An Increase of$3 to the existing$5 vehicle registration fee currently levied by Triangle Transit In Durham County • Revenue from Triangle Transit's rental car tax • NC State Government contributions to funding • Federal Government contributions to funding • Passenger Revenue(fares for services) Further details for each revenue source follow below. A. jnWPI Proceeds Assumptions for Local Revenue The initial annual projections for each local revenue stream for Durham County(see prior section V)in 2012 for transit are as follows: • One-half cent sales tax: $18.4 million • $7 vehicle registration fee: $1.58 million j • $3 vehicle registration fee Increase: $677,000 • Rental Car Tax revenue(Durham): $1.0 million S. Growth Rates Assumed for Each Revenue Source i • A-cent sales tax: i o Growth Rate from 2011 through 2014: 1.5% o Growth Rate from 2015 through 2035: 3.5% • $7 vehicle registration fee: 2.0% • $3 vehicle registration fee increase: 2.0% • Rental Car Tax revenue: 4.0% C. One-half cent sales tax in Durham County { A one-half cent sales tax in Durham County means that when individuals spend$10.00 on certain goods and services,an additional five cents($0.05)is added to the transaction to support the development of the Bus and Rail Investment Plan. Purchases of food, gasoline,medicine,health care and housing generally are excluded from the tax. Page 12 i I i I i EXHIBIT A pg. 14 of 69 A one-half cent sales tax In Durham County is estimated to generate$18.4 million. Over the life of the plan to 2035,the sales tax Is expected to generate$625 million in Year-Of- Expenditure(YOE)dollars. Implementation of the Plan as described above is subject to authorization of a referendum by the Durham Board of County Commissioners and approval by the voters. D. $Z Vehicle Regist{alfon Fee in Durham County A seven dollar($7)vehicle registration fee in Durham County means that when an Individual registers a new vehicle or renews the registration for an existing vehicle in Durham County,an additional$7 per year Is added to the cost above the other required registration fees for that vehicle. The seven dollar fee in Durham County Is expected to bring in$1.58 million in 2012. Over the life of the plan to 2035,the seven dollar fee is expected to generate$58.1 million in Year-Of-Expenditure(YOE)dollars. E. $3 Vghicle RegistratiRn Fee Increase in Durham Courtty A three dollar($3)vehicle registration fee increase in Durham County means that when an individual registers a new vehicle or renews the registration for an existing vehicle In Durham County,an additional$3 per year is added to the cost above the other required registration fees for that vehicle.An existing$5 fee for vehicle registration supports activities of Triangle Transit,including bus operations and long-term planning.This fee would Increase to$8 after the$3 increase is implemented. The three dollar fee in Durham County is projected to generate$677,000 In 2012. Over the life of the plan to 2035,the three dollar fee Is expected to generate$24.9 million in Year-Of-Expenditure(YOE)dollars. F. Revenue from Triangle Transit's Rental Car Tax Triangle Transit operations are partially funded by a five percent(5%)tax on car rentals in Wake,Durham,and Orange Counties. Under existing policy adopted by the TTA Board, 50%of the rental revenues are dedicated to advancing long-range bus and rail transit. Since a significant portion of all cars rented and driven In the three counties are rented at RDU international Airport,it is difficult to determine which rentals are driven primarily in one county or another. Therefore,the 50%rental revenues dedicated to long-term transit were allocated by county according to the percentage of population in the Triangle Region,which Is;Wake(6896);Durham(21.596);Orange(10.5%). The Triangle Transit rental car tax proceeds directed to Durham County is estimated at $1.0 million in 2012. Over the life of the plan to 2035,the rental car tax is expected to generate$36 million in Year-Of-Expenditure(YOE)dollars for Durham County. Page 13 i I EXHIBIT A pg. 15 of 69 G. NC State Government Fund, inn The plan Includes a 25%capital cost contribution by the NC Department of Transportation (NCDOT)for both light rail and commuter rail projects in Durham County. This level of participation was established by the State in its participation in the Charlotte Blue Line light rail project in 2003. The plan assumes that NCDOT also pays for 10%of bus capital costs(replacement buses,new buses,park and ride lots,etc)consistent with its current practices. Based on these precedents,NCDOT assumed contributions to the plan total $465 million in YOE dollars from 2012 through 2035. H. Federal Government Funding The plan projects that the U5 Government will contribute 50%of the capital cost for both the light rail and commuter rail projects in Durham County. This was the federal level of participation in the Charlotte Blue Line light rail project and is consistent with federal funding outcomes for most rail projects in the Federal Transit Administration's New Starts program in recent years. The plan assumes that the Federal Government also pays for 80%of bus capital costs, consistent with its current practices,and continues to provide operating appropriations consistent with present FTA operating grant formulas. Federal Government contributions to the plan are projected to be$926 million In YOE dollars from 2012 through 2035. I. Passenger Revenue This revenue source accounts for the fares we receive from our bus service,commuter rail service,and light rail service. J. Cost allocation along the county border A cost-sharing understanding was reached by officials from both Durham and Orange County which identifies how costs would be allocated for the light rail project that crosses their county border. This understanding calls for Durham County to fund all rail investment(capital,operations,and maintenance costs)within Durham County with the exception of the light rail Investment found within those portions of the Chapel Hill town limit which are inside Durham County. Conversely Orange County will fund all bus and rail investments within Orange County and within the Chapel Hill municipal limit. Costs and expenses for regional bus service for the Durham and Orange county region are shared on a 50.50 basis In this Plan. I j Page 14 i EXHIBIT A pg. 16 of 69 VI. DURHAM FINANCIAL PLAN DATA The following is a list of the total spending for each technology and category identified in the Durham County Bus and Rail Investment Plan. • Rail Capital:$1,669 million($1350 million in 2011 dollars) • Rail Operations:$283 million • Bus Capital:$47 million • Bus Operations:$151 million • Debt:$136 million VII. IMPLEMENTATION AGREEMENT:ANNUAL REVIEW AND CHANGES TO THE PLAN The Durham County Bus and Rail Investment Plan details the specific elements of local and regional bus service,LRT and commuter rail service to be added In Durham County over a twenty-three year period. Because of the long time frame for implementation of the Plan and Its major capital projects,over time there will need to be changes and revisions made to the Plan. As the statutory implementation agency,Triangle Transit will work with Durham County,the DCHC Metropolitan Planning Organization(MPO),and the City of Durham,the public transit provider in Durham County to develop a nd execute an Implementation Agreement which details the following aspects of implementation of the Plan: (a) Annual review presentations of the activities and progress made in Implementation of the Plan by Triangle Transit to the County and the MPO; (b) The process for review and vote by the County,the MPO and Triangle Transit's Board of Trustees on any significant or substantial revislons to the Plan required by changes experienced in revenues received,capital costs,operating expenses,or other substantial Issues affecting the Plan; (c) Responsibility of Triangle Transit for direct disbursement of funds from the revenues received per Section V(above)to the public agency responsible for Implementing the bus services set forth In the Plan;and (d) Other necessary provisions regarding Implementation of this Plan as agreed to by the County,the MPO,and Triangle Transit. VIII. CLOSING SUMMARY The Durham County Bus and Rail Investment Plan is the result of years of collaborative work by local elected leaders,regional stakeholders,municipal and county staff and Triangle Transit. The plan consists of a balance of bus Improvements and rail Investment to help accommodate the Intense population growth that the region is expected to experience In the next 25 years. The proposed plan addresses the ongoing need to provide greater choice to transit riders with Improved and expanded bus and rail connections.Once Implemented,the residents of Durham County will be able to have greater access to jobs,shopping,and activity Page 115 EXHIBIT A pg. 17 of 69 centers such as downtown Durham,the Universities,the Research Triangle Park,and the Raleigh-Durham International Airport. Additionally,the plan will provide core Infrastructure investment that will help support the goals and objectives of Durham's local land use plans. In particular,as evidence in communities across the country,Investment In light rail has proven to be a great motivator for private companies to build transit-oriented development(TOD)at station locations along the rail corridor. This kind of more intense development generally consists of a mixed-use,walkable environment that can allow a more sustainable alternative to the suburban growth pattern that exists today,without paralyzing the suburban options. All of the elements listed In the Durham County Bus and Rail Investment Plan are fiscally constrained. The Plan has been conservative In revenue assumptions and-through added contingencies for capital and operating expenditures. The plan has been shared with the general public,Durham City Council,the DCHC MPO and the Durham Board of County Commissioners. The plan was considered and approved by the DCHC MPO,the Triangle Transit Board of Trustees,and the Durham County Board of Commissioners in June 2011. The Durham Board of County Commissioners set November 8,2011 as a referendum date. Once a voter referendum passes and the one-half cent sales tax is levied,work can begin on Implementation of the Bus and Rail Investment Plan. Pagel 16 EXHIBIT A pg. 18 of 69 ag $ sggg Bill c'r�ow aron� �6 w��a�BFi�F! Kgv7 '$r all N 99999 5 N N N N M H N H M S N;N N N N um w w lll w w w c a e5. I gill, E t EXHIBIT A pg. 19 of 69 F- 3 E E E Im S it o � �x c srd a� � a EXHIBIT A pg. 20 of 69 The Bus and Flail Investment Plan in O County Chel Hlll Finsil u i i Revised: 9.'27 2012 Adopted: 10.2 2012 I I i EXHIBIT A pg. 21 of 69 The Bus and Rail Investment Plan In Orange County I. INTRODUCTION 3 11. TRANSIT STEPS LEADING UP TO THIS PLAN 4 III, PLAN ELEMENTS 5 A. PUBLIC TRANSIT PROVIDERS B. NEW BUS SERVICE C. NEW BUS CAPITAL INVESTMENTS D. HILLSBOROUGH AMTRAK STATION E. NEW LIGHT RAIL SERVICE F. MARTIN LUTHER KING JR.BOULEVARD BUS LANES IV. MAPS 11 V. ORANGE COUNTY REVENUES 20 A. ONE-HALF CENT TRANSIT SALES TAX B. $7 COUNTY VEHICLE REGISTRATION FEE C. $3 REGIONAL VEHICLE REGISTRATION FEE D. REVENUE FROM REGIONAL RENTAL CAR TAX E. STATE GOVERNMENT FUNDING F. FEDERAL GOVERNMENT FUNDING VI. ORANGE FINANCIAL PLAN DATA 23 VII. AGREEMENTS 23 VIII. NEW STARTS PROCESS 24 IX, ALTERNATIVE PLAN 26 X. CLOSING SUMMARY 26 XI, APPENDIX 28 9/27/2Q12-Page 12 EXHIBIT A pg. 22 of 69 The Bus and Rail Investment Plan in Orange County I. INTRODUCTION Orange County has achieved an enviable quality of life at the end of the first decade of the 21't century. Recent accolades include its ranking as the one of the best place to live by Money Magazine,July 2010,one of the best places to start a business by Entrepreneur Magazine,August 2009and one of the best places in the nation to raise children by Business Week,December 2010. Orange County is nationally known for Its excellent public education systems.Two districts serve the residents of Orange County: The Chapel Hill-Carrboro City School System and the Orange County School System.The University of North Carolina at Chapel Hill consistently ranks among the great institutions of higher education in the nation, most recently honored by US News&World Report. With these successes comes growth in population and increased pressure on our roads and highways. Since 2004,the Triangle has moved from 46th largest metro area in the nation to 40th in 2009,and our vehicle demand on freeways Is up by 28%over those five years. Recently,our region was named the 3`d most sprawling urban area in the country among the 83 areas studied. In 2009,the Joint Long Range Transportation Plan for 2035, by the Durham-Chapel Hill- Carrboro Metropolitan Planning Organization(DCHC MPO)noted that the region's population would more than double over the 25-year period. For the last two decades,the demand on our roads has grown significantly faster than our population. Even with planned highway improvements and likely additional revenues for new roads,it is clear that Orange County and the region will see declining levels of service on major roads In the next 25 year:.. Orange County population grew by 1.6%a year since 2000 and Is projected to grow from the countywide 2010 census of 133,801 to approximately 173,000 by 2030. The economic costs for increasingly congested roads are significant. In Its 2010 Annual Urban Mobility Report,the Texas Transportation Institute estimated that our region has"congestion costs"of almost one-half billion dollars a year. Recently,a May 10,2011 study cited in Forbes magazine found that the Triangle was the urban region in the nation that Is most vulnerable to rising gasoline prices. Enhanced transportation options need to be created to ensure that Orange County's residents of all income levels have access to job centers and commerce. Orange County residents and their regional neighbors are aware of the growth in clogged roads,as well as the accompanying air quality problems,negative economic impacts and the loss of the quality of life we enjoy If these transportation challenges are not met. Local citizens and elected leaders have responded to these challenges,with some assistance from state government,as described in this investment plan. i i i 92712012-Pagel 3 i I i i EXHIBIT A pg. 23 of 69 II. TRANSIT PLANNING STEPS LEADING UP TO THIS PLAN Beginning in 2007,a blue-ribbon group of Triangle leaders(the Special Transit Advisory Commission,or STAC)met for over a year and in 2008 unanimously recommended a regional vision for bus and rail Investments. One year later,the region's two Metropolitan Planning Organizations(MPOs)fully incorporated the STAC recommendations into a long-range(25- year)transportation plan. In August 2009,Governor Beverly Perdue signed Into law the Congestion Relief and Intermodal Transport Fund Act(HB 148),legislation that allows Orange,Durham and Wake counties to generate new revenues for public transportation. These new revenues can include a one-half cent sales tax,If approved by the public through a referendum,as well as an additional$10 in local and regional vehicle registration fees. Over the last two years,Triangle Transit staff has worked with municipal,Orange County,the MPO and other regional transportation staff to develop a detailed,25-year plan for new bus and rail investments designed to provide greater transportation options for residents and employers. These Investments would positively impact traffic congestion and al quality,and support local land use policies. This plan Is the culmination of that collaboration and proposes crucial public investments and services to maintain our quality of life and economic vitality for the next 25 years. Extensive public engagement has occurred over the two years in the development of the bus and rail elements of this plan. In 2010 and 2011 Triangle Transit and local transportation staff members from municipalities,counties and MPOs conducted a series of 19 public workshops, at various locations throughout the Triangle,on the process and substance of the plan's development. A total of over 1,100 participants attended the meetings and they provided over 500 comments on the plan. Since that time,the project Web site, www.ourtransitfuture.com,was viewed by over 73,000 unique individuals. The Web site houses all of the presentation materials and proposed plan elements. Additionally,the DCHC MPO held five public workshops to receive input on the proposed plan in 2011. In spring 2012,the Orange County Board of Commissioners held two public hearings and two public workshops to provide opportunities for the public to ask questions and provide feedback on the proposed plan. There have been dozens of meetings with citizens,local elected officials,staff and members of the region's MPOs,community stakeholders and business leaders,allowing extensive feedback on the proposed bus and rail elements of the plan. The financial and service elements of this plan are coordinated with the adopted Durham County Bus and Rail 1 Investment Plan. Additionally,this bus and rail investment plan builds on existing transit services and therefore does not eliminate or reduce the current financial and service commitments. { 912 N2012-Page 14 I I EXHIBIT A pg. 24 of 69 III. PLAN ELEMENTS A. Public Transit Providers The Triangle has a number of public transit providers that have been involved,in the development of this plan and will have responsibility to implement the recommendations of the plan upon Its approval. Below Is a brief description of the transit agencies: Chapel Hill Transit is a multijurisdictional agency formed by a partnership of the Towns of Chapel Hill,Carrboro and the University of North Carolina at Chapel Hill,Chapel HIII Transit is responsible for regular and express route and demand response service in the Chapel Hill, Carrboro,and University area.Chapel Hill Transit also provides regional express bus service,in cooperation with Triangle Transit to Hillsborough. Orange County Public Irgnsy2rtation is a county agency that provides community transportation In unincorporated Orange County consisting of demand response service and circulator service within Hillsborough in cooperation with the Town of Hillsborough. Orange County Public Transportation is responsible for providing transportation services to all residents of unincorporated Orange County,the Town of Hillsborough and a portion of the City of Mebane with destinations within and beyond Orange County's borders. Triangle Transit is a regional transit agency serving Wake,Durham and Orange counties. Triangle Transit is responsible for providing regional commuterexpress and demand response service connecting Wake,Durham and Orange counties B. New Bus Service Representatives from Orange County,Chapel Hill,Carrboro,Hilisborough,The University of North Carolina at Chapel Hill,and Triangle Transit have worked collaboratively to develop a comprehensive bus service improvement plan that supports the effort to improve public transit In Orange County.The group identified a range of services that would address county- wide transit service needs.Identified servlces were ranked and prioritized based on a set of goals and strategies. Goals include: • improve overall mobllity and transportation options In the region • Provide geographic equity ! • Support improved capital facilities • Support transit supportive land use • Provide positive Impact on air quality Strategies to accomplish these goals include: a Improve connectivity • Increase frequency in peak hours • Improve weekend,night services{off peak) 9/2 7/2012•Page f 5 j ; EXHIBIT A pg. 25 of 69 • Enhance existing service • Maintain existing services • Maintain level of local funding at no less than the August 1,2009 spending level Over the course of the plan,a new half-cent sales tax would enable delivery of a total of 40,950 additional bus hours in Orange County. By comparison,Chapel Hill Transit currently provides 190,000 annual bus hours and Orange Public Transportation provides approximately 13,000 annual bus hours.The projects will provide benefits to all areas of the county by enhancing urban and rural transit services. Bus Improvement projects were classified by type of service: • local bus service-service operating within Orange County boundaries • Rural or Non-urban service-new or supplemented bus service in northern and western portions of the County. • Regional service-service operating In more than one county or between separate urban areas.Note:Costs and expenses for regional bus services traveling between Durham and Orange counties are shared on a 50-50 basis by Durha n and Orange counties in this Plan. First Ffm Years fallaw/na successful sales tax refgtendum An investmentthat equals about 34,650 bus service hours will be provided during the first five years. Improvements will Include., Improve connectivity • New regional service connecting Carrboro,Chapel Hill,and Durham • New regional express service connecting Mebane,Hillsborough and Durham Increase frequency in peak hours • Enhanced services in the US 15/501 corridor between Durham and Chapel Hill for Chapel HIII Transit,Triangle Transit,and DATA • Improvements In the NC 54 corridor transit service • Increased peak hour service on Triangle Transit Route 800 between Research Triangle Park and Chapel Hill • increased peak hour service on Triangle Transit Route 420 between Hillsborough and Chapel Hill Improve weekend,night services(off peak) • New Saturday service on the in-town Hillsborough circulator • Expanded local Saturday service in Chapel Hill,Carrboro and UNC • Expanded regional Saturday service on existing Triangle Transit Route 405 between Durham and Chapel Hill and Triangle Transit Routle 800 between Chapel Hill and the Research Triangle Park j I • Expanded regional Sunday service on existing Triangle Transit Route 405 �i between Durham and Chapel HIII and Triangle Transit Route 800 between I Chapel Hill and the Research Triangle Park • New local Sunday service in Chapel Hill,Carrboro and UNC • Expanded local evening service In Chapel Hill,Carrboro and UNC 9/21/2012-Page 16 i i EXHIBIT A pg. 26 of 69 Bus Service Enhancements • Enhanced rural transit service in unincorporated Orange County Maintain existing services consistent with state law • Revenues from the County vehicle registration fee of$7.00 as identified In the plan(see page 21)will be used to support existing bus service • Continue weekday hourly service on the in-town Hillsborough circulator •8 Routes provided by Chapel Hill Transit,mayor may not,be included In the plan. Chapel Hill Transit and its partners will determine which of the Improvements will be included after further public Involvement and analysis. Year six and beyond following successful sales tax referendum An additional 6,300 new bus service hours will be provided between year six of the plan Implementation through the end of the program(year 2035)bringing the total to 40,950 total new bus hours, Improvements include: Increase frequency In peak hours • Increased peak hour service on Pittsboro—Chapel Hill Express • Increased peak hour service on the existing Triangle Transit Route 800 between Research Triangle Park and Chapel Hill • Increased peak hour service In Chapel Hill,Carrboro and UNC Service Enhancements • Continued enhancements to rural transit service in unincorporated Orange County i 9/21/2012-Page 7 I I I I EXHIBIT A pg. 27 of 69 The following chart depicts how revenue will be appropriated initially to the various transit providers—Chapel Hill Transit,Orange Public Transit,and Triangle Transit. Ii I i 8,200 CHT 24% I OPT 4,118 * 1296 22,332 TTA 64% Provider Hours %Share of Revenue CHT 22,332 84% OPT 4,118' 12% TTA 8,200 2496 Total 541050 10096 Operating Cost for TT/CHT Is$971 hr;OPT cost is$581 hr *The above chart uses a blended formula for operating costs.Since operating cost for OPT are currently$58/hr,the 4,118 hours will result in 6,887 hours at that $58/hrrate. See Appendix for more detailed information about specific bus routes and proposals 9/27/2011-Page 18 EXHIBIT A pg. 28 of 69 C. New Bus Capital Investments • Park and Ride lots • Bus shelters In both rural and urban areas of the County • Real-time passenger Information signs and technology • Bus stop access improvements such as sidewalks va For financial Information about these proposed investments please see the Appendix. D. Hillsborough Amtrak Station The plan will provide local funding to support the creation of a passenger rail station In the Town of Hillsborough. The Rail Station Small Area Plan Is a conceptual site and land use plan for the 2D- acre tract of land owned by the Town located off of Orange Grove Street. The proposed land uses Include a rail station building with space for municipal meetings and a police station;a fire station,and space for a civic arts center.On the eastern portion of the site,high-density commercial and residential land uses are suggested. Phasing options have been considered as well. In addition to the conceptual site plan for the Hillsborough tract,a general transportation network and set of land uses is proposed for the adjacent Collins property. For financial information about this proposed investment please see the Appendix. 9/2 7/2(112-Pagel 9 EXHIBIT A pg. 29 of 69 1.1 .11 !!lIIA#lIAI" 4.1.1 u rrrrsmn.wa�n.w: �j'i'•PHASE II �r r •�?ll; / . rer. I ` •�ir+: •..+�F:•'Z _ tF1'Y, r��� l •��+1.:'�i(,r"'ri�i'�• �:r" •�, �'j:yl' ,,��;%br �::�1;,�.�G�'!�1`'�, - ,' R i ,fi! f• iA${ If 4 lX .ir. f'A$Fn,yl'II:y; `•�` •� t}'� r,P,t �r•�•^, ✓� Y S w-�F `IHq-^+L 1' �' '�� y ..5 •I J i ?-Page 10 I I EXHIBIT A pg. 30 of 69 E. New Light Rail Service The Orange County Bus and Rail Investment plan provides funding for a fixed guideway transit system that would connect Durham and Orange counties using Light Rail technology(LRT). The 173-mile alignment extends from the University of North Carolina (LING)Hospitals to Alston Avenue/NCCU in East Durham. A total of 17 stations have been proposed including a station at Mason Farm Road,Hamilton Road,the UNC Friday Center, as well as a potential station at Woodmont/Hillmont or Meadowmont in Chapel Hill. Stations in Durham include Patterson Place along US 15-501,the South Square area,at Duke Medical Center,Ninth Street,and downtown Durham,with convenient access to nearby bus and Amtrak Intercity rail connections. Due to the light rail vehicie's capabilities and the requirements of the activity centers and neighborhoods being served along the corridor,light rail stations are routinely spaced between X mile and 2 miles apart. Light Rail vehicles are electrically powered and travel at speeds up to 55 mph. The total travel time for the 17.3-mile alignment Is about 35 minutes,including stops. The vehicles are approximately 90 feet long and can operate in both directions.Additional cars can be added as the demand increases. Recent 2035 projections indicate that ridership will exceed approximately 14,000 boardings per day. These projections are subject to change as the demand model Is refined and as development,population and employment changes are recognized. Light rail vehicles can operate in exclusive right of way,as well as along urban streets,and characteristically serve accessible low platforms(14 inches high)at each station. The operations plan for the 17.3-mile alignment includes train frequencies(headways/e.g. time between each train)of 10 minutes during the morning and evening peak and 20 minutes during the off-peak hours and on weekends. Vehicles will operate on an 18-hour schedule each weekday. Several potential light rail vehicle maintenance facility locations are being evaluated.Detailed alignment and station location decisions will be made at the end of Preliminary Engineering. The total capital cost for the Durham and Orange Light Rail Project is approximately $1.378 billion(2011 dollars). Orange County's share is$316.2 million in 2011 dollars, which is the same as$418.3 million in Year-0f-Expenditure(YOE)dollars. Operations and Maintenance costs are estimated at$14.44 million/year(2011 dollars). Orange County's share of the Operations and Maintenance costs are$3A6 mllllon/year(2011 dollars). For Orange County's share of the capital cost of the Light Rail project the total cast allocation Is Orange County 25%,and an assumed State participation of 25%and Federal Participation of 50%. Cost estimates for the light rail project have been developed with multiple conservative assumptions.Included in the$1.378 billion total project cost are the following contingencies: • 30%contingency on all civil engineering construction costs(stations,sitework, track,yard&shop) a 20%contingency on systems(signals,electricity,communications) 9/27/2012-Page 111 EXHIBIT A pg. 31 of 69 • 10%contingency on vehicles • Additional contingency on all soft costs(Design/Architectural/Engineering) Beyond these line-Item specific contingencies,there are also two general contingency line items,one that is equal to 5%of construction cost and another that Is equal to 5%of the entire project cost. For financial Information about this proposed investment please see the Appendix. F. Martin Luther King Boulevard Bus Lanes and Corridor Improvements This Investment provides for corridor Improvements for buses on Martin Luther King (MLK)Boulevard from Interstate 40 to UNC,using a combination of exclusive lanes and other forms of preferential treatment. It will make bus travel times more reliable In peak periods. Existing buses operating in the MLK corridor will be re-routed to take advantage of the enhanced facilities. Orange County's cost for the bus lanes is anticipated to be$22 million In$2011 dollars, which Is the same as$24.5 in YOE dollars--according to staff at Chapel Hill Transit. This project assumes 25%of the funding will come from the State and 50%of the funding will come from the Federal Government. Since the bus lanes will be used by existing services, they do not generate any additional operational costs within the plan. For financial information about this proposed Investment please see th?Appendix. IV. MAPS: The series of maps listed below articulate proposed Investments in both bus and rail throughout Orange County. a. Chapel Hill Transit Weekday Service Improvements b. Chapel Hill/Carrboro:Saturday Service Improvements c. Chapel Hill/Carrboro:Sunday Service Improvements d. Improved Bus Service In US 15/501 and NC 54 Corridors e. Orange County Transit Plan:Proposed Regional Bus Service Improvements f. Proposed Hillsborough and Rural Bus Service improvements g. Durham-Orange Light Rail Transit Project h. Improved Bus service on MLK I. Regional Integration of Orange,Durham,and Wake Transit Plans 9/27/2012-Page 12 EXHIBIT A pg. 32 of 69 Created by Chapel REI andt Weekday Service improvements Td C. �or. !` {:f,J f Ea9tgate University Mal tt . �zS. :y ;r f, ip l •�.. . UNC Carr Mill :� � _ _� �jC_1 I•— � . rew cu Rose ,.1_ .� _ raw DRDUh 7 N i R+,w 'c__:a Pain 1 1.a �� aio u6 ReVfr ' $ e'anl,n Id RouN �...."•- �HJ?ow - : •Improve evening service(A,cm,cw 0.F,0,Ni, W Rout ,1 �•% :-.r;. NU,J,N,Ni,NU,6.U,V,T► mto s F� n •Odad the taws T Rw(t t•...;` -Make the sahedUes more oensls>tent a Rana Intprove eUtilln a Portion of the Ands to sustaln the Anwaiel V��• stahllityy of the eyetsm a increase peak-Iour service va. .m pw wu K •Add service frequency on routes that a sP etnae Cinoaroiuw.umu overloading dtrkV the rush hour (naoa hM To.nlmas 9/27/2012-Page 13 i i i EXHIBIT A pg. 33 of 69 Chapel HilllCarrboro: Saturday Service Improvements ExNtk10 f9arvlaa Charaetotbtlas: O , •Operates&OOam-0:30pm • 80 defy mvioe hours iko�iopd hnprownleMe: ' Re-design routes Double the a>ds*p eery" FApand gwaUng howa •Irnprow$WOO frequency •Add up t0 70 daily suvloa tnua as w rdwrelty Mall Ca � I� 0 TaturdayImprovements ma Trr«ler*QVAaaa O W1 Nib C+rber� sve.0 s�rnrgCFrc teMOpaavp� etanenaraa nn rw art Lm Created by Chapel HiH Traosft O a .e 1 is 9/2 7/2012-Page i la i EXHIBIT A pg. 34 of 69 Chapel HIIIICarrboro: Sunday Service Improvements Wan fervla ChersoserMlosr •OWsto.10:3Gam•11 AOpm D when UNC k In session •22 dally service hours Proposed improvepmrits: •Oseign end implement now routes •Adjust e>dstinp routes •Add up to 98 deb saryloe haws 1 Pip" AUAWWeay Mau a .Cer.IWU ♦ X,Nc bundsy improwmsnq © Q TilrNN l.ounaw GhgH H1� slws trntlp CM bR �4lsdre ksdy V —Gi+bW avM•f i1V l r,dmfUs o vt b-d Us Lots Created by Chapel Hill Transh Q a s r a Wlss- I I i 9/27!2012•Page is i i EXHIBIT A pg. 35 of 69 Improved Bus Service in US 151501 and NC 54 Corridors O US 791501 C 4dorlmprovements: Redeelpn CL aM D Extend wMoe to conneotto Uumanl • NOW conroMMs with repbnal swce Improve tnxWoy In selvlce hours CsreUneKertlr Beata Q 1NNverelty a v Carr INtI A UNO aRTen MLK NC 54 Comdor nProvowente: ce"O nn 0 M 101 LmOs yx •Add vehicles In the oorrW canbom to meet Fark-and•Ride demand wab •Identify MOM 8etellteWWRO cutw«we.ya.�ee. (UAllteexletinplate) 1e van R ntit Wd R • ich LOU treated by Chapel MIN Tr ft Irtea l i i 9/27/2012-Page 16 I EXHIBIT A pg. 36 of 69 Orange County Transit Plan;Proposed Regional Bus Service Improvements ..................... . . . ..... .... . . .. .. 0 ` 1 LEGEND ,... !Trl angle Counties Orangeftweshlps N/ ";. is;,. d 'r `4Y•k'� i...... HluswWoh 40 at O BhooHlll 1114N1s Hihdieleyh Eaprou illl Durk Tech wntown * -Curboro Chepel HAI-Purhem Orange Campus j Durham ;i':.r "r-�' ^•YaGneHgeborauoh•Duko-0urhem �1 _Ch+pel Hill.goulh Durham-RTP ( r Oka i 5 �, lHlnsborauoh•Chats Hill NCCO r e WP:�Wtld eC atohmsntllra asg P-RLets. •I• ,•p -� .rr. PotentlelP•RL*% j ti� Other 1 i �� •.., 1010 Residents Per 3q.Mile 0 to 240 160 to goo NC i jgoo to 1,000 t' I _•1A00b4A00 .._........... ..._ t is:: 000bg•goo RTC d� aoo b 8.000 ' M$000 to 10.000 10,000 end above 0 Le g 7.6 Mlles Created by Triangle Transit April 23'2012 9/2 712012-Page ( 17 i I EXHIBIT A pg. 37 of 69 Qrangs County Transit Plant Proposed Hillsborough and Rural Bus Service Improvements a� _tom; v 1��• — VL V VKMAh MOM LEGEND I �fitgl HII HDDIO clop Q6lrnnd OPT 004A*$W9 0 7 f 0 as �� wits Created By Triangle Transit 9/27/2012-Page 18 i 1 EXHIBIT A pg. 38 of 69 'A h Q tan,WUxowl. t.�; •.,• eer.e HlobeSkWW • WJmld Corddw 119M WII Saelen ���� � CrNr vr/y Al—v NN 7,1.1lM Wuslwon �)amaraew lY1W\UU W MMW I �tOeMtINd MIgeM . wa:tbtfo ka4 Vnivrnq of lb�lAGmbr .rr• uthryelWB, dr' i Our Transit Future :1 i e I i 1 { 9/27/2012-Page 19 i i i EXHIBIT A pg. 39 of 69 Improved Bus Bervice on Martin Luther King Jr.Boulevard BRT w s gsaa►le,high perlomNna lFu6mk� -.*y . bus service that combines merry © . chalsohm sda olgght nil Including physical,opsrating,and system elements Into a piftwsMy Int►grabxl bug syatent *M a wallty low"end unique Identity. Characlartatles: •"VI capecky buses •140 hqumay isMcs •Oedieatsd lines •Upwaded sWors cerelms Nom ♦ _ lastq�u •TechndVy •Easy We Payment Un)We Mardlty ` UnNmny Ma A o yl Ak Cm MU A e ~ 0 4 URT an MLK �a Trfa•WCOMM" VNPr1111 • AX Is a prime wrldor to introduos SRT car• •CHT has NWIno In plies tobdgnAhmaavesAnalyeia(AA) •AA mmswlll be pulled by Chapel Hill 2020 recornmendatlona Gre*M by CNpel Hill7ruvk I I 1 1 f t 9/27/2012-Page 20 I e - i i EXHIBIT A pg. 44 of 69 ty ` r C All WARFwal .,> QaVd NII' VT' Regional 1 of Ordnige,Durham. .coy oil P rCn�nQOyTrknjkTruislt i W27/2012-Page 21 EXHIBIT A pg. 41 of 69 V. ORANGE COUNTY REVENUES A variety of revenue sources provide the funding for the Orange County Bus and Rail Investment Plan. Those revenues include: e A new one-half-cent sales tax in Orange County e A new$7 vehicle registration fee levied by Orange County e An Increase of$3 to the existing$5 vehicle registration fee currently levied by Triangle Transit in Orange County e Revenue from Triangle Transit's rental car tax e NC State Government contributions e Federal Government contributions In addition,local funding of current transit services will remain in place. The initial proceeds for a FULL YEAR of each local revenue stream for Orange County in 2013 for transit are assumed to be: e A-cent sales tax: $5.0 million e $7 vehicle registration fee: $788,000 e $3 vehicle registration fee Increase: $338,000 e Rental car tax revenue: $582,000 Growth rates assumed for each revenue source: e %-cent sales tax: o Growth rate from 2011 through 2014: 110% o Growth rate from 2015 through 2035: 3.6% e $7 vehicle registration fee: 2.0% e $3 vehicle registration fee Increase: 2.0% e Rental car tax revenue: 4.0% A total of$25 million would be borrowed over the life of the plan. This borrowing would cover for the large capital expenditures which occur for 3 to 4 years of construction of the light rail component of the plan. Any borrowing would be from capital markets through government bonds,would require approval by the NC Local Government Commisslon,and would have to meet debt to revenue ratios required by the capital markets for bond issuance. Further details for each revenue source follow. A. One-half cent sales tax In Orange County A one half-cent sales tax in Orange County means that when individuals spend$10.00 on certain goods and services,an additional five cents($0.05)is added to the transaction to support the development of the Bus and Rail Investment Plan. Purchases of food,gasoline, medicine,health care and housing are excluded from the tax. A one half-cent sales tax in Orange County is estimated to generate$5.0 million in 2013 if active for the full year. Discussions with the NC Dept of Revenue indicate that in the first year 9/27/2012-Page 122 EXHIBIT A pg. 42 of 69 of the plan,the revenue streams may not be active until April 1"instead of Jan uary 1". The figures in Appendix G;Revenue reflect the partial first-year levy of both a A-cent sales tax and a$10 vehicle registration fee Increase. Overthe life of the plan to 2035,the sales tax Is expected to generate approximately$163 million in Year-Of-Expenditure(YOE)dollars. This tax can only be levied subsequent to a referendum by the Orange Board of County Commissioners and approval by the voters. Revenue from the%-cent sales tax Identified In the Bus and Rail Investment Plan for Orange County can be used for financing,constructing,operating and maintain local public transportation systems. The funds can be used to supplement but not supplant or replace existing funds or resources for public transit systems. B. $7 Vehicle Registration Fee in Orange County A seven dollar($7)vehicle registration fee in Orange County means that when an Individual registers a new vehicle or renews the registration for an existing vehicle in Orange County,an additional$7 per year Is added to the cost above the other required registration fees for that vehicle. The seven dollar fee in Orange County is expected to bring In$788,000 in 2013 if Implemented for a full year. Discussions with the NC Dept of Revenue indicate that in the first year of the plan,the revenue streams may not be active until April i"Instead of January 1". The figures in Appendix G:Revenue reflect the partial first-year levy of both a%-cent sales tax and a$10 vehicle registration fee increase. Over the life of the plan to 2035,the seven dollar fee is expected to generate$22.5 million in Year-Of-Expenditure(YOE)dollars. The Implementation agreement will articulate how this revenue can be utilized: C. $3 Vehicle Registration Fee Increase for Triangle Transit in Orange County A three dollar($3)vehicle registration fee Increase in Orange County means that when an individual registers a new vehicle or renews the registration for an existing vehicle In Orange County,an additional$3 per year is added to the cost above the other required registration fees for that vehicle.An existing$5 fee for vehicle registration supports activities of Triangle Transit,including bus operations and long-term planning.This fee would be Increased to$8 when the$3 increase is implemented. The three dollar($3)fee In Orange County is projected to generate$338,000 in 2013 If Implemented for a full year. Discussions with the NC Dept of Revenue indicate that in the first year of the plan,the revenue streams may not be active until April 1't Instead of January 1't The figures in Appendix G:Revenue reflect the partial first-year levy of both a Y2-cent sales tax and a$10 vehicle registration fee Increase. Over the life of the plan to 2035,the three dollar ($3)fee is expected to generate$9.7 million in Year-of-Expenditure(YOE)dollars.The Implementation agreement will articulate how this revenue can be utilized. D. Revenue from Triangle Transit's Rental Car Tax 0%27/2012-Page 123 EXHIBIT A pg. 43 of 69 Triangle Transit operations are partially funded by a five percent(5%)tax on car rentals in Wake,Durham,and Orange Counties. Under existing policy adopted by the TTA Board,50% of the rental car tax revenues are dedicated to advancing long-range bus and rail transit. Since a significant portion of all cars rented and driven In the three counties are rented at the ROU International Airport,it is difficult to determine which rentals are driven primarily in one county or another. Therefore,the 50%rental revenues dedicated to long-term transit were allocated by county according to the percentage of population in the Triangle Region,which is:Wake(68%);Durham(21.5%);Orange(10.5%). The Triangle Transit rental car tax proceeds directed to project developmevit in Orange County are estimated to be$582,000 In 2013. Over the life of the plan to 2035,the rental car tax is expected to generate$21.3 million in Year-of-Expenditure(YOE)dollars•for Orange County. E. NC State Government Funding The plan Includes a 25%capital cost contribution by the NC Departmentof Transportation (NCDOT)for both light rail and commuter rail projects in Orange County. This level of participation was established by the State in Charlotte's Lynx Blue Line light rail project in 2003. The plan assumes that NCDOT also pays for 10%of bus capital costs(replacement buses,new buses,park and ride lots,etc)consistent with its current practices. Over the life of the plan to 2035,the contributions of NCDOT are expected to total$130.6 million in Year-of- Expenditure(YOE)dollars in Orange County. F, Federal Govemment Funding The plan assumes that the Federal Government contributes 50%of the capital cost for the light rail project in Orange County. This was the federal level of participation In the Charlotte Lynx Blue Line light rail project and is consistent with federal funding outcomes for most rail projects In the Federal Transit Administration's New Starts program in recent years. The plan assumes that the Federal Government also pays for 80%of bus capita I costs, consistent with its current practices,and continues to provide operating appropriations consistent with present Federal Transit Administration operating grant formulas. Over the life of the plan to 2035,the contributions of the Federal Government are expected to total$248 million In Year-of-Expenditure(YOE)dollars in Orange County. G. Transit Fares The plan assumes fares for all operating agencies remain unchanged from the existing fare structures. • Light Rail farebox recovery ratio:20% • Triangle Transit bus farebox recovery ratio:15% • Chapel Hill Transit bus farebox recovery ratio:0% e Orange Public Transportation bus farebox recovery ratio:3.5% 9/21112012-Page( 24 i i EXHIBIT A pg. 44 of 69 H. FTA Formula Funds The plan assumes that new bus serviceswill receive partial operating and capital cost contributions through existing formula programs established by the Federal Transit Administration(FTA),and that transit agencies in Orange County will receive those contributions in accordance with historical pattems of funding that existing transit services have received.Over the life of the plan to 2035,FTA Formula funds are expected to total $70.9 million in Year-Of-Expenditure(YOE)dollars in Orange County. I. Additional Revenue Sources This draft Bus and Rail Investment Plan does not rely on additional municipal contributions, public or private third party contributions or value capture forms of revenue. VI. ORANGE FINANCIAL PLAN DATA The following is a list of the total spending for each technology and category identified in the Orange County Bus and Rail Investment Plan to 2035.All figures are in Year of Expenditure dollars(YOE)unless otherwise noted. • Light Rail Capital:$4183 million($316.2 million In 2011 dollars) • Light Rail Operations:$59.1 million • Bus Capital: • MLK Bus Lanes-$24.5 million • Miscellaneous Bus Capital Projects-$6.7 million • Buses purchased-$17.6 million • Bus Operations:$106.8 million • Hillsborough Intercity Rail Station:$8.9 million($8.0 million In 2011 dollars;Orange County will only be responsible for a 10%matching contribution to total cost) • Amount of debt service payments made by Triangle Transit through 2035:$19.2 million Note Regarding Borrowing:Amount borrowed by Triangle Transit to execute the plan:$25 million(this number Is larger than the line above because debt payments are over 30-year terms and continue past 2035) Additional specific financial Information on each of these plan elements can be found In the Appendices. VII.AGREEMENTS I IMPLEMENTATION AGREEMENT:ANNUAL REVIEW AND CHANGES TO THE PLAN The Bus and Rail Investment Plan in Orange County details the specific elements of local and regional bus service,and Light Rail service to be added In Orange County over a 23-year period. Because of the longtime frame for implementation of the Plan and Its major capital projects,overtime there will be changes and revisions made to the Plan. As the statutory implementation agency,Triangle Transit will work with Orange County,the OCHC Metropolitan Planning Organization(MPO),and the towns of Chapel Hill,Carrboro, 9/27%2012-Page( 25 i EXHIBIT A pg. 45 of 69 Hillsborough,the University of North Carolina at Chapel HIII and Chapel Hill Transit,and the public transit provider in Orange County,to develop and execute an Implementation agreement which details the following aspects of implementation of the Plan: (a)Annual review presentations of the activities and progress made in Implementation of the Plan by Triangle Transit to the County,TTA Board and the MPO; (b)The process for review and vote by the County,the MPO and Triangle Transit's Board of Trustees of any significant or substantial revisions to the Plan required by changes experienced in revenues received,capital costs,operating expenses,or other substantial Issues affecting the Plan; (c)A recognition and preservation of decision making responsibilities of the operating agencies; (d)ResponsibiNty of Triangle Transit for direct disbursement of funds from the revenues received per Section V(above)to the public agency responsible for implementing the bus services set forth in the Plan;and (d)Other necessary provisions regarding implementation of this Plan as agreed to by the County,the MPO,and Triangle Transit. COST SHARING AGREEMENT The capital and operating costs for the 17.3-mlle LRT line will be shared by Orange and ' Durham counties. Accordingly,a separate cost sharing agreement between Orange County,Durham County and Triangle Transit has been developed. The cost sharing agreement sets forth the respective shares of the capital and operating costs that will be paid by each county for this project that cross both county and municipal borders. i TAX LEVY AGREEMENT i One additional agreement has been developed by Orange County and Triangle Transit relevant to the plan. In this tax levy agreement Triangle Transit agrees not to levy the half-cent transit sales tax for Orange County in the event of a successful referendum vote on the sales tax until after receiving a Resolution from the Orange County Board of County Commissioners requesting that the tax be levied. VIII. NEW STARTS PROCESS Federal New Starts Funding Process It is anticipated that Federal funds assisting in the planning and Implementation of the Durham-Orange Light Rail Transit Project would be secured through the Federal Transit Administration's(FTA)discretionary New Starts program. i New Starts is the federal government's primary financial resource for funding transit "guideway"capital investments.Projects seeking New Starts funding—like all federally- funded transportation investments in metropolitan areas—must emerge from a locally- driven,multimodal corridor planning process,as depicted graphically In this chart: I 9/2 712012-Page 26 j EXHIBIT A pg. 46 of 69 admw+,t+.Anaa•M sslaotlan er Pwtinln.,y Locally Preferred Altsmatives P V L nsopinp L I PnllndnsryEnptnwrtnp! C Draft pnvfronmenUl Impact 'Statement(PNDEIn) l N ocay Pfeed V Alternative O i L Preliminary Engineering/ V Final Environmental Impact Statement M E of Deolalon N T Filth amp tpIa4YWal Through the jointly adopted 2035 Long Range Transportation plan by the Durham-Chapel Hill- Carrboro MPO(DCHC MPO)and the Capital Area MPO(CAMPO),transportation corridors in greatest need of more detailed planning and analysis were identified. The Alternatives Analysis(AA),completed in 2011,focused on a set of needs and alternative actions to address these needs,and generated information needed to select an option for further engineering and implementation.In February 2012,the DCHC MPO selected a 17.3-mile light rail corridor from East Durham to UNC Hospitals as the locally preferred alternative(LPA). Triangle Transit,as the local project sponsor,will submit to FTA the New Starts project Justification 9/270012-Page 127 EXHIBIT A pg. 47 of 69 and local financial commitment and request I'Vs approval to enter into the preliminary engineering(PE)phase of project development. During the preliminary engineering phase of project development,local project sponsors refine the design of the proposal,taking Into consideration all reasonable design alternatives. Preliminary engineering results In estimates of project costs,benefits,and Impacts at a level of detail necessaryto complete the federal environmental process. Preliminary engineering for a New Starts project is considered complete when the FTA has Issued a Record of Decision(ROD)as required by the National Environmental Policy Act (NEPA).Projects which complete preliminary engineering and whose sponsors are determined by the FTA to have the technical capability to advance further in the project development process must request FTA approval to enter final design and submit updated New Starts Information for evaluation. Final design is the last phase of project development,and includes right-of-way acquisition, utility relocation,and the preparation of final construction plans,detailed specifications, construction cost estimates,and bid documents. The FTA typically considers a Full Funding Grant Agreement(FFGA)for a New Starts project during the final design phase of the New Starts project development process. A State FFGA will also be requested by the local project sponsor to supplement federal and local funding sources. With all funding secured,construction on the project will begin. IX. ALTERNATIVE PLAN If it Is determined that Federal or State funding for the proposed projects are not available, an alternative plan must be developed. Upon this determination,Triangle Transit will work in collaboration with the citizens,elected officials,and stakeholders from Orange County,Chapel Hill Transit,DCHC MPO and Durham County to Identify next steps toward the development of a revised plan. X. CLOSING SUMMARY The Bus and Rail Investment Plan In Orange County is the result of years of collaborative work among Orange County elected officials and civic leaders,regional stakeholders,municipal and county staff and Triangle Transit. The plan consists of a balance of bus improvements and rail Investmentto help accommodatethe population and employment growth that the region Is expected to experience in the next 25 years. The proposed plan addresses the ongoing need to provide more options to transit riders with Improved and expanded bus and rail connections.Once Implemented,the residents of Orange County will be able to have greater access to jobs,shopping,and activity centers such i as downtown Chapel Hill and Carrboro,the University,or UNC Hospital, 9/27/20 12-Page 28 i I ' I EXHIBIT A pg. 48 of 69 Additionally,the plan will provide core infrastructure Investment that will help support the goals and objectives of local land use plans in Orange County and Its municipalities. In particular,as evidenced in communities across the country,Investment in light rail has proven to be a great motivatorfor private companies to build transit-oriented development at station locations along the rail corridor. This kind of more Intense development generally consists of a mixed-use,walkable environment that can provide a more sustainable alternative to the suburban growth pattern that exists today,while allowing more open space to be preserved. All the elements listed In the Draft Bus and Rail Investment Plan of Orange County are fiscally constrained. At every turn,the Plan is conservative in revenue assumptions and Incorporates contingencies for capital and operating expenditures. The draft pia n has been shared with the general public,Carrboro Board of Aldermen,Chapel Hill Town Council,the Hillsborough Town Commissioners,the DCHC MPO,the Burlington- Graham MPO and the Orange County Commission. The draft plan will be considered for approval by the DCHC MPO,the Burlington—Graham MPO,the Triangle Transit Board of Trustees,and the Orange County Board of Commissioners. The Orange County Board of Commissioners will determine if and when to set a referendum date. Once a referendum passes,work can begin on Implementation of the Bus and Rail Investment Plan, 0 As directed by NCGS 105-510.6,Triangle Transit drafted and developed this Plan, working in collaboration with the citizens,elected officials,and stakeholders from Orange County,the DCHC MPO,and Chapel Hill Transit. 9/27/2012-Page 29 EXHIBIT A pg. 49 of 69 i i J Bus and Rail Plan In Orange County Appendix A: Master Assumption List i i J EXHIBIT A pg. 50 of 69 G G �o g 00 0. vF c 11p: O N m n h N N v VV} ,Q N N w N Q N 'C LU m od Is _ �g ae 9 m �i LJR LO 0 c �- (0 = O Q�i, O� t'' u� ~ tQ0 001 `"i ,1 L1 Ln N y y0 An O m N N �p�r N M a N N N Ai _ e V►N N V►N Z � ,.�3 N c a CA C t0 .g $ • e (L o a I c E r Ti C. N s t _ � � � Q a ~ 0 y c `ate' a Ea 0 ! E a ,u E R ME V7 °� c c ,�., p m E E _N c C $ � �' v s C ' x ' �IA m V1 C g IA �y F- F- G F = N C O' 2 Q N r 6 CL c 'Q v c L u°7 w M, Od7 `� R to t9i� 0 0 1 $ E + N E > t ? LL Q CD cc 2 �{ a� d o e 3 A e e e a c x ««, Zh000 . A r : i i EXHIBIT A pg. 51 of 69 i I I TOTAL Plan Revenues and Costs to 2035, and LOCAL Costs to 2035: I All Numbers Are In Year-Of-Expenditure(YOE) Dollars Orange County Plan Revenue,All Sources to 2035:Total Revenue $706.Om 2.246 3.596 ■Sales Tax($162.9m) ■Vehide Registration Fees($32.2m) ■Rental Tax($21.3m) ■Federal Share($247.9m) i 4.6% a State share($13o.6m) 3.0% s FTA Formula Funds($70.9m) Fares($15.6m) �+Bonds($24.5m) - I, How ALL Dollars Are Spent to 2035:Total Cost$659.9m I2.7% 1.0% 2.496 ■LRTCapital($418.3m) I ■LRTOperations($59.1m) l ■Hillsborough Train Station($8.9m) 3.796 ■MLK Bus Lanes($24.5m) 14,E ■Bus Operations($106.8m) a Buses($17.6m) Bus Capital Projects($6.7m) i Debt Service($19,2m) i How LOCAL Orange County Dollars Are Spent to 2035:$268.7m 7.1% ' ■LRT Capital($104.6m) 0.7% l{� ■LRT Operations($29.6m) aiHllisborough Train Station($0.9m) all MLK Bus Lanes($6.1m) a Bus Operations($82.7m) I tt Buses($1.8m) i c+Bus Capital Projects($24.5m) Debt Service($19.2m) 2.396 0,3% Note:small differences and percentages not adding exactly to 100.0%may be due to rounding 1 EXHIBIT A pg. 52 of 69 Bus and Rail Plan In Orange county Appendix B: Proposed Bus Service Enhancements i i I 1 I EXHIBIT A pg. 53 of 69 �:g; � b j ��b b • • �b r.r 05s • LLr,`urd a W EXHIBIT A pg. 54 of 69 OF c.F CL E pmix .............----------- --._.............� .Q CL JX 00 i N O a EXHIBIT A pg. 55 of 69 I I ti s 0 WCW O . t I � H � lilt r EXHIBIT A pg. 56 of 69 E Io J. MLK p 4r t Q � d t �v t CL N ... ,r 3 �� � EXHIBIT A pg. 57 of 69 a 21 1112112 IL uj z �� a r EXHIBIT A pg. 58 of 69 UN a r, � n e�i a I ° I N {p� N N ai rn N V► pp N N in V1 �y p�p n M G M frl � u'1 VS V1 Z N t? Vl :p o I`V n .. 000� rn`' ai v C W a ,r La o RK m F- > ci !. m 1- N m VI J 2 EXHIBIT A pg. 59 of 69 Bus and Rail Plan In Orange County Appendix C: Bus Capital Enhancements i i EXHIBIT A pg. 60 of 69 1 8 m 8 N N r N r I I ry 1 1 I eq pq N M,N 1 1 O O ` fV ' N r � r 1 lY1 fffVVV V ri a go N !V 1 N fV CL - eq m en IA a /jam: N a u � � W is C CL a `^ ro r. C at cc 0 Q C ia R co EXHIBIT A pg. 61 of 69 Bus and Rail Plan In orange County Appendix D : Hillsborough Train Station Expenditures EXHIBIT A pg. 62 of 69 � . _ Jo _ _ m k2 _ � a � t4 _ § CL§ � q , , 4j / 2 2 ` E ` e /� f � ■ a � e d § ® ® 3 § m § 1p � / � 2 \ 2 _ a 0-0 V1. ce LU v § 0 � a bii JR 7 ® zIm 8 $ 2 EXHIBIT A pg. 63 of 69 Bus and Rail Plan In Orange County Appendix E : MLK Bus Lanes Expenditures EXHIBIT A . pg. 64 of 69 _ _ _ _ in ® ® e t � - k � & n _ � / # 2 ® ® ` � R & QQI Q 9 2 K § § A in 2 a _ / 2 . P I 2 / k cl ~ © ■ % / 7t - R ® 7 � i � EXHIBIT A pg. 65 of 69 Bus and Rail Plan In Orange Gounty Appendix F : Light Rail Expenditures g p r i I EXHIBIT A pg.66 of 69 n c L w .n M to V1 Ln n M N M w N in Ll � Ln a N CL 0� m o ,CL M m m V m L a 'C to �► ° C L Yb C N V p N N � N M M P y' W YYY111 g to to f o y io m A O O O Ln EXHIBIT A pg. 67 of 69 i l Durham-Orange Light Rail LPA Acoardinj to the CeetdharkW Aeratment b otween Durham and Orange Counties, t graft Se Caenty's raspoosib11ty for Capital Costs for Ught Aai is a;reed to be 2195%of total proka corM whhh at the time of the aereesaen6Is apWoahnately 5336.2 mllliws, Intledini SfMi rederei end tS%s1He shoes. Oran a Durh m Coun `,-Coun' l Mebane .. Ta , ..Hillsborough - `L ...... t'. %.� < : Durham Chapel Mill.:,"j r Carrboro Legend Proposed LRT Stations N { o x.25 2.5 5 Miles Durham-Orange LRT LPA l i r s l s r s l i EXHIBIT A pg. 68 of 69 I i I Bus and Rail Plan In Orange XUtV Appendix G : Revenues by Year EXHIBIT A pg. 69 of 69 . � o� Q a, a� o, anN roYj1 m � nrRapp� o� �ppc �ovt t0 .-t O O M N O .h'r rri N 0i N n V M ti N VI V1 V/VI 0 to{n VN N N V1 0 VI N VI VI N Vf N N h O V 01 o a n N W tt N N 1A V O n n b cD ri O C nl O O Ln Q .ti O r+ V .ti .a A , N L1 V/N VI VI VI N N N V1 VF N N N VI VI H N N Vt Q1 a 00 OI of n N f� OI N V1 M V, m ,G C O O tJ 0 � O . 1lf O� ri C .K M ri � , �•1 VIN VI VI VI V/V►N V1N NNHHNNNVI VfN N d q 04 00 1f� N N m N !� M rR r4 d O O N � ad O , 01 N � rl M . .-r '"� N VI in N VI VI N VI VI N V1 N VI VI VI VI VI VI VI 44 O 01 a ao ao M l0 ,i �} N .� ,n N n 1 N s► ' iG G N 0 VY V1 0 N N VI VI N V/VI VI 0 H VI VI V}N" oQ aj q r; rn a m .+ o .ti ,n ^1 �4 rl "! w P P P N w Q C W ti O H m , .i ,-r N V1 Vn to N N VI VY VI H N VI N Vt N V1 N VI VI H re wl in V1 C O O N if N O 7E ,-) O .4 M , .4 .1 a C N Vl N VI Vf V}VI VI N N VI Vf V/VI N VI VI N VI N aw anmr. " .i M ,n a - .r yr+ VI Gt O O nl LA O , YO A O .4 M N H VI N 1A VI N VI O N VT VI V}N N V1 V•N VI N ryOQgnV} Pm .+ o r, � aryafrMv�� M $ VI C O fJ n nl C , co .4 O A m N .3 1�1 ffVV •aaaj, N%6 VI V!VI VI VI VI VI V► N VI VI N VI VI N N V•N N O, CS q t0 at ry VI r1 h O, d 4 M 01 M N .� ,n O O O eV � in H►u<VI Vt N V1 V7 V1 N V>VI VF V)N VI VI V!VY N Y o , 'r'4' goac a, ryry i o e 0 ow God �i 10 o � � n .rci '. m .r .i � NNiANNfANN V}44 VI VIN VI VIN VI VINN � D m000Na � o n .aoomnaoa .�+ j C Y ~ r 1p V T N V I V?N N V!N N N N N N VIN N V I VN V I N i 9 1 i § In i i EXHIBIT B tr! via � x k� o� Plan Implementation and Finance I.RRETT WAIVER . zs,oau... Kimley *Horn ` ' to-,r t�w.lmea.,�.�. Rewnnend d WAI Cw 1-1. M_ Plan Implementation and Finance W v Implementation Thesis" transit providers in Wake County have provided guidance and funding to hap develop Ant enhanced transit plan. AN currant services will be expwded es part of this plan and serval new services will be added. The transit agency responsible for operating and "w" n9 eeclu aiwnw t of the Transit M— wr1 be data rated during the next phase of phnnig end design, and will depend on geographic location, type aftedmology, coo. and anticipated efficiencies. Participating parties will enter into a fomW agreement defining roles. responsibilities, and coat Owing for Individual projects as ihy are pureed. During the 11" law months, Wake County and its partners will receive feed*& on the Wele Gnarly Remrvrwrded Transh Plan and begin the mops to appfOMe the governance structures neaassary for adoption of the plan and funding of the projects in it. This will include approval of a plan by Go Triangle and the CAMPO as wall as Wake County prior to the sales tax advisory referendum. The schedule of espial projects within the meter 10 years is dependant on multiple fac tors. indud'ng wcoeaful gram awards. The pmrning and design process may begin for to infrastructure projects OM CRT corridor and the for BRr corridors) wnvkwcously. or it"be p1 , .. Through dot procaas, the corridors will be priorkised based on 4*.sb ty and coat individual projects or WOups of projects will be submiterd for federal gro NW Saes Transportation inprov.mae Program CSTM funding. Since BRr an be built increment*, 'xnprovements --such as new busty signal prom imation, off4xwd fare collection, kwl-boarding static a„ or deal cased b is vsys —can be built in phases, For exWnP , the initial project mey iedude dedicated bu tsways on 50% of the cot idor and adddonat lane—les of dedicated b—sys will be added in future years as time sections of toed are widened. redeveloped at as additional fads become available. Corridors to we an1k*w19d to have NO ridership and fewer physical ooretairrb fdtaaby lower 9 impacts and coats) are ikelyto move faster through the federal funding process. To crate a more useful comrThv;ar, rag project, the CRT fete was assumed to *:tend from Corner to Durham as part of the first phase. A fine ending at RTP. and therefore airnast wronfy in Ware County, was considered. Mowevec successful commuter rag services running only during Peak hours rely heavily on a major dense employment centerwithin %*king distance of salons while NC Sate and dowrtow n Raleigh provide histo a degree, our analysis concluded dug downtown Dtaham and Duica University also need w be on tM loam genaaft strong t wwaj dernend sufficiam fortes One to succeed. jARRETT WALKER ♦ wh....[wr[s Kimley4H= The plar".9 and design of this extomm rag project can take longs than the BRr —. on because to CRT roe would need to be designed and than convected as one project, rather then ineren erRaly. The project will be a collaboration of many partners, notably the federal and state governments, Durham County, the North Carolina ftaiioed Campeny and mtaAdpaides and communrties involved in station plennin% The success of 1h$ project is depardent on the collaboratiorr o(the involved parties. The first few yeas tithe Recom neded Wake County Transit Plan tmrelve 9gnifKant design and furdw study for projects that require significerrt investment. This is to balance careful use of tax pryer dollars with d"ighthuf emm"em in transit The Transit Plan's approach is to use strategic leveraging of federal and stale pads, oo -1-ir ad with existing and new sources of 1oca l fading, to delver projects that connect regionalli, connect VM* County's commu Man provide fraqurnt urban mobility, and "local service. The inpleaneaauon of those projects and the done of them will evolve asthe design and study nwask new inforrrmtim Afar suconsM approval of tM half -cent sales tae advisory referendum, funds would be mfiecsed sorting in the Spring of 2017. some operating items in the Recommended Transit Plan w1 be naieeehle fairly scan. such as including increasing weeiand and evening service and some increases it middy frequency. Odw wo m, Ike new routes ow peak service increases, will be phased in as now buses are acquired and operations are deployed. Small cepitai projects, such as adding bus snips along new routes, can be done Bring the Transit Plan's initial yews The transit budget aBoaters funds towro a range of capital improvements, such as bus stops and stations, nicer buses ad perk and -ride kxa K" adjacent improvements, such as addtknal sidewala, would be paid for by local programs ?1w trwvt partners will work together to develop a detagad im.plernentavion plan that will identify and pnontoe new enhanced bus service and faatiies. Detailed stories wig be conducted for Larger capital projects. The ouaome of these studies will inpt project implemerration. However, puisang service vent continue to operts and enhanced service will begin to deploy while lwger projects are shied and gradually constructed. Financial Plan Details a The Recomnanled Wake County Transit Plan is fiscally constrained and is contingent on a variety of assumptions. The asaampdons will evolve m information is modified and proiections are updated to reflect actual results. The projects included in the Transit Flan will carmine to be atudfed ad new infanenation may irluencetheir cost and timing. AcIck aly, overall irritation assumpbora, availability of local sources of revenue and growth aamunpl orm oompeution for federal funding for projects and wooessfuf amass to capital markets, and regional parawsFtips will continue to influence the overall financial outlook of fin Transt Plan. The following sections detail current assumptions. Sources of Revenue f WFtwnt Salsa Tax for Transit {Article 4M TM largest reaming local revenue source would be a half -ant kcal option sales oar as authofined by MO Z 105.164138. The transit plan assunnes Oat the Wake Canty Bond of Commssionas world vote to piece the local option sales tax fur transit on the ballot , which would be vend an in November 2016, Upon approval by Wale County voters. the sales tax would be adopted and funds would be available in spring 2017. To project ask. c dollars dust wo lid be aveikbla actual Wake County Article 39 gross revenues for fiscal yea 2015 served as the, ban. lens 10% so Article 39 is c1wged on food pachem which arc prolsbibed to be tetrad as part of Article 43. Then, it was assumed that the local sales tax revenue would be half of that aruoum, as Amide 39 is one cant and Article 43 is one hall cent Using the Coumys same awanptbn for sales tax growth that is used in she Coun ys debt and capital inencid model, this amount was grown annaly, by 4%. Accordingly, to dtematives include an awmpnon dart the half -cent sake tax revere &Abble for rrrw transit would be 5785 million in FY 2018 and would grow by 4% annually them Otl+er load Ravery%e Samos trh scs to veh"cfe registration fees also are' —Wed in the assumptions for foal reverttie sources. Gnrertdy. GoTriangle otflects a fee of SS per regsVation tfioughout Wake. Durham and Orange Goumies, lbst is used to support transit activities in this dveelourxy service aura. This fee would irnerasse by $3, for a testa of S0. Second, a new $7 veNkle registration fee would be assessed by the Bead of Commiasianas, as s udromaed by NCGS 105507 Together, the vehicle registration fees would generate approKimately, S&5 Am a yea in fiscal yea 2MB and are projected to grow 2% a year thereafter. I33 z LL z _O LUt— Q F Z W J z jyp J 0. d ICI to Plan Implementation and Finance W v The vehicle renal tau also is included as a revenue source in the transit pYn. GoTriangle aarendy levies a 5%tsx on vehicle centers in Wake, Ourhwr, and Orange Counties. C*7dw Ws Board of Tnrstaes her an awsting policy that 50% of rental revenues are dedicated to experudsng trensit options in the region, while the other 50% is used by Willie gle for operations and opitel needs of the turned sysmm. To dew., no the amount nlocaled w each c7vntyt GoTruengle dedicates vehicle rental revenues based on percent of total popJotlon CsoTnan9Ws current allooetion percentages me 68% for WA& County, 213% for Durham County, and 10.5% an Orange Ceraty. As such, the Wake Canny portion of ad vehicle mental reverwes ik compared to the total needed. 349L The tract plan includes sn essueption that's, tar tau revenue available for newv~ programs. would be $ib mi ion in FY 2018. which would grow by 2S% annually. The trivnit plan also inckdes local revenues from the City of FW69K Town of CwN and GoTnangle tar minting bas operations local bus opwa aces in those jwisdictions would oontree and bus operation s in the herein plan wertdesigned considering dase.xi Wq resources. Accordingly, the transit plan assumes that the kcal contrilubon from each agency would equal eppreuimsmlj $15 million in 2018 and this cant, bution would increase at 2.5% each year. the assumed tape of operating ieratim 7A�e transit plen also includes mdstny federal and state funds allocated directly to Wit" bus opersions equaling apprauimaxy S62 mien, Feed" and State Conti*Vtioes The Recommended Wake County Tranext Plan assumes federal and or state funding for merry planned projects. Significant federal fads ere assumed for the capital casts for bah CRT and BRT -50% of the apital costs am assumed to be federally funded. For Mr, the projects are assumed to suoossafiary compem through tin FTA Capital Improvement hogram Now Slats. Small Scats and Core Capacity knpowement gram program such that overal, the BRT projects included in the transit plan will, on average • uaceivs 5016 federal funds (estimated at S1 73S millicia For commuter nil. R is assumed that, through a regional peruweship by attending the ire into neighboring cocoas, the protect would in cc- aduly compete for W% federal funding (estimated at 544.3.3 miGnc, the Wept County share iruluded in the Fnm9al Prom. Approunattely S24 million of federal funds towrands the saimi3 iort of buses are included in tw plan, which cold also be used towards bus maintenance. in the projects. The transit plan does include S6 million of stem copitid funds towards the a chin ion of buses between 2018 ad 2025- Storting in fiscal year 2024, approximately S1.3 million annually is, -- in stow open" revenue towards BRT services and stating in 2027 approximately S4 million is programmed in state operating revenue towetis commuter red services. No additional atom funds. beyond the currant 112 mullion annually in ecisting stain funding for local bus services are programmed for local bus openicing support. Farebox Revenue Farebor revenue varies by type of sanAce. For local bus service. including Mr, a at%farebooe recovery Cato was used for ridership —,tax 10% far coverage nouns. 3% for artartivem rums, and 0% for loner servicu mateh,16dwWrp estimates will be refined for commuter nil during future studies. The cwrant plan assumes faebox reverwe cf 20% of opvvting expen- lLong -Tote 8c+d Roceeds gw4w . rwenes s, with corresponding debt service experts-, certain capital projects arcdebtfwnded. Cownnternil 's40%debt tended, BRT is 15S%debt funded, and bus inftaatnrtve projects are 31% debt handed. A portion of future projects modeled from 2078 to 2097 are also assumed to be funded with debt By using loagAerm debt, it a knpor int that the modal adhere to ■everal liey metrics+ inekudag adequate operating and capital fund balances to demonstrate wffrdenttiquidrtyto rating agencies and to espial marbvts. The Recommended Weloe County Transit Plan was developed within the contest: of adhering to two bay measures: 11 maintaining nearterm eapedty to service debt from recurring nat revenues, and 2) W, oan debt saarvica coverage. Given the trane3t plat'sfoexs on cWW and signirrcantly increasing local bus sevice. a key measure for the transit plan is a projection of the ongoing abilicy to pay annual debt sarwice given propcted revenue planned capita. and recurring operating expanses. The transit plan mextains net debt service coverage of revenues tuns operating expenses greato t ham 1.25 times annual deb: service and maintains a gross debt setvicti cove -age of revenvrs mere than three times annual debt sarwas scperaaa These are simply modeled a the time. As governance discussions occur. these metrics and ralxtletions will be reivished and updated 134 mws•,.:•,d.d w:u,.: cv,.,.ey T.,e.x ran 2 a 2 w 2 O 1- 4 a- 2 W a Piz �x to tv Federal funds towards operating expenses also 1 Revenues for Expanded Transit Re=Yirnended County PrOjECted OCaI Transit Plan- Smtar�v g in 2026. gVr�aeelyy $19 mdion annually is programmed in federal S1acP0o opetateg revenue towards Bf1T services Sbarpng in 2029, apprmthnatefy $6 mM— Si�0A00 annually is programmed in federal operating revenue towiniseommvterrag services. Another 510000 Si.9 "ion in additional federal funding for jtaocco bus operators is planned starting in 2019 which inasxs to approximately S32 million as kheraesad local bus service rc ughlytriples by w Stc,000 - 2027. State funds are primar+ly limited to Operating for BFiT, S14to0 bard support bas pperatiwns. and commuter rat operatics once these services are in place. To be fiscally comervatiwa, the 2Mr 2013 =9 202- 2021 2012 2029 20M 2025 3126 2W %MMWKied V4" County Transh Plan does nx�s,....rv...rs... m.r,.n...e.+eeswr.w. r..w� +tewMwa.'n+eK•e"ri not include state funds towards the capital costs n,r..wr.oxw.r...wr . re .y...r.•a.rwxrar.xw rsa o,.rv.innex.rrnr for BRT and commuter rem% however the County .yuo.a�ar�arww - w�rer.r and ICs partners would work to achieve such fading wmeeds the projects or components )ARRETT WAIxER • we,..n..wrrs Kimley *Hom tili in the projects. The transit plan does include S6 million of stem copitid funds towards the a chin ion of buses between 2018 ad 2025- Storting in fiscal year 2024, approximately S1.3 million annually is, -- in stow open" revenue towards BRT services and stating in 2027 approximately S4 million is programmed in state operating revenue towetis commuter red services. No additional atom funds. beyond the currant 112 mullion annually in ecisting stain funding for local bus services are programmed for local bus openicing support. Farebox Revenue Farebor revenue varies by type of sanAce. For local bus service. including Mr, a at%farebooe recovery Cato was used for ridership —,tax 10% far coverage nouns. 3% for artartivem rums, and 0% for loner servicu mateh,16dwWrp estimates will be refined for commuter nil during future studies. The cwrant plan assumes faebox reverwe cf 20% of opvvting expen- lLong -Tote 8c+d Roceeds gw4w . rwenes s, with corresponding debt service experts-, certain capital projects arcdebtfwnded. Cownnternil 's40%debt tended, BRT is 15S%debt funded, and bus inftaatnrtve projects are 31% debt handed. A portion of future projects modeled from 2078 to 2097 are also assumed to be funded with debt By using loagAerm debt, it a knpor int that the modal adhere to ■everal liey metrics+ inekudag adequate operating and capital fund balances to demonstrate wffrdenttiquidrtyto rating agencies and to espial marbvts. The Recommended Weloe County Transit Plan was developed within the contest: of adhering to two bay measures: 11 maintaining nearterm eapedty to service debt from recurring nat revenues, and 2) W, oan debt saarvica coverage. Given the trane3t plat'sfoexs on cWW and signirrcantly increasing local bus sevice. a key measure for the transit plan is a projection of the ongoing abilicy to pay annual debt sarwice given propcted revenue planned capita. and recurring operating expanses. The transit plan mextains net debt service coverage of revenues tuns operating expenses greato t ham 1.25 times annual deb: service and maintains a gross debt setvicti cove -age of revenvrs mere than three times annual debt sarwas scperaaa These are simply modeled a the time. As governance discussions occur. these metrics and ralxtletions will be reivished and updated 134 mws•,.:•,d.d w:u,.: cv,.,.ey T.,e.x ran 2 a 2 w 2 O 1- 4 a- 2 W a Piz �x to tv Plan Implementation and Finance Planned Expenditures Plaivned Expeeisibures and To .re fiscal constrains, the Recommended WAN COARY Trarm Plan include; inflaw estimates for project estimates and operating costs Project estimates for WT. commuter rail. bus and buses "Oors offtim stedin MS dollars. Then, projects were programmed aocsordIng to plooned project schodulam and then escalated to year of expenditure using an inflation factor af4%. Local bin cpom*V hours were calculated in 2015 do&m and then escalated at ZM Operating coats for cornmuter red and WT Were estimated on 2015 dollars, and than inflated so the yew the projects would begin, again using an inflation factor of 259L. The Remmmendad Wake County Transit Man contemplates a total of SIA b^m of coliita] projects by 2027. A summary of an capita expenditures a shown in Figure 26. COM"Mor RNA capital EMUMMUMets The Corrm~ Ptsil capital expendsures include the vv," Courny Owe of correnuter rail. The Trarmit Plan proposes up to eight vains in each park with two mid -day and two :n tie Min each direction (-248- 2) . The final service hours and frequencies win be determined during the future alternatives analysis. To be ooneervative. Included in the %;W plan a; an estimated 8-2&2 comnvw rail service %4 f would operatefrom VV*g Durham to Games within the ausft Norlolt Southern Railroad owdor fawned by NCM Cornpanyl by adding additional trans and focities. This would cornsnue to be studied and refined during the first years of the Transit Plan, to corm 9 thk Is the most viable approach and it subject to funds from our partners and suocessM fed" fund". OU capkal elloolack- The ORT Capitol Exparbckores w4ude four BlTr corridors totaling SW mom between 20I8 and 2023 as Ova" below. Donors programmed inducing planning and design, construction, and acquisition of vehicles, for *on comidom Other Capital E-pe-lift- Significant resources are allocated for capital a ifix-Is ctumtopipporta rajokly increasing local bus network. Bus infrastructure, which includes transfer statiorts, park and ride lots, bus stop impomemerts, bus rwitseexxt facades. sidewalk access and stsestside facilities. and other or,prowwronm is programmed for $208 million between 20I8 and 2024• A sumnbory of these hem is shown bekw Moreover, $114 mesons allocated towards the acquisition and 1ARRETT WALKER Kirnley*Horn replacernent of busses for $DCA bus service between 2018 and 2026, which represents 116 buses. Also included n other capital is 52437 m lion of locally funded grade reparation match funds allocated between 209 and 2022. Betwe a v 2= and 2027, $3S million Is available for future pnoiscm Between 2028 and 2037, other cap" includes boo corr"wvm toas replacement totaling s1 8o minion and future projects totaling mcs milicm Debt Service and Debt Service Rosier" Fund As debt is issued for capital projects, primipal and Mutest win be paid on those projects. these dollars represent the corresponding debt service on corernuser •A BRT. and various bus infrastructure projects that are required during the fist ZD years of the llecorronended Wake County Traesk Plan. Operating Fund Balance Allocation To oroune adequate operating liquidity, the Recommended Wake Carty Transit Plan was developed with a two of that the operating fund balance would ham a -miry mn fund balance equal to 25% of annual sales tax rvvenxres. The donors shown are the minimum allocation lbo reed this requirornent Capital Fund Balmmoo, Allecatim To dements credit strength tso manage &k the R&convnerKled Wales County Tinarmt Flon also was developed with a target of having a capital fund balance of St of capital projects cost This capital fund balance K over and above individual capital budgets which may have their own project -Mrqw— Maintaining suff— 4UkJky during co-- activity is an important ovdit: wrorigth for rating agwhcias. The capital fund balance allocation is timed to vAen significant debt issuances would be" for capital projects funded *n the Mice Cow" Transh, Plan_ Operating Expertses There am ire categories of operating expenses cornbred. The first is local bus service. which rx"gssg;front SM nOm in FY 2018 to US -lion in FY 2027. Added to dot is 8RT service, beginning in the ffxxiel in 2=4. Other operating funds rotate mairmenance, and operations for bus faclion and other OdOted bus operations such as ortal town local vory" notching funds, panvanut sorwce, and other professional services. Rnely, commuter rail is shown no" in =29� and adds an 1 -1-1' onal S20 million of open" expenses, Al operating e4senses are grown at 2-S% to aomum for inflation, The mod.l —.ws that by 2027, $1293 million of operm&V win be in piece and a UCW of S166 million of operating expenses oil be incuned trKlucling allocamns to fund bslanca and debt service expenses. A arnmary of 2027 6cal operating costs is LL shown in Figure 27. z z 0 z ILI dc to -J (IQ S O►oussnids) CormuterRail 8— Rapid Transit S$66,SW Sw"O BusAcquisiticon S114.700 Bus Infrastructure I208.400 Other Capital Pm 524.500 Future projects 535A00 Tow SIA16.100 z 0 z ILI dc to -J (IQ Local Bus Network 99T 514-500 Carmuzaar RON.— Other Bus OP&MOW4 SM100 $7,100 Mainconar,co and Operations 52,300 Tool z 0 z ILI dc to -J (IQ Plan Implementation and Finance w v 2 rnr. Q —ever a C..- r..~r r.r� �.r a—.. w. -f... ? L f..u.rr a.a.rr M rW "- taw.r..f.e n�.S o.S.N.� oat a.1`•sr 4+.. 1Y.rd aw. r)n fsr..�.. ayr.rr afs+r.rr iwr.:.. 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Nr nw.re.ra...raaasa.lwloNaei rr. ar. �wrrrrr .AmNas.ramayswinN.fNa.�.>vNUr Q� �r.�.� W Gross Debt Service caysaie Net Debt Service Owerage After Opera it 20•Yow Stpo hLore &mwvmy (Revenues to Aneiusi Debt Servke) = 3.0 Expe+u a 1.25 se ss ! 24 BRTCq*W and Operat— &Jumed Bus Necwat (2.949,773 58% 1 4 t u Operstroes. Bus Acgubmw and Bus kwhastucwre $ u so Commurer Rai Capital and Operetian 1582549 31% .20 ! a F-we Capkel Pfer 6 Fund Balance Allocaucn 122.046 F 2% 6 a Ta1ai S&1171.561 100% a a R� �>rRRRR1ZRaRHRRRRR R�R�I:R� RfdR °R>:R1ZRR� — weNVON s—ra.w ---- a—D bts—i ftrr — EBMMDWas..je.Cw — ewmareaer JARRETT WAaKER s ..aYO...wr•s KimleyoHorn fi.r�J .._.,5 Nr.Cw.,Yi:�,.nf..«�.«..5�«,.ar R.m.w.ae.a w.r «:...vr es..ww n.. 136