Title
Request to Authorize the Town Manager to Enter into an annual Global Capital Agreement to Continue to Receive Orange County Transit Funds
PURPOSE: To request that the Town Council authorize the Town Manager to enter into a FY27 Global Capital Agreement with Orange County, GoTriangle and TWTPO to receive Transit Tax Revenue funds for approved capital projects during Fiscal Year 2027.
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Department
DEPARTMENT: Planning
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Council Direction
COUNCIL DIRECTION:
___ Race/Equity ____ Climate __X__ Comprehensive Plan __X__Other
Council Direction Statement
The Transportation and Mobility Chapter of the Carrboro Comprehensive Plan includes a number of goals, strategies and projects intended to improve the multimodal network by increasing transit service and ridership and growing the bike-ped network to support transit use.
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Information
INFORMATION: The implementation process for the Orange County Transit Plan involves the adoption of an annual fiscally constrained work plan designed to advance the new and existing transit service and capital projects outlined in the plan. Starting in FY2025, a new agreement structure also requires that each partner agency adopt a global operating and/or capital agreement each fiscal year as a prerequisite for receiving funds on pre-approved service/projects via reimbursement (Town of Carrboro - Meeting of Town Council on 6/18/2024 at 7:00 PM). The process provides an opportunity to add new projects, remove completed projects and update information relating to project budget and schedules as may be needed.
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Fiscal and Staff Impact
FISCAL IMPACT: There is currently approximately $2,177,000 of Orange County Transit Tax Revenue funding allocated to the Town for specific capital projects, including but not limited to Phase 1 of the Morgan Creek Greenway, the South Greensboro Street Sidewalk and the Estes Drive Bike-Ped Improvements. This includes approximately $1,932,000 of carryover from FY26 and ap...
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