Title
Request to Authorize the Town Manager to Enter into a 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 Global Capital Agreement with Orange County, GoTriangle and the TWPO to receive Transit Tax Revenue funds for approved capital projects during Fiscal Year 2026.
end
Department
DEPARTMENT: Planning
end
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.
end
Information
INFORMATION: In May 2023, the Town Council received an update on changes to the administrative structure for the Orange County Transit Plan, with county staff taking over certain aspects of implementing the plan from Triangle West TPO. The process involved the adoption of new agreements for all agencies participating in regional transit planning through a comprehensive participation agreement (Town of Carrboro - Meeting of Town Council on 5/23/2023 at 7:00 PM). Beginning with FY25, agencies have also been required to adopt an annual global operational/capital agreement to receive funds on pre-approved service/projects via a reimbursement process (Town of Carrboro - Meeting of Town Council on 6/18/2024 at 7:00 PM).
The schedule for adopting the annual global capital agreement provides an opportunity to add new projects, remove completed projects and update information relating to project budget and schedules as may be needed.
end
Fiscal and Staff Impact
FISCAL IMPACT: There is currently approximately $2,409,500 of Orange County Transit Tax Revenue funding allocated to the Town for specific capital projects, i...
Click here for full text