AGENDA #4f

 

MEMORANDUM

 

TO:

Roger L. Stancil, Town Manager

 

 

FROM:

J.B. Culpepper, Planning Director

 

 

SUBJECT:

Long Range Transit Plan Budget Amendment

 

 

DATE:

February 12, 2007

 

 

The attached budget ordinance would establish a budget of $522,000 for the Long-Range Transit Plan and would allocate $134,486 of General Fund balance for the Town’s share of the Plan.  

 

BACKGROUND

 

On January 8, 2007, the Council authorized the Town Manager to execute memorandum of agreements with Carrboro and the University to fund the Long Range Transit Plan (Attachment 1).  The Plan is proposed to be jointly funded by Chapel Hill, Carrboro and the University of North Carolina at Chapel Hill.

 

DISCUSSION

 

The Long Range Transit Plan is anticipated to cost $522,000. The proposed funding is to be provided by several different sources.

 

 


The table below summarized the total funding by source.

 

Chapel Hill

$134,486

Carrboro

    45,306

University of North Carolina

  182,208

Durham-Chapel Hill-Carrboro

 

Metropolitan Planning Organization

  160,000

 

 

Total

$522,000

 

The proposed allocations from each participant includes a share of the $40,000 match for the $160,000 federal funds allocated from the Durham-Chapel Hill-Carrboro Metropolitan Planning Organization. The $40,000 match has been allocated to each partner as shown below.

 

Chapel Hill

$18,320

Carrboro

$  6,320

University of North Carolina

$15,360

 

 

Total

$40,000

 

We propose to allocate $134,500 from General Fund balance.

 

 

RECOMMENDATION

 

That the Council adopt the attached resolution accepting the federal grant funding allocated by the Durham-Chapel Hill-Carrboro Advisory Committee and enact the budget amendment ordinance for the Long Range Transit Plan budget.

 

ATTACHMENTS

  1. January 8, 2007 Council Memorandum (begin new page 1).