Comprehensive Transportation Plan - March 2019

ACTION PLAN

For those financing methodologies and funding strategies deemed as viable candidates for application in the Town of Morrisville, the Blue Ribbon Commission considered the potential level of investment and recommended project types. Table 5-3 shows the outcome of this consideration. Table 5-3: Level of Investment Matrix FINANCING METHODOLOGIES AND FUNDING SOURCES APPROXIMATE LEVEL OF INVESTMENT RECOMMENDED TYPE(S) OF PROJECTS

General Obligation Bonds $10,000,000+

New roads; major road widening

Installment-Purchase Debt $1,000,000 - $5,000,000

Land acquisition; bike/ped

Financing

Methods

$0.01 generates $373,000 (FY 2015 est.) $15 generates $255,000 (FY 2015 est.)

Property Tax

Bond debt; maintenance; bike/ped; transit

Motor Vehicle Registration Fee

Maintenance; bike/ped; transit

Powell Bill

$502,929 (FY 2015)

Maintenance; bike/ped

Development Requirements

$2,274,000 (FY 2014 est.)

Thoroughfare improvements; bike/ped

NCDOT STIP Funding

2015-2025 draft STIP: $86,386,000 New roads; road widening; bike/ped; transit

CAMPO/Federal Funding

Up to $5,000,000/project

Road widening; bike/ped; transit

CDBG Infrastructure Grants

$333,000 FY 2016-FY 2021

Bike/ped; small roadway projects

Local Sales Tax

$3,810,000 (FY 2015 est.)

Bond debt; maintenance; bike/ped; transit

Special Assessments – Private Property

Unknown

Targeted improvements

Impact Fees

Unknown

Capacity improvements

Funding Sources Bike/ped; transit Source: Town of Morrisville Blue Ribbon Commission on Transportation Funding, page iv, December 2014. State Transportation Grants Unknown

Going forward, the Town of Morrisville can look to the information generated in the Blue Ribbon Commission report as well as funding guidance provided by CAMPO and NCDOT to continue to assess how best to leverage and implement various transportation financing and funding strategies. Remaining nimble and open to considering different types of funding strategies will enable the Town to be opportunistic and to take advantage of funding as it becomes available. Taking this approach will help Morrisville continue to advance its transportation vision through the strategic advancement of projects, programs, and policies both now and into the future. ACTION PLAN This section discusses the appropriate steps for local leaders to implement the recommendations of this plan and key agencies that should be involved with the task. These recommendations attempt to address existing or anticipated future needs in the study area. As a result, some needs are more urgent, while others will assume greater importance as the area continues to grow and travel characteristics change. The action items in this chapter are recommended to occur either in the near-term (less than 15 years), mid-term (15 to 24 years), or long term (25 or more years). The process for near-term tasks should be initiated quickly post adoption to best take advantage of the momentum gained with the development of this plan. Policy Measures Morrisville’s status as a desirable area for growth and development and as a major draw for regional traffic creates a tension between the needs of land use and transportation. The Town works closely with neighboring jurisdictions, CAMPO, and NCDOT to ensure that the integrity of transportation plans is maintained as development applications are considered. Town staff will continue to work cooperatively with these agency partners to review proposed development applications and seek reasonable alternatives where necessary. In an effort to carry this collaboration forward, copies of the adopted plan also should be forwarded to CAMPO, Wake County, NCDOT, the Town of Cary, and the City of Durham. Additional copies should be made available for public review at Town offices and online. Before outlining a strategy for new policy and program recommendations, it is important to first reflect on the policies and programs that are already in place within the Town or are currently under development. An inventory of plans and policies with content relevant to the advancement of the Town of Morrisville Comprehensive Transportation Plan was performed as part of the information gathering phase of the plan development. This information is included in Appendix H . Table 5-4 documents the policies or programs that are currently being used to address transportation needs within the Town. Policies or programs in this table and the table on the next page are

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