Wake Transit Plan Implementation Joint Agency Agreement MemoJoint Agency Agreement • December 16th, 2016
Contract Type FiledDecember 16th, 2016GoTriangle, in cooperation with the Wake County Transit Planning Advisory Committee (TPAC), has produced a draft “Joint Agency Agreement” or “Master Agreement” that contains a number of provisions addressing overall participation in the implementation of the Wake County Transit Plan (Transit Plan). More specifically, the agreement functions as a multi-party instrument that institutionalizes provisions of engagement associated with any agency’s or party’s use of Wake County Tax Revenue, as defined in the Wake Transit Governance Interlocal Agreement (Governance ILA) to implement projects in the Wake County Transit Plan. Any agency or local government within Wake County that is expecting to benefit from these revenues must be a party to the agreement. The agreement’s anticipated time of performance is 25 years. This agreement is also intended to function as the gateway to the overall agreement structure for Wake Transit Plan project implementation, as agreed upon by the TPAC, and to satis