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Chapter 6 <br /> <br /> Funding Scenario <br /> <br />Two options for first year funding of operations are shown in the charts that follow. The <br />options are the same with one exception: Option 2 proposes a fare of $0.50 / passenger while <br />Option 1 proposes to implement service and not charge a fare for the first year. <br /> <br />SERVICE <br /> <br />· Four (4) routes as proposed. <br /> <br />· Routes operate 12 hours / day from 6:00 a.m. to 6:00 p.m. <br /> <br />· Routes operate Monday through Friday. <br /> <br />· Estimated cost per hour of operation - $35.00. <br /> <br />· Total annual operating hours - 12,480. <br /> <br />· New vehicles, 22-25 passengers each, lift-equipped. <br /> <br />· Estimated cost for Contract Administration - $50,000. <br /> <br />· Estimated cost for marketing, printing schedules, etc. - $60,000. <br /> <br />· Estimated ridership - 8 passengers per hour of operation = 98,840 passengers / year. <br /> SAY 100,000 passengers / year. <br /> <br />PROPOSED COST SHARING <br /> <br />· NCDOT/Federal Transit Administration contribute 50% of public subsidy with the <br /> NCDOT contribution not to exceed $50,000 for the first year. <br /> <br />· The remaining 50 % of operating costs is to be prorated depending on area of service of <br /> the proposed routes. <br /> <br /> Route One - North Loop: this route serves Kannapolis, Landis and China <br /> Grove. The local share of annual costs is proposed to be shared: Kannapolis - <br /> 50%; Landis- 25%; and, China Grove- 25%. <br /> <br /> Route Two - Central Circulator: this route serves Kannapolis and Concord. The <br /> local share of annual costs is proposed to be shared: Kannapolis - 50%; and, <br /> <br /> <br />