Draft Comprehensive Transportation Plan Update_September 25

ACTION PLAN

DRAFT

Table 5-4: Near-Term Planning Issues for Connected and Autonomous Vehicles (CAV)

Travel Mode General

Near-Term Planning Strategies

Consider the future impacts of autonomous vehicles on land development and zoning bylaws. Roadway Consider design requirements to enhance detection equipment and controller equipment to collect and broadcast speed and safety information. Roadway Consider how to begin accommodating autonomous vehicles within a mixed vehicle fleet. Roadway Assess the safety and mobility impacts of providing two-way left turn lanes in a CAV setting. Parking Consider the implications of converting on-street parking into pick up and drop off lanes. Bicycle & Pedestrian Consider impacts of greenway crossings at surface streets in a CAV setting. Bicycle & Pedestrian Consider the design impacts to bike lanes as autonomous vehicles are introduced into the fleet. Bicycle & Pedestrian Explore additional education and outreach programs designed for both bicyclists and motorists.

Transit

Consider future impacts of potential design requirements to accommodate autonomous transit vehicles.

Transit

Consider dynamic routing and agility in transit stops in response to real- time ridership needs.

FUNDING OPPORTUNITIES The construction of a comprehensive transportation network can occur through incremental adoption of local policies and initiatives supplemented by State and federal programs and assistance from the private sector. It will be important for the Town of Morrisville, in collaboration with Wake County and CAMPO, to continue pursuing funding resources to implement the recommendations of this plan. The Town of Morrisville has long understood this reality. Through the creation of the Blue Ribbon Commission on Transportation Funding, the Town prepared a report exploring this issue. The report, finalized in December 2014, provided a review of potential transportation financing strategies and funding sources drawn from examples both locally and in other peer communities. The report then assessed the viability of these financing strategies and funding sources for use within the Town of Morrisville. The financing strategies and funding sources considered as a part of this study are identified and defined in Tables 5-5 and 5-6.

Table 5-5: Potential Transportation Financing Strategies

FINANCING STRATEGY

DEFINITION

A form of financing that generally has a lower interest rate than other municipal debt, is generally the only form of financing that requires a voter referendum, and is secured by the Town’s unlimited taxing power and full faith and credit. A form of financing that does not require voter approval (via referendum), and is secured by non-tax revenue or property. Secured by and paid for by user revenues, such as user fees or tolls on roadways. Secured by additional property tax revenue produced by private development. Also known as Tax Increment Financing. Financing secured by and paid for from assessments levied against private property.

General Obligation Bonds

Installment-Purchase Debt

Revenue Bonds

Tax Increment Debt

Special Assessment Debt

Source: Town of Morrisville Blue Ribbon Commission on Transportation Funding Report, page i, December 2014.

5-5 | P A G E

September 25, 2017 Draft