REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Fred A. Wilson, City Manager
PREPARED BY: Travis K. Hopkins, PE, Director of Public Works
Subject:
title
Adopt Resolution No. 2018-68 adopting the Measure M2 Expenditure Report to comply with Renewed Measure M2 funding eligibility for the City of Huntington Beach
body
Statement of Issue:
In compliance with Renewed Measure M2 funding eligibility, the City is required to adopt a resolution approving the annual Measure M2 Expenditure Report.
Financial Impact:
No additional funding is required for the resolution. The annual M2 Turnback allocation to the City is approximately $3.3 million.
Recommended Action
recommendation
Adopt Resolution No. 2018-68, "A Resolution of the City Council of the City of Huntington Beach Adopting the Measure M2 Expenditure Report for the City of Huntington Beach."
end
Alternative Action(s):
Do not adopt the Resolution and forego Measure M2 funding eligibility. This action would result in the loss of approximately $3.3 million for the current fiscal year and potential grant funding for street improvements.
Analysis:
Renewed Measure M2 is the one-half cent sales tax approved by the Orange County voters in November 2006 for countywide transportation improvements. The multibillion dollar program extends the original Measure M (1991-2011) program for another 30 years. All Orange County eligible jurisdictions receive a percentage of the sales tax revenue based on population, Master Plan of Arterial Highways centerline miles and share of countywide taxable sales. These funds can be used for local projects, as well as ongoing maintenance of local streets.
There are no competitive criteria to meet, but there are administrative requirements to maintain eligibility to receive funding. A key requirement is to adopt the Measure M2 Expenditure Report each year within six-months of the end of the local jurisdiction’s fiscal year. The City of Huntington Beach Measure M2 Report for fiscal year 2017-18 complies with this requirement. The report accounts for all M2 revenues, developer/traffic impact fees and funds expended by the City towards street improvements, rehabilitation and maintenance. Because of the recent change in fiscal years from an October through September period to a July through June period, this report represents the nine-month truncated fiscal year of 2017-18.
Environmental Status:
Not applicable
Strategic Plan Goal:
Enhance and maintain infrastructure
Strengthen economic and financial sustainability
Attachment(s):
1. Resolution No. 2018-68, “A Resolution of the City Council of the City of Huntington Beach Adopting the Measure M2 Expenditure Report for the City of Huntington Beach”.