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File #: 18-135    Version: 1
Type: Consent Calendar Status: Passed
File created: 6/18/2018 In control: City Council/Public Financing Authority
On agenda: 7/2/2018 Final action: 7/2/2018
Title: Adopt a Seven-Year Capital Improvement Program (CIP) for fiscal years 2018/2019 through 2024/2025 for compliance with renewed Measure M eligibility requirements
Attachments: 1. Att #1 - Measure M 7-year CIP, 2. Att #2 - Ordinance No. 3
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 a Seven-Year Capital Improvement Program (CIP) for fiscal years 2018/2019 through 2024/2025 for compliance with renewed Measure M eligibility requirements
body

Statement of Issue:
In order to remain eligible to receive Measure M2 Program funding, the City must submit to the Orange County Transportation Authority (OCTA) an adopted seven-year Capital Improvement Program (CIP) in compliance with the renewed Measure M eligibility requirements.

Financial Impact:
No additional funding is required for this resolution. Annual M2 local fair-share allocation is approximately $3.4 million for the City.

Recommended Action:
recommendation
Adopt the Seven-Year Capital Improvement Program (FY 2018/2019 through 2024/2025) attached as Exhibit "A" for compliance with renewed Measure M eligibility requirements.
end

Alternative Action(s):
Do not adopt the attached Seven-Year CIP for Measure M eligibility and forego M2 funding eligibility. This action would result in the loss of $3.4 million for the next fiscal year, and the loss of allocated and potential grant funding for traffic and street improvement projects.

Analysis:
On November 6, 1990, the Orange County voters approved the original Measure M, the revised Traffic Improvement and Growth Management Ordinance, for 20 years (1991-2011). On November 7, 2006, the Orange County voters approved Renewed Measure M. Renewed Measure M is a 30-year (2011-2041), multi-billion dollar program extension of the original Measure M.

Renewed Measure M net revenues are generated from the transactions and use tax, plus any interest or other earnings after allowable deductions. Net revenues may be allocated to local jurisdictions for a variety of programs identified in Ordinance No. 3. Compliance with the eligibility ...

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