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.
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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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