REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Dave Kiff, Interim City Manager
PREPARED BY: Travis K. Hopkins, Interim Assistant City Manager
Subject:
title
Adopt a 7-year Capital Improvement Program for the fiscal years 2019/2020 through 2025/2026 for compliance with renewed Measure M eligibility requirements
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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 7-year Capital Improvement Program (CIP) in compliance with the renewed Measure M eligibility requirements.
Financial Impact:
No additional funding is required for this resolution. The City will receive Measure M2 funds of approximately $3.5 million in Fiscal Year 2019/20.
Recommended Action:
recommendation
Adopt the 7-year Capital Improvement Program (FY 2019/2020 through 2025/2026) included as Attachment #1 for compliance with renewed Measure M eligibility requirements.
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Alternative Action(s):
Do not adopt the attached 7-year CIP for Measure M eligibility and forego M2 funding eligibility. This action would result in the loss of $3.5 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 twenty years (1991-2011). On November 7, 2006 the Orange County voters approved Renewed Measure M. Renewed Measure M is a thirty 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 eligibi...
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