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File #: 20-2004    Version: 1
Type: Consent Calendar Status: Passed
File created: 10/29/2020 In control: City Council/Public Financing Authority
On agenda: 11/16/2020 Final action: 11/16/2020
Title: Adopt Resolution No. 2020-76 approving the M2 Expenditure Report for the City of Huntington Beach to comply with Renewed Measure M2 funding eligibility as administered by the Orange County Transportation Authority (OCTA)
Attachments: 1. Att#1 Reso No. 2020-76, 2. Att#2 M2 Expenditure Report 19-20
REQUEST FOR CITY COUNCIL ACTION

SUBMITTED TO: Honorable Mayor and City Council Members

SUBMITTED BY: Oliver Chi, City Manager

PREPARED BY: Sean Crumby, Director of Public Works

Subject:
title
Adopt Resolution No. 2020-76 approving the M2 Expenditure Report for the City of Huntington Beach to comply with Renewed Measure M2 funding eligibility as administered by the Orange County Transportation Authority (OCTA)
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 and submit the report and resolution to the Orange County Transportation Authority (OCTA).

Financial Impact:
No additional funding is required for this resolution. Annual M2 Turnback allocation is approximately $3 million for Fiscal Year 2020-21.
Recommended Action:
recommendation
Adopt Resolution No. 2020-76, "A Resolution of the City Council of the City of Huntington Beach Concerning 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 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, which is administered by OCTA, 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 e...

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