Council Agenda Report

Transcription

1 Council Agenda Report Meeting Date: December 21, 2015 TO: FROM: SUBJECT: HONORABLE MAYOR & COUNCILMEMBERS CITY MANAGER By: Mel Shannon, Director of Finance ADOPT A RESOLUTION APPROVING THE ANNUAL MEASURE M2 EXPENDITURE REPORT SUMMARY RECOMMENDATION: Approve and adopt a resolution concerning Measure M2 Expenditure Report from July 1, 2014, to June 30, 2015, pursuant to Ordinance No. 3 of the Orange County Transportation Authority s Renewed Measure M Fair Share and Competitive Program Funds. DISCUSSION: Measure M was a 20-year half-cent local transportation sales tax program approved by the voters in The tax measure was scheduled to expire in 2010; however, in November 2006, Orange County voters approved a Renewed Measure M (M2), which extended the tax for an additional 30 years, effectively providing a multi-billion dollar program extension of the original Measure M program. Every year the Orange County Transportation Authority (OCTA) determines if a local jurisdiction is eligible to receive Renewed Measure M (M2) Fair Share and competitive program funds. In order to receive these M2 funds, Local Transportation Authority Ordinance No. 3 requires local jurisdictions to adopt an annual Expenditure Report that accounts for Net Revenues, development/traffic impact fees, and funds expended by the local jurisdiction which satisfies the program s Maintenance of Effort requirements. The Expenditure Report must be adopted by the local jurisdiction s council/board and submitted to OCTA each year within six months of the end of fiscal year in order for that jurisdiction to be eligible to receive Net Revenues as part of Measure M2. This year s expenditure report for the City of La Habra is for twelve months from July 1, 2014, to June 30, Agenda Item No. III.8 v. 2/01/2014 III8 FAS Measure M2 EXP Rpt 2015 Agenda.docx Revision Date: 12/13/2015 6:55:00 PM Meeting Date: 12/21/15

2 FISCAL IMPACT / SOURCE OF FUNDING: If the attached resolution and report are not approved by the City Council, the City will not be eligible to receive M2 funds for planned capital improvements in FY 15/16. GENERAL PLAN RELEVANCE: RN 1.2 Consistency with Orange County Master Plan of Arterial Highway RN 1.4 Congestion Management Plan Compliance RN.1.5 Long Range Transportation Plan RN 1.6 Regional Transportation System Improvements RECOMMENDATION / REQUESTED ACTION: Approve and adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA HABRA CONCERNING THE MEASURE M2 EXPENDITURE REPORT FOR THE CITY OF LA HABRA for the period of July 1, 2014 to June 30, 2015, pursuant to Ordinance No. 3 of Orange County Transportation Authority s renewed Measure M Fair Share and Competitive Program Funds: ATTACHMENTS: 1. Measure M2 Expenditure Report for FY Resolution 2

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8 ATTACHMENT 2 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA HABRA CONCERNING THE MEASURE M2 EXPENDITURE REPORT FOR THE CITY OF LA HABRA. WHEREAS, Local Transportation Authority Ordinance No. 3 requires local jurisdictions to adopt an annual Measure M2 Expenditure Report to account for Net Revenues, developer/traffic impact fees, and funds expended by local jurisdictions which satisfy the Maintenance of Effort requirements; and, WHEREAS, the Measure M2 Expenditure Report shall include all Net Revenue fund balances, interest earned, and expenditures identified by type and program or project; and, WHEREAS, the Measure M2 Expenditure Report must be adopted and submitted to the Orange County Transportation Authority each year within six months of the end of the local jurisdiction s fiscal year to be eligible to receive Net Revenues as part of Measure M2. NOW, THEREFORE, BE IT RESOLVED that the City of La Habra does hereby inform the Orange County Transportation Authority that: 1) The Measure M2 Expenditure Report is in conformance with the Measure M2 Expenditure Report Template provided in the Renewed Measure M Eligibility Guidelines and accounts for Net Revenues, including interest earned, expenditures during the fiscal year, and balances at the end of the fiscal year; 2) The Measure M2 Expenditure Report is hereby adopted for the City of La Habra. PASSED, APPROVED AND ADOPTED this 21 st day of December ATTEST: James Gomez, Mayor Tamara D. Mason, MMC, City Clerk 1 of 2

9 STATE OF CALIFORNIA ) CITY OF LA HABRA ) ss COUNTY OF ORANGE ) I, Tamara D. Mason, City Clerk for the City of La Habra, do hereby certify that the above and foregoing is a true and correct copy of Resolution No. introduced and adopted at a Regular Meeting of the City Council of the City of La Habra held on the 21 st day of December, 2015, by the following roll call vote: AYES: NOES: ABSENT: ABSTAIN: COUNCILMEMBERS: COUNCILMEMBERS: COUNCILMEMBERS: COUNCILMEMBERS: Witness my hand and the official seal of the City of La Habra this 21 st day of December Tamara D. Mason, MMC, City Clerk 2 of 2