Item 28 - Measure M2 Funding Eligibility Renewal 2023-24

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Measure M2 Funding Eligibility Renewal June 20, 2023 Page 2 the City's street classification system to ensure traffic mobility and safety are in alignment with City goals and have coordinated those changes with OCTA. This resolution attests that the City's adopted General Plan Mobility Element (Exhibit 2) is consistent with the MPAH, does not preclude implementation of the MPAH within Santa Ana, and that no unilateral reduction in through lanes has been made on MPAH arterials during Fiscal Years 2021-22 and 2022-23 (Exhibit 3). Additionally, the resolution reaffirms the City's concurrence with its existing and previously adopted Transportation System Improvement Area fees (Exhibit 4) to mitigate the effects of new development on transportation infrastructure. Measure M2 Program Guidelines require local agencies to assess traffic impacts of new development and require new development to pay a fair share of necessary transportation improvements attributable to the new development. The development impact fee programs and policies currently in place satisfy this requirement and are updated each fiscal year by Council action. The City's FY 2023-24 M2 Program submittal must include an additional adopted Resolution to update the Local Signal Synchronization Plan (LSSP) (Exhibit 5) to be consistent with OCTA's Regional Traffic Signal Synchronization Master Plan. The LSSP is a planning document that helps guide traffic signal synchronization and related capital investment (Exhibit 6). The purpose of traffic signal synchronization is to relieve congestion on the arterial roadway system during peak traffic demand and avoid formation of gridlock conditions. Measure M2 includes a robust Regional Traffic Signal Synchronization funding program to aid in regional signal synchronization. Adoption of both resolutions by June 30, 2023 is required to meet Measure M2 Program guidelines, to ensure that the City continues to receive Measure M2 Local Fair Share funds each year, and to remain eligible for CTFP grant funding administered by OCTA. FISCAL IMPACT The recommended actions will continue the City's eligibility to receive Measure M2 funds. Upon meeting OCTA eligibility requirements, the City of Santa Ana is anticipated to receive $6,709,413 in LFS funds (as of April 2023 estimate) and an undetermined amount in M2 competitive funds for FY 2023-24. In the past, the City has received an average of $20 million in combined annual revenue from M2 LFS and competitive fund program allocations. If the recommended action is not approved, the City will lose Measure M2 LFS revenue and eligibility to apply for various future OCTA comprehensive funding programs.