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Adopt a Resolution to Maintain Measure M2 Funding <br />June 21, 2022 <br />Page 2 <br />2 <br />7 <br />5 <br />0 <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with the action. <br />FISCAL IMPACT <br />There is no fiscal impact at this time. The recommended actions will maintain the City’s <br />eligibility to receive Measure M2 funds. Upon meeting OCTA eligibility requirements, the <br />City of Santa Ana is anticipated to receive an estimated $5.7 million in LFS funds and <br />approximately $825,000 in M2 competitive funds for FY 2022-23. <br />If the recommended action is not taken, the City will lose Measure M2 local fair share <br />revenue and eligibility to apply for various future OCTA comprehensive funding programs. <br />EXHIBIT(S) <br />1. Resolution – Pavement Management Plan <br />2. 2022 Pavement Management Plan may be reviewed at: <br />https://storage.googleapis.com/proudcity/santaanaca/uploads/2022/06/Draft- <br />2022-Pavement-Plan-R2.pdf <br />Submitted By: Nabil Saba, P.E., Executive Director – Public Works Agency <br />Approved By: Kristine Ridge, City Manager