Item 30 - Adopt OCTA Funding Program Eligibility Requirements

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Fiscal Year 2020-21 Measure M2 Year -End Expenditure Report and Measure M2 Seven - Year CIP December 7, 2021 Page 2 (Exhibit 1) is a required reporting element that must be submitted within six months of the jurisdiction's fiscal year end. On June 3, 2021, the City Council approved the City's Seven -Year CIP, and approved and authorized the Director of Public Works/City Engineer to Submit the City of Santa Ana's Measure M2 eligibility submittals to OCTA by the June 30, 2021 deadline. On August 23, 2021, OCTA notified the City of its review of the City's submittal, and recommended that a revision be submitted for the M2 Seven -Year CIP. The requested revision is necessary in order to re -authorize expenditures of two grant allocations for current fiscal year expenditure. As requested by OCTA, staff recommends that the City Council approve the Updated Measure M2 Seven -Year CIP Project Report (Exhibit 2) to maintain eligibility for funding under the Orange County Renewed Measure M Programs. The revised M2 Seven -Year CIP Project Report is being updated to include the following projects with M2 funding: Bristol Street Improvements, Phases 3A and 4. Staff recommends that the City Council approve both Recommended Actions to continue with the flow of project funding, while maximizing grant compliance under the grant eligibility requirements presented. ENVIRONMENTAL IMPACT There is no environmental impact associated with this action. FISCAL IMPACT Approval of the Recommended Action will maintain the City's eligibility to receive Measure M2 funds annually. Upon renewal of Measure M2 eligibility, the City of Santa Ana is anticipated to receive an estimated $4.7 million in LFS funds and potentially over $11 million in M2 competitive grant funds for Fiscal Year 2021-22. In the past, the City has received an average of $20 million dollars in combined annual revenue from M2 LFS and competitive fund program allocations. If the Recommended Actions are not approved, the City will lose Measure M2 LFS revenue, along with the ability to apply for and receive future OCTA Comprehensive Transportation Funding Program competitive grant funds. EXHIBIT(S) 1. Resolution — M2 Year -End Expenditure Report 2. Updated Measure M2 Seven -Year CIP Submitted By: Nabil Saba, Executive Dir Public Works Approved By: Kristine Ridge, City Manager