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- 3 - <br />DESCRIPTION OF FUNDING SOURCES <br />To receive revenues from the one-half-cent sales tax, cities <br />and the County of Orange must coordinate their land use and <br />transportation decisions, establish cooperative transportation <br />planning programs with neighboring jurisdictions, develop <br />Growth Management programs, and guarantee that <br />transportation funds are used for transportation purposes only. <br />MEASURE M2 COMPETITIVE – The competitive portion of <br />the Measure M2 consists of the following programs: Regional <br />Capacity Program (RCP), Regional Traffic Signal <br />Synchronization Program (RTSSP), and several transit <br />programs. <br />Regional Capacity Program (Project O) – Project O <br />is a competitive program that replaces the Measure M <br />Local and Regional streets and roads competitive <br />programs. Project O is made up of three individual <br />program categories (ACE, FAST, and ICE) which <br />provide improvements to the network. Funding for <br />fiscal year 14/15 comes from the ACE program. <br />- Arterial Capacity Enhancements (ACE) – <br />Complements freeway improvement initiatives <br />underway and supplements development mitigation <br />opportunities on arterials throughout the Master <br />Plan of Arterial Highways (MPAH). <br />- Intersection Capacity Enhancements (ICE) – <br />Provides funding for operational and capacity <br />improvements at intersecting MPAH roadways. <br />•Transit Extensions to Metrolink (Project S) – Project <br />S establishes a competitive process to enable local <br />jurisdictions to enhance regional transit capabilities <br />through creation of new connections to the existing <br />Metrolink system. <br />MEASURE M2 FAIRSHARE – This local fair share program <br />returns a portion of the Measure M2 Streets and Roads <br />revenues to the cities and the County of Orange once specific <br />program requirements are met. Disbursement amounts are <br />based on a formula that accounts for population, street <br />mileage, and sales tax collected. <br />PARK ACQUISITION & DEVELOPMENT FUNDS (A & D) <br />–Any person adding a net increase in residential <br />units or converting apartments to condominiums in the City is <br />charged a Residential Development Fee. These fees are used <br />for the acquisition, construction, and renovation of park and <br />recreation facilities. The City Council has established a <br />standard of two acres of park and recreation facilities per one <br />thousand (1,000) population in the City. Fees vary depending <br />on the type and number of residential units. Fees are <br />paid at the time of application for a building permit, and no <br />building permit is issued until such fees are paid.