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Item 26 - Adopt OCTA Funding Program Eligibility Requirements
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Item 26 - Adopt OCTA Funding Program Eligibility Requirements
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12/15/2023 1:53:25 PM
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12/14/2023 3:33:44 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
26
Date
12/19/2023
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Public Works Agency <br />www.santa-ana.org/public-works <br />Item # 26 <br />City of Santa Ana <br />20 Civic Center Plaza, Santa Ana, CA 92701 <br />Staff Report <br />December 19, 2023 <br />TOPIC: Adopt OCTA Funding Program Eligibility Requirements <br />AGENDA TITLE <br />Resolution to Adopt and Approve for Submission of the Fiscal Year 2022-23 Measure M2 <br />Year -End Expenditure Report <br />RECOMMENDED ACTION <br />Adopt a resolution approving the Measure M2 Annual Expenditure Report for Fiscal <br />Year 2022-23, and authorize submission of the report to the Orange County <br />Transportation Authority, as required by Measure M2 Funding Eligibility Guidelines. <br />RESOLUTION NO. 2023-XXX entitled A RESOLUTION OF THE CITY COUNCIL OF <br />THE CITY OF SANTA ANA CONCERNING THE MEASURE M2 EXPENDITURE <br />GOVERNMENT CODE §84308 APPLIES: No <br />DISCUSSION <br />In November 1990, Orange County voters approved Measure M, a 20-year one -half - <br />cent sales tax to fund transportation projects in Orange County. Sixteen years later, in <br />November 2006, the voters again approved the Renewal of Measure M, referred to as <br />M2, for an additional thirty years. M2 became effective in April 2011, and the net <br />revenues generated by M2 contribute to two types of grant funding: Local Fair Share <br />(LFS) and Competitive. All Orange County cities are eligible for LFS funding, which is <br />distributed based on population, number of existing Master Plan of Arterial Highways <br />centerline miles, and taxable sales. Under the competitive component of M2 funding, <br />cities must compete and demonstrate support of regional transportation to successfully <br />qualify for grant monies. Fulfilling M2 eligibility requirements also allows the City to <br />qualify for other regional competitive OC Go M2 grant funding opportunities. <br />Each year local agencies are required to submit documentation to the Orange County <br />Transportation Authority (OCTA) that includes the End of Year Expenditure Report <br />adopted via Resolution. The Expenditure Report (Exhibit 1) is a detailed financial <br />document submitted by each jurisdiction which is used to track and validate financial <br />activity related to the Renewed Measure M2 and other improvement funds. The report <br />accounts for receipt, interest earned, and use of Measure M2 and other funds while <br />
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