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Measure M2 Funding Eligibility 2024 Renewal <br />June 4, 2024 <br />Page 2 <br />rehabilitation, and maintenance of paved roads by analyzing pavement life cycles, <br />assessing overall system performance costs, and determining alternative strategies and <br />necessary costs to improve paved roads (Exhibit 2). A copy of the PMP with a <br />certification must be submitted to OCTA by June 30, 2024. Adoption of the proposed <br />resolution maintains the City's eligibility to receive M2 Funds for FY 2024-25. <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 $6.4 million in Local Fair Share <br />funds and an undetermined amount in M2 competitive funds for FY 2024-25. <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 <br />programs. <br />EXHIBIT(S) <br />1. Resolution — Pavement Management Plan <br />2. 2024 Pavement Management Plan <br />Submitted By: Nabil Saba, P.E., Executive Director — Public Works Agency <br />Approved By: Alvaro Nunez, Acting City Manager <br />