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<br />REQUEST FOR <br />COUNCIL ACTION <br /> <br />~ <br />~ <br /> <br />CITY COUNCIL MEETING DATE: <br /> <br />CLERK OF COUNCIL USE ONLY: <br /> <br />MAY 15, 2006 <br />TITLE: <br /> <br />RESOLUTION APPROVING THE <br />RENEWED MEASURE M <br />TRANSPORTATION INVESTMENT <br />PL <br /> <br /> <br />(}~C2-- <br /> <br />CITY MANAGER <br /> <br />APPROVED <br />o As Recommended <br />o As Amended <br />o Ordinance on 1" Reading <br />o Ordinance on 2"d Reading <br />o Implementing Resolution <br />o Set Public Hearing For <br /> <br />CONTINUED TO <br /> <br />I <br />, <br />, <br /> <br />FILE NUMBER <br /> <br />,I / <br />LI RECOMMENDED ACTION <br /> <br />Adopt a resolution approving <br />Investment Plan for the purpose <br />Orange County in November 2006. <br /> <br />the Renewed Measure M Transportation <br />of placing Measure M before the voters of <br /> <br />DISCUSSION <br /> <br />On November 6, 1990, Orange County voters approved Measure M, a half-cent <br />local transportation sales tax to be collected for 20 years. The revenue <br />generated from Measure M has been used to fund critical freeway, road and <br />transit projects in Orange County. All of the major projects promised to <br />and approved by the voters are underway or complete. Funds that go to <br />cities and the County of Orange to maintain and improve local streets and <br />roads will continue until Measure M expires in 2011. <br /> <br />In order to address our current and future transportation needs, renewal <br />of the half-cent sales tax is imperative. Orange County continues to <br />grow. By the year 2030, Orange County's population will increase by 24 <br />percent; jobs will increase by 27 percent; and travel on our roads and <br />highways by 39 percent. Without continued investment average morning <br />rush hour speeds on Orange County freeways will fall by 31 percent and on <br />major streets by 32 percent. <br /> <br />Since June 2005, a group of Orange County elected and public officials <br />collectively known as the "Super Committee," has met regularly to <br />identify future transportation projects and programs to be included in a <br />renewed Measure M and to attain support for the renewal effort from <br />Orange County cities. Additionally, if approved by two-thirds of the <br />voters, Measure M would authorize the collection of a half-cent sales tax <br />for a 30-year period from 2011 to 2041, generating a projected total of <br />$11.8 billion for local transportation projects. <br /> <br />55C-1 <br />