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25E - AGMT - M2 FUNDING
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25E - AGMT - M2 FUNDING
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Last modified
1/3/2012 3:41:24 PM
Creation date
8/16/2011 10:27:59 AM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
25E
Date
8/24/2011
Destruction Year
2016
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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />MASTER FUNDING AGREEMENT NO. C-1-2783 <br />BETWEEN <br />ORANGE COUNTY TRANSPORTATION AUTHORITY <br />AND <br />CITY OF SANTA ANA <br />FOR <br />M2 COMPREHENSIVE TRANSPORTATION FUNDING PROGRAMS <br />THIS AGREEMENT is effective this day of 2011, by and <br />between the Orange County Transportation Authority, 550 South Main Street, P.O. Box 14184, Orange, <br />California 92863-1584, a public corporation of the State of California (hereinafter referred to as <br />"AUTHORITY"), and the City of Santa Ana, 20 Civic Center Plaza, M-21, Santa Ana, CA 92702, a <br />municipal corporation (hereinafter referred to as "AGENCY"). <br />RECITALS: <br />WHEREAS, Voters approved Renewed Measure M (M2) on November 7, 2006; and <br />WHEREAS, Orange County Local Transportation Authority Ordinance No. 3 outlines the M2 <br />Transportation Ordinance and Investment Plan to fund transportation facility and service improvement <br />programs for a period of thirty years commencing on April 1, 2011; and <br />WHEREAS, AUTHORITY and AGENCY agree that M2 funding is subject to AGENCY fulfilling <br />M2 eligibility requirements; and <br />WHEREAS, AUTHORITY's Board of Directors approved the Renewed Measure M Eligibility <br />Guidelines - Local Agency Preparation Manual on January 25, 2010 and subsequent amendments on <br />March 14, 2011 and April 11, 2011; and <br />WHEREAS, AUTHORITY's Board of Directors approved the Comprehensive Transportation <br />Funding Programs (CTFP) Guidelines on March 22, 2010; and <br />WHEREAS, AUTHORITY will periodically update the Renewed Measure M2 Eligibility <br />Guidelines - Local Agency Preparation Manual and the CTFP Guidelines whereby the most recent <br />Page 1 of 10 <br />LACamnnWarvinlCooperative Agreements\CTFP Master Funding Agreement\Agreements\C-1-2783 City of Santa Ana.d= <br />25E-3
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