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WHEREAS, the City has prepared a draft environmental impact report to <br />investigate all impacts that could be attributed to the streetcar construction and <br />operations; and <br />WHEREAS, OCTA staff is recommending to their Executive Committee and to <br />their Board to develop a proposed financial plan to fund capital, operations, and <br />maintenance of the Streetcar Project that is consistent with maximizing the use of state <br />and federal funding sources by leveraging Measure M2 revenues; and <br />WHEREAS, adopting this Resolution would help propel the project to the design <br />and delivery phase by extending Santa Ana's financial commitment for streetcar <br />operations which is important for OCTA to formalize the project financial plan. <br />THEREFORE BE IT RESOLVED AS FOLLOWS: <br />The City Council of the City of Santa Ana commits to a ten percent (10 %) <br />annual net of farebox financial participation in the Streetcar operations, <br />estimated at $500,000 to $600,000 annually. <br />2. The City Council designates the City Manager as the Project Director and City <br />authority to interact and provide direction to OCTA and to all related City <br />consultants. <br />ADOPTED this day of May 2014. <br />APPROVED AS TO FORM: <br />Sonia R. Carvalho, City Attorney <br />Jose Sandoval <br />Chief Assistant City Attorney <br />Miguel A. Pulido <br />Mayor <br />55E -8 <br />Resolution No. 2014 - <br />Page 2 of 3 <br />