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WHEREAS, the City has prepared an Alternatives Analysis which investigates <br />possible transit options and identified three feasible alternatives that include a modern <br />streetcar transit route from Santa Ana to Garden Grove; and <br />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, Orange County Transportation Authority (OCTA) staff is <br />recommending to their Executive Committee and to their Board to develop a proposed <br />financial plan to fund capital, operations, and maintenance of the Streetcar Project that <br />is consistent with maximizing the use of state and federal funding sources by leveraging <br />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 Orange County Transportation Authority (OCTA) to <br />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 Orange County Transportation <br />Authority (OCTA) and to all related City consultants. <br />ADOPTED this 6th day of May, 2( <br />APPROVED AS TO FORM: <br />Sonia R. Carvalho, City Attorney <br />By: 4�z„ <br />Jose Sandoval <br />Chief Assistant City Attorney <br />Resolution No. 2014 -022 <br />Page 2 of 3 <br />