55B - RESO MEASURE M PRGM - Laserfiche WebLink

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Resolution Affirming Consistency of Circulation Element, Local Signal Synchronization Plan, and Mitigation Fee Program June 6, 2017 Page 2 In addition, the resolution reaffirms the City's concurrence with its existing and previously adopted Transportation System Improvement Area fees to mitigate the effects of new development on transportation infrastructure. Measure M2 Program Guidelines require local agencies to "assess traffic impacts of new development and require new development to pay a fair share of necessary transportation improvements attributable to the new development." The development impact fee programs and policies currently in place satisfy this requirement and are updated as required by Council action. The resolution also adopts the 2017 Local Signal Synchronization Plan Update (LSSP) (Exhibit 2) which is a planning document that helps guide traffic signal synchronization and capital investment. The purpose of traffic signal synchronization is to relieve congestion on the arterial roadway system during peak traffic demand and avoid the formation of gridlock conditions. Measure M2 program includes a robust funding program to aid in regional signal synchronization. The City's LSSP is required to be consistent with OCTA's Regional Traffic Signal Synchronization Master Plan. Adoption of this resolution is required to meet Measure M Program guidelines so the City may continue to receive Measure M2 Fairshare funds each year and to remain eligible for CTFP grant funding administered by OCTA. The deadline for resolution adoption is June 30, 2017. STRATEGIC PLAN ALIGNMENT Approval of this item supports the City's efforts to meet Goal #6 - Community Facilities & Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City assets), Strategy G (develop and implement the City's Capital Improvement Program in coordination with the Community Investment and Deferred Maintenance Plans). ENVIRONMENTAL IMPACT There is no environmental impact associated with this action. FISCAL IMPACT The proposed Fiscal Year 2017-18 budget anticipates receiving revenues of approximately $4.7 million from the Measure M2 local fair share program for capital improvement program projects. If the recommended action is not approved, the City will lose Measure M2 local fair share revenue and eligibility to apply for various future OCTA comprehensive funding programs. ^\--� NMousavipour Executive Director Public Works Agency FM/EWG/ML Exhibit: 1. Resolution 2. Local Signal Synchronization Plan 55B-2