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Home My WebLink AboutCC AG PKT 2012-12-10 #J 5EAt AGENDA STAFF REPORT DATE: December 10, 2012 TO: Honorable Mayor and City Council THRU: Jill R. Ingram, City Manager FROM: Sean P. Crumby P.E., Assistant City Manager/Public Works SUBJECT: SUBMITTAL OF YEARLY EXPENDITURE REPORT TO OCTA FOR MEASURE M2 ELIGIBILITY SUMMARY OF REQUEST: Staff is requesting that the City Council adopt Resolution No. 6338 approving the submittal of the yearly expenditure report to Orange County Transportation Authority(OCTA)for Measure M2 Eligibility. BACKGROUND AND ANALYSIS: In November of 1990, the voters of Orange County approved Measure M, the Revised Traffic Improvement and Growth Management Ordinance. Measure M created a fund for transportation improvements to mitigate traffic impacts generated by existing and proposed development. Measure M authorizes the imposition of an additional half-cent retail transaction and use tax for a period of twenty (20) years. In November of 2006, Measure M was renewed by the voters of Orange County for an additional twenty (20) years, and is now known as Measure M2. Funds identified as Measure M2 "turnback" funds are used on local and regional transportation improvement and maintenance projects. Other Measure M funds, for transportation related projects, are made available through several competitive programs included in the Combined Transportation Funding Program (CTFP). To be eligible to receive Measure M2 "turnback" and CTFP funds, the Local Transportation Authority (LTA) must find that the City has satisfied specific requirements every year. The Board of Supervisors of Orange County has designated the OCTA as the Local Transportation Authority. The City of Seal Beach has fulfilled the following initial requirements: 1. Demonstrated compliance with the County's Congestion Management Program. 2. Maintained a mitigation impact fee schedule. Agenda Item 3. Adopted a seven-year Capital Improvement Program that includes all transportation projects funded partially or wholly by Measure M dollars. 4. Adopted and adequately funded a Local Pavement Management Plan (PMP). 5. Adopted a Traffic Demand Management Ordinance. 6. Satisfied Maintenance of Effort (MOE) Requirements. 7. Agreed to expend all Measure M revenues within three (3) years of receipt. 8. Year-end expenditure report. All of these items must be maintained to retain eligibility. Some items must be renewed or resubmitted annually and some biannually. This year the City of Seal Beach submitted the following to OCTA by June 30, 2012: 1. Measure M seven-year Capital Improvement Program; 2. Maintenance of Effort(MOE) Reporting Form; 3. Congestion Management Program compliance Checklists; 4. General Plan Compliance Documentation; 5. Measure M Eligibility Checklist; and 6. Pavement Management Plan Update. The City of Seal Beach is required to submit the year-end expenditure report by December 31, 2012. This report summarizes all Measure M2 expenditures for the prior fiscal year. A copy of the report is attached. ENVIRONMENTAL IMPACT: There is no environmental impact related to this item. LEGAL ANALYSIS: The City Attorney has reviewed and approved this item. Page 2 FINANCIAL IMPACT: Currently, the City receives approximately $416,000 in Measure M turnback funds annually. Additionally, the City of Seal Beach remains eligible to receive funding for the numerous competitive grants secured within Measure M2. RECOMMENDATION: It is recommended that the City Council adopt Resolution No. 6338 approving the submittal of the yearly expenditure report to OCTA for Measure M2 Eligibility. SUBMI D BY. NOTED AND APPROVED: Sean rP-. Crumby f5.-E— 11 Ingram, City a ager Assistant City Manager/Public Works Prepared by: David Spitz, P.E. Associate Engineer Attachments: A. Resolution No. 6338 B. Yearly Measure M2 Expenditure Report Page 3 RESOLUTION NUMBER A RESOLUTION OF THE SEAL BEACH CITY COUNCIL APPROVING THE MEASURE 0A2 EXPENDITURE REPORT FOR THE CITY OFSEAL BEACH VVHEREAS, Local Transportation Authority Ordinance Nn. 3 requires local jurisdictions to adopt on annual Expenditure Report to account for Net Revenues, developer/traffic impact hm*s' and funds expended by local jurisdiction which satisfy the Maintenance nf Effort requirements; and WHEREAS, the Expenditure Report shall include all Net Revenue fund ba|ances, interest earned and expenditures identified by type and program or project;and WHEREAS, the Expenditure Report must be adopted and submitted to the OnonQa County Transportation Authority each year within six months of the end of the local jurisdiction's fiscal year to be eligible to receive Net Revenues as a part of Measure yN2. THE SEAL BEACH CITY COUNCIL DOES HEREBY RESOLVE: Section 1. The Measure K42 Expenditure Report is in conformance with the W12 Expenditure Report Template provided in the Renewed Measure Wi Eligibility Guidelines and 000uuntm for Net Revenues including interest earnmd, expenditures during the fiscal year and balances at the end of fiscal year. Section 2. The M2 Expenditure Report is hereby adopted for the City ofSeal Beach. PASSE0, APPROVED AND ADOPTED by the Seal Beach City Council at a regular meeting held on the 10th day of December , 2012 by the following vote: AYES: Council Members NOES: Council K4embana ABSENT: Council Members ABSTAIN: Council Members Mayor ATTEST: City Clerk STATE OF CALIFORNIA } COUNTY OF ORANGE SS CITY OF SEAL BEACH � |. Linda Devine, C|h/ Clerk of the City of Seal Beaoh, do hereby certify that the foregoing resolution is the original copy of Resolution Number 6338 on file in the office of the City Clerk, passed, approved,and adopted by the City Council at o regular meeting held on the_10th_ deyuf December 2012. City Clerk City of SrAC3U1C# Schedule 1 M2 Expenditure Report Fiscal Year Ended June 30, 2012 Beginning and Ending Balances Line Description Lin in Amount Balances at Beginning of Fiscal Year ..................... -----•.._....•--•............................. M 2 Fairshare •-_.1.....$... .................... :M2 Fairshare Interest 2 $ - ;M2CTFP 3 $ - •--------------•--------•--•---------.-..----------.---.----••-------- ------------•---------- ;M2 CTFP Interest 4 $ ................•-•--........................------•---................_...•-•--•........_..... :Other M2 Funding 5 $ - --------------------------------------------------- -------------- ------------------------ M2 Interest 6 $ - ...................................................................... ...............••--- ;Other* 7.. $ .._...cesa-... •-• •............................•--...--..•........ Balances at Beginning.. Fiscal Year(Sum Lines 1 to 7) 8 $ = Monies Made Available During Fiscal Year 9 $ 420,996 .................•....._......._....._.........---...................... .....-•.._........... Total Monies Available(Sum Lines 8&9) 10 $ 420,996 .......................•---.......---•--............--•--..............................._............ Expenditures During Fiscal Year 11 $ 144,054 Balances.. End of Fiscal ea Yr ;M2 Fairshare 12 $ 218,648 ---•1. --•-•---•--•--•...-•--••--•-••-•-•...........................•---•---. .._........ ;M2 Fairshare Interest 13 $ 4,296 ------------------------------------------------------ ...............---••••-- M2 CTFP 14 'M2 CTFP interest 15 •...:.............•-••----------------------------------.--.-._.--••--------•---------------------•-- .Other M2 Funding 16 $ 53,962 :------•-----•--•--•.......................................... ••........................-•-- .Other M2 Interest 17 $ 36 .Other 18 *Please provide a specific description City of �'EAC-7 A It Schedule M2 Expenditure Report Fiscal Year Ended June 30,2012 Beginning and Ending Balances Description Line Amount No. Revenues:........................---........................ . ......... M 2 FaIrshare 1 $ 362,702 ............................................................. ................................. W2 FaIrshare Interest 2 $ 4,296 .................................................... ................... ... .................... CTFP 3 -------------- ....... -------- --------------------- W2 CTFP Interest 4 —.1............................................................. ........ .................. :Other M2Fund 9 �q 5 $ 53,962 :Other M2 Interest 6 $ 36 ...........---------------—.......................I............. .............................. ,Other* 7 TOTAL REVENUES(Sum lines 1 to 7) 8 $ 420,996 Expenditures: .......... *M2 Fairshare 9 $ 144,054 ..................................... ....................... ........ ........ ............... M?.FaIrshare interest 10 .......................... ................................... ....................... M2 CTFP 11 ----------------------------------------------------------------------------- ------------------------ :M2 CTFP Interest 12 I. ......I.............................................. ........... .. ........................ :Other M2 Funding 13 --------------- ---------- ............................. ........................ ;Other M2 Interest 4 - - ------------------------------- ............... -------- ---- ................... Other* 15 ITOTAL EXPENDITURES(Sum lines 9 to 15) 16 $ 144,054 ITOTAL BALANCE(Subtract line 16 from 8) 17 1 $ 276,942. Please provide a specific description 4,1:: Lni I m m 4D r4i �J. A d zv cr; tn. M, 'n tl$ tl>! 46 41 ;14 W r4 An o LU CL uj -0 tw 41 1 1 &Z to cn I 1 13,0 rl in' 0 C,,! 0 :f: Ln to : ! 1: t; CL tn m c ui o 0 Oi cn 'fl-I C4i f, to Q'I z ic i CID i; I i 01 ZJ k Q V i -2j to City of Schedule 4 M2 Expenditure Report Fiscal Year Ended June 30, 2012 Beginning and Ending Balances PROJECT NAME AMOUNT EXPENDED Local Street Resurfacing Program Project No ST1103 $144,054.01 ---•---------------------- -•------------------------------.............................._..� •----------- ............................................ ............................................................. --••--•-----•---------•-....------•-•-----------•----------------------------------•---••----•---......... --•--•...................................................................•........_...••--....•-••-•.-•_.. ------•---------------------------•--•---•--------------------•-----•---•-------•----••--......_.......... --.......•........-•------..•................................•...•............._..-•-••--••••-•-•••-.•-•-• ....................... ............................................ •---•• .............................. ..--•................•---......................_......................................_................... •...............................................................................................•---•---•- ----------- ------------------------------------------------------------------------ •••...-••-••••. ••-•--•------•-•-••---•-•-• ••.............•--........_....._...............--•-••--•---•. ...............................................................-•------------------------- -------- ------ ------------------------------------- ----••--•-----•-----•-••••-_•-••••....._.........._................. ...-•-•-----•---•.........................•-•............................-•--....._....._._............... ................ ...................•-••-----........_..............--•---------•-- ........•................................................................................................. •...........................................•-----•-- -•--------------------------------------•------- -------------•--------------- --•------.........-----•...........----........................_....... ........................... ......._.......... .............................. --------------•------•-----------------------•--------•-- .......................................... .....................................................•-------------------------------------------------••. ..........-------.... ----------------------------------------- .................. ....................................•--•--------------•--------•------------------•---••••-•...._..---.... ............. ................................................•-- ................................... -•............................................................................................•--••---•--- ----•----•-----------------•-----------•---••-••--...............-•-•-••--•-•..................------..... ----•--------••------------ .....................................................I........................ ..............................................................-..-.................. --------------------- ------•.......................•--•--••-••-•--•..................-----..................•••••--•-._........ .......................................................................................................--• ------•---- ------------- ----------------•------------•-- .................................. ...................................... ................................................................... ................................................--------------•------------------------------------------- --•-•-••...................................•--••--•---••--................................•-••--•--•...... ......................................................•---................................................ ------...•..................................................... .......... ........ ........... -•.....................•----.._.........---............................................................... -••...................................................----...................................... ---...... - ............. $ 144,054.01 City of 67=At, T�EA6 d Signature Page M2 Expenditure Report Fiscal Year Ended June 30, 2012 Beginning and Ending Balances I certify that all the i f6fflm-a-ffo—n-at shed herein is true and accurate to the best of my knowledge: Director of Finance