HomeMy WebLinkAboutCC Res 6426 2013-12-09 RESOLUTION NUMBER 6426
A RESOLUTION OF THE SEAL BEACH CITY COUNCIL
APPROVING THE MEASURE M2 EXPENDITURE REPORT FOR
THE CITY OF SEAL BEACH
WHEREAS, Local Transportation Authority Ordinance No. 3 requires local
111 jurisdictions to adopt an annual Expenditure Report to account for Net
Revenues, developer/traffic impact fees, and funds expended by local
jurisdiction which satisfy the Maintenance of Effort requirements; and
WHEREAS, the Expenditure Report shall include all Net Revenue fund
balances, interest earned and expenditures identified by type and program or
project; and
WHEREAS, the Expenditure Report must be adopted and submitted to the
Orange 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 M2.
THE SEAL BEACH CITY COUNCIL DOES HEREBY RESOLVE:
Section 1. The Measure M2 Expenditure Report is in conformance with the
M2 Expenditure Report Template provided in the Renewed Measure M Eligibility
Guidelines and accounts for Net Revenues including interest earned,
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 of Seal
IBeach.
PASSED, APPROVED AND ADOPTED by the Seal Beach City Council at a im regular meeting held on the 9th day of December
rY,l2013 by the following vote:
AYES: Council Members AL ,61, / 1 / 10446' c---ki-d
NOES: Council Members 016
1
ABSENT: Council Members 9742(9
ABSTAIN: Council Members AJL
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ii. j,ORF fj„Q,,'`y.'y. Mayor
ATTEST: '* ci ;y
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it Clerk v i, y„~ ,c,; �'
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STATE OF CALIFORNIA
I COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
I, Linda Devine, City Clerk of the City of Seal Beach, do hereby certify that the
foregoing resolution is the original copy of Resolution Number 6426 on file
in the office of the City Clerk, passed, approved, and adopted by the City Council
at a regular meeting held on the 9th day of December , 2013.
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