HomeMy WebLinkAboutCC AG PKT 2014-12-08 #K AGENDA STAFF REPORT
DATE: December 8, 2014
TO: Honorable Mayor and City Council
THRU: Jill R. Ingram, City Manager
FROM: Sean P. Crumby P.E., Director of Public Works
SUBJECT: SUBMITTAL OF YEARLY EXPENDITURE REPORT TO
OCTA FOR MEASURE M2 ELIGIBILITY
SUMMARY OF REQUEST:
That the City Council adopt Resolution No. 6524 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 City must
satisfy the below requirements annually and/or biannually:
1. Demonstrated compliance with the County's Congestion Management
Program;
2. Maintained a mitigation impact fee schedule;
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);
Agenda Item K
5. Adopted a Traffic Demand Management Ordinance;
6. Satisfied Maintenance of Effort (MOE) Requirements;
7. Agreed to expend all Measure M2 revenues within three (3) years of
receipt; and
8. Year-end expenditure report.
The City of Seal Beach successfully submitted all required items above to OCTA
by the required annual deadline of June 30, 2014. The year-end expenditure
report is required to be submitted by December 31, 2014. This report
summarizes all Measure M2 expenditures for the prior fiscal year. A copy of the
report is attached. By approving said report, it will allow the City to continue to
receive OCTA Measure M2 funds.
ENVIRONMENTAL IMPACT:
There is no environmental impact related to this item.
LEGAL ANALYSIS:
The City Attorney has reviewed and approved as to form.
FINANCIAL IMPACT:
Currently, the City receives approximately $470,829 in Measure M2 "turnback"
funds annually. Additionally, the City of Seal Beach remains eligible to receive
funding for the numerous competitive grants secured within Measure M2.
RECOMMENDATION:
That the City Council adopt Resolution No. 6524 approving the submittal of the
yearly expenditure report to OCTA for Measure M2 Eligibility.
SUBMITTED BY ,. NOTED AND APPROVED:
n
Sean P. Crumby P.E. II Ingram, Citynllla a er
Director of Public Works
Prepared by: David Spitz, P.E. Associate Engineer
Attachments:
A. Resolution No. 6524
B. Yearly Measure M2 Expenditure Report
Page 2
RESOLUTION NUMBER 6524
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
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
Beach.
PASSED, APPROVED AND ADOPTED by the Seal Beach City Council at a
regular meeting held on the 8th day of December, 2014 by the following vote:
AYES: Council Members
NOES: Council Members
ABSENT: Council Members
ABSTAIN: Council Members
Mayor
ATTEST:
City Clerk
STATE OF CALIFORNIA
COUNTY OF ORANGE j 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 6524 on file
in the office of the City Clerk, passed, approved, and adopted by the City Council
at a regular meeting held'on the 8th.—day of December ,2014
City Clerk
City of Seal Beach Schedule 1
M2 Expenditure Report
Fiscal Year Ended June 30, 2014
Beginning and Ending Balances
Le
In
Description L in Amount
Balances at Beginning of Fiscal Year
M2 Fairshare 1 $ 499,081
................
M2 Fairshare Interest 2 1®456
M2 CTFP 3 $ 10,671
;M2 CTFP Interest 4
.Other M2Fu¢ding, w. _5
:Other M2 Interest 6
-L. . .............. ..... ..
;+Other* 7
Balances at Beginning of Fiscal Year(Sum Lines .to 7).,... �„ ���� � � _25. q?.
s 1 to 7 8 $ 2.54,709
Monies Made Available Durin Fiscal Year $ 547,716µ1.
Total Monies AvaiiNII�IVe(Sum Lm es 8&9) w m 10 $ 802425
�,Ex en_ituresDurtn Fiscal Year... .................ww. 11. $ 886,901
Balances at End of Fiscal Year
....._. . _ ......................_
r92 Fairshare ..,..
e 12 $ 8'88,940
M2 Fairshare Interest 13 1.
ww m
M2 CTFP 1427,818
;M2 CTFP Interest 15 $
Other M2 Funding .,.,.-.,..,..�..,. ,.,...... ......... 16 . $ .....W.....Q�899�6 G
MCather M Interest 17 $
.. .. ...... .......„. ..,.,
Other* lg $
*Please provide a specific description
CTFP-Combined Transportation Funding Program
Revision No.2
4/14/14
City of Seal Beach Schedule 2
M2 Expenditure Report
Fiscal Year Ended June 30,2014
Sources and Uses
Description in Amount
Revenues:
Fairshare
M2 Fairshare Interest 2 $ 7,075
YM2 CTFP Interest 4,. $
:Other M2 Funding** 5 69,912
„
..... .... „., ......
;Other M2 Interest 6
:Other* 7 $ M..
TOTAL REVENUES Sum lines 1 to 7 8 $ 547,716
Ea penditures .,
M2 Fairshare 9 85,970
..,,,.,
M2 Fairshare Interest 10
M2 Ct I P QIIroe�t.0�......... .........ti. s. „ . . ....... 11 $ 37,984... ......
M2 CTFP Interest 12
'Other M2 Funding,** ..,.,. „ ,,,,,u..,, , 13 , ,. 212,947
;Other M2 Interest 14
"Other* 15
TOTAL EXPENDITURES Sum lines 9 to 15 16 $ 336,901
TOTAL BALANCE(Subtract line 16 from 8) 17 $ 210,815
"Please provide a specific description
**Please provide breakdown of"Other M2 Funding".Other M2 Funding includes funding received and/or funds expended by Local Agencies from any
other M2 program besides Project O(Regional Capacity Program)and Project Q(Local Fair Share Program).
Revenues
Regional[Traffic Signal S nchronlzatlon Pro rain P $
High Frequency Metrolink Service R $
Transit Extensions to Metrolink S $
Convert Metrolink Station(s)to Regional Gateways that connect Orange County with T $
High-Speed Rail Systems
Senior Mobility Program or Senior Non-Emergency Medical Program U $ 69,812.00 See Note 1
Community Based Transit/Circulators V $
Safe Transit Stops W $ -
Water Quality Program X $
Ex canditures
Re tonal Traffic Signal nchronlzatlon Pro ram P
High Frequency Metrolink Service R $
'transit Extensions to Metrolink S $
Convert Metrolink Station(s)to Regional Gateways that connect Orange County with T $
Hi h-S eed Rail S stems
Senior Mobility Program or Senior Non-Emergency Medical Program U $ 200,286.00
Community Based Transit/Circulators V $
Safe Transit Stops W $
Water Quality Program X $ 12,661.00
Note 1: Seal Beach accrued the May-June receipt from OCTA and then reversed and recorded actual on July 1st.
Revision No.2
4/14/14
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City of Seal Beach Schedule 4
M2 Expenditure Report
Fiscal Year Ended June 30, 2014
Fairshare Project List
PROJECT NAME AMOUNT EXPENDED
ST-1402:Local Stree Resurfacing $ 69,986
ST-1409 Westminster Ave Resurfacing 15,984
........... ..... . .... .......,,,. .,,rt..w. ,.. . . .......a. ..,. ..,.,..,m...,.....
$ 85,970
Revision No.2
4!74/74
City of Seal Beach Signature Page
M2 Expenditure Report
Fiscal Year Ended June 30,2014
1 certify that the interest earned on Net Revenues allocated pursuant to the Ordinance shall be expended only for
those purposes for which the Net Revenues were allocated and all the information attached herein is true and
accurate to the best of my knoWed e:
Director of Finance 1 3
Revision No.2
4/14/14