HomeMy WebLinkAboutCC Res 6697 2016-11-14RESOLUTION NUMBER 6697
A RESOLUTION OF THE SEAL BEACH CITY COUNCIL
APPROVING THE MEASURE M2 EXPENDITURE REPORT FOR
THE CITY OF SEAL BEACH FOR FISCAL YEAR 2015/2016
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 for fiscal year 2015/2016,
attached hereto as Exhibit "A" and incorporated herein by this reference, 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.
Section 3. The City Manager shall cause the M2 Expenditure Report to be
submitted to the Orange County Transportation Authority no later than December
31, 2016.
PASSED, APPROVED AND ADOPTED by the Seal Beach City Council at a
regular meeting held on the 14th day of November, 2016 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Council Members:
Council Members:
Council Members:
Council Members:
Massa - Lavitt, Varipapa, Deaton, Sloan, Miller
None
None
None
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COUNTY OF ORANGE
CITY OF SEAL BEACH
SS
I, Robin Roberts, City Clerk of the City of Seal Beach, do hereby certify that the
foregoing resolution is the original copy of Resolution Number 6697 on file in
the office of the City Clerk, passed, approved, and adopted by the City Council at
a regular meeting held on the 14th day of November 2016.
Robin L. Roberts, City Clerk
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