HomeMy WebLinkAboutCC Res 6984 2019-12-09 RESOLUTION 6984
llA RESOLUTION OF THE SEAL BEACH CITY COUNCIL
APPROVING THE MEASURE M2 EXPENDITURE REPORT FOR
THE CITY OF SEAL BEACH FOR FY 2018-2019
WHEREAS, local jurisdictions are required to meet eligibility requirements and
submit eligibility verification packages to Orange County Transportation Authority
(OCTA) in order to remain eligible to receive M2 funds, and,
WHEREAS, local jurisdictions are required to adopt an annual Expenditure
Report as part of one of the eligibility requirements, and,
WHEREAS, local jurisdictions are required to account for Net Revenues,
developer/traffic impact fees, and funds expended by local jurisdiction in the
Expenditure Report that 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
OCTA each year within six months of the end of the local jurisdiction's fiscal year
to be eligible to receive Net Revenues as part of M2.
THE SEAL BEACH CITY COUNCIL DOES HEREBY RESOLVE:
Section 1. The Measure M2 Expenditure Report for fiscal year 2018/2019,
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 of Seal Beach Finance Director/City Treasurer is hereby
authorized to sign and submit the M2 Expenditure Report for the fiscal year
ending June 30, 2019 to the Orange County Transportation Authority no later
than December 31, 2019.
PASSED, APPROVED AND ADOPTED by the Seal Beach City Council at a
regular meeting held on the 9th day of December, 2019 by the following vote:
AYES: Council Members: Kalmick, Moore, Massa-Lavitt, Sustarsic, Varipapa
NOES: Council Members: None
ABSENT: Council Members: None
ABSTAIN: Council Members: None
Thomas Moore, Mayor
ATTEST: - o-
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e loria D. Harpe !City Clerk Cr�'
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STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
1, Gloria D. Harper, City Clerk of the City of Seal Beach, do hereby certify that the
foregoing resolution is the original copy of Resolution 6983 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 2019.
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loria D. Har ,r, City Clerk