HomeMy WebLinkAboutCC Res 7585 2024-12-09 RESOLUTION 7585
A RESOLUTION OF THE SEAL BEACH CITY COUNCIL
APPROVING THE MEASURE M2 EXPENDITURE REPORT FOR
THE CITY OF SEAL BEACH FOR FY 2023-2024
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 M2 Expenditure
Report as part 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 M2
Expenditure Report that satisfy the Maintenance of Effort requirements; and,
WHEREAS, the M2 Expenditure Report shall include all Net Revenue fund
balances, interest earned and expenditures identified by type and program or
project; and,
WHEREAS, the M2 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.
NOW, THEREFORE, THE SEAL BEACH CITY COUNCIL DOES HEREBY
RESOLVE:
Section 1. The Measure M2 Expenditure Report for Fiscal Year 2023-2024,
incorporated herein by this reference, is in conformance with the
M2 Expenditure Report Template provided in the Measure M2
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 Director of Finance/City Treasurer is hereby
authorized to sign and submit the M2 Expenditure Report for Fiscal
Year ending June 30, 2024 to the Orange County Transportation
Authority no later than December 31, 2024.
PASSED, APPROVED AND ADOPTED by the Seal Beach City Council at a
regular meeting held on the 9th day of December 2024 by the following vote:
AYES: Council Members Kalmick, Moore, Steele, Landau, Sustarsic
NOES: Council Members
ABSENT: Council Members
ABSTAIN: Council Members
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Schelly Sustarsic, Mayor
ATTEST:
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Gloria D. Harpe , City Clerk Cph, o �
STATE OF CALIFORNIA }
COUNTY OF ORANGE }
CITY OF SEAL BEACH }
I, Gloria D. Harper, City Clerk of the City of Seal Beach, do hereby certify that the
foregoing resolution is the original copy of Resolution 7585 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 2024.
Gloria D. Har r, ity Clerk