HomeMy WebLinkAbout18-83 - Measure M2 Expenditure Report for Fiscal Year ending June 30, 2018RESOLUTION NO. 18-83
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA,
CALIFORNIA, ADOPTING THE MEASURE M2 EXPENDITURE REPORT FOR THE
CITY OF COSTA MESA FOR FISCAL YEAR ENDING JUNE 30, 2018
THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES HEREBY
RESOLVE AS FOLLOWS:
WHEREAS, Orange County Transportation Authority (OCTA) Ordinance No. 3
requires local jurisdictions to meet eligibility requirements and submit eligibility verification
packages to OCTA in order to remain eligible to receive M2 funds; and
WHEREAS, as one of the eligibility requirements, local jurisdictions are required
to adopt an annual Expenditure Report to account for Net Revenues, developer/traffic
impact fees, and funds expended by the local jurisdiction that satisfy the Maintenance of
Effort requirements; and
WHEREAS, the Expenditure Report must 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 (6) months of the end of the local jurisdiction's fiscal year to be eligible
to receive Net Revenues as part of Measure M2.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Costa
Mesa, California, does hereby inform the OCTA that:
(a) The attached M2 Expenditure Report 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 the fiscal
year.
(b) The M2 Expenditure Report is hereby adopted for the City of Costa Mesa.
(c) The Costa Mesa Finance Director is hereby authorized to sign and submit
the Measure M2 Expenditure Report to OCTA for the fiscal year ending
June 30, 2018.
Resolution No. 18-83 Page 1 of 2
PASSED AND ADOPTED this 4th day of December, 2018.
ATTEST:
APPROVED AS TO FORM:
,&A' -fir &.41
Brenda Green, dity Clerk Thomas . Duarte, City Att4hey
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF COSTA MESA )
I, BRENDA GREEN, City Clerk of the City of Costa Mesa, DO HEREBY CERTIFY
that the above and foregoing is the original of Resolution No. 18-83 and was duly passed
and adopted by the City Council of the City of Costa Mesa at a regular meeting held on
the 4th day of December, 2018, by the following roll call vote, to wit:
AYES: COUNCIL MEMBERS: CHAVEZ, GENIS, MANSOOR, MARK,
REYNOLDS,STEPHENS,FOLEY
NOES: COUNCIL MEMBERS: NONE
ABSENT: COUNCIL MEMBERS: NONE
IN WITNESS WHEREOF, I have hereby set my hand and affixed the seal of the
City of Costa Mesa this 5th day of December, 2018.
Brenda Green, dAy Clerk
Resolution No. 18-83 Page 2 of 2