HomeMy WebLinkAbout14-76 - Measure M2 Expenditure Report for FY 2013-2014RESOLUTION NO. 14-76
A -RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA,
CALIFORNIA, ADOPTING THE MEASURE M2 EXPENDITURE REPORT FOR
FISCAL YEAR 2013-2014.
THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES HEREBY RESOLVE AS
FOLLOWS:
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 part of Measure
M2.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Costa Mesa, California, does hereby inform the Orange County Transportation
Authority that:
a) The attached 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.
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b) The M2 Expenditure Report is hereby adopted for the City of Costa Mesa.
BE IT FURTHER RESOLVED The City Clerk shall certify to the passage and
adoption of this Resolution and it shall thereupon take effect and be in force.
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AND ADOPTED this 2nd day of December, 2014.
en Mensinger, Mayor
ATTEST:
Brenda Green, Ci Clerk
APPROVED AS TO FORM:
Thomds Y'. Marte, pity Attorney
Resolution No. 14-76 Page 2 of 3
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. 14-76 and was
duly passed and adopted by the City Council of the City of Costa Mesa at a regular
meeting held on the 2nd day of December, 2014, by the following roll call vote, to wit:
AYES: COUNCIL MEMBERS: Foley, Genis, Monahan, Righeimer, Mensinger
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 2nd day of December, 2014.
Brenda -Green, -Cit jerk
(SEAL)
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