HomeMy WebLinkAbout2023-55 - Measure M2 Expenditure Report Year Ending June 30, 2023RESOLUTION NO. 2023-55
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 THE FISCAL YEAR ENDING JUNE 30, 2023
THE CITY COUNCIL OF THE CITY OF COSTA MESA HEREBY FINDS,
DETERMINES, AND DECLARES AS FOLLOWS:
WHEREAS, local jurisdictions are required to meet eligibility requirements and
submit eligibility verification packages to the 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 one of the eligibility requirements; and
WHEREAS, local jurisdictions are required to account for Net Revenues,
developer/traffic impact fees, and funds expended by the local jurisdiction in the M2
Expenditure Report that satisfy the Maintenance of Effort requirements; and
WHEREAS, the M2 Expenditure Report must 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 (6) months of the end of the local jurisdiction's fiscal year to
be eligible to receive Net Revenues as part of M2.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF COSTA MESA AS FOLLOWS:
Section 1. The City Council of the City of Costa Mesa does hereby inform the
OCTA that:
(a) The M2 Expenditure Report is in conformance with the 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 by the City of Costa Mesa.
Resolution No. 2023-55 Page 1 of 3
(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, 2023.
Section 2. The City Clerk shall certify to the passage and adoption of this
Resolution and shall enter it into the book of original resolutions.
Resolution No. 2023-55 Page 2 of 3
PASSED AND ADOPTED this 5th day of De
ATTEST:
�&w Ja_ ,�
Brenda Green, Vity Clerk
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF COSTA MESA )
ss
J
r, 2023.
ns, Mayor
APPROVED AS TO FORM:
K mberly H 1 Barlow, City Attorney
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. 2023-54 and
was duly passed and adopted by the City Council of the City of Costa Mesa at a
regular meeting held on the 5th day of December, 2023, by the following roll call vote,
to wit:
AYES: COUNCIL MEMBERS: CHAVEZ, GAMEROS, MARR, REYNOLDS, HARLAN,
AND STEPHENS.
NOES: COUNCIL MEMBERS: NONE.
ABSENT: COUNCIL MEMBERS: HARPER.
IN WITNESS WHEREOF, I have hereby set my hand and affixed the seal of
the City of Costa Mesa this 6th day of December, 2023.
1KW(i&CVVA0
Brenda Green, Oy Clerk
Resolution No. 2023-55 Page 3 of 3