HomeMy WebLinkAbout15-65 - Adopt Measure M2 Expenditure Report: FY 2014/2015RESOLUTION NO. 15-65
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA,
CALIFORNIA, ADOPTING THE MEASURE M2 EXPENDITURE REPORT FOR
FISCAL YEAR 2014-2015.
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.
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.
Resolution No. 15-65 Page 1 of 2
PASSED AND ADOPTED this 1St day of December, 2015.
Stephen M. MensiAdEr, Mayor
ATTEST:
Brenda Green, Cit Clerk
STATE OF CALIFORNIA)
COUNTY OF ORANGE ) ss
CITY OF COSTA MESA )
APPROVED AS TO FORM:
Thoma's Duarte 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. 15-65 and was duly passed and
adopted by the City Council of the City of Costa Mesa at a regular meeting held on the
1 st day of December 2015, 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, 2015.
C -Pr u
Brenda Green, ity Clerk
Resolution No. 15-65 Page 2 of 2