HomeMy WebLinkAbout2006-34 - Measure M FundsRESOLUTION NO. 2006 - 34
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NEWPORT BEACH, STATE OF CALIFORNIA, APPROVING
THE EXPENDITURE PLAN FOR THE REVENUES
EXPECTED TO BE DERIVED FROM THE PROPOSED
EXTENSION OF MEASURE M
WHEREAS, the citizens of Orange County approved passage of Measure
M in November 1990 authorizing the Orange County Transportation Authority to
administer a one -half of one percent transactions and use tax for transportation
improvements, applicable in the incorporated and unincorporated territory of the County
of Orange; and
WHEREAS, Measure M has provided funding for numerous transportation
projects, including freeways, local roads, major streets, interchanges, the Metrolink
commuter train system, fare stabilization, traffic signals, and more; and
WHEREAS, the imposition of the one -half of one percent transactions and
use tax is set to expire in 2011, and
WHEREAS, The League of California Cities, Orange County Division
created a Super Committee of elected official and staff representatives from each city that
worked to coordinate city input to the Investment Plan and unanimously recommended
that the Investment Plan be placed before the voters of Orange County on November 7,
2006, ballot or as soon as is practical thereafter, and
WHEREAS, if approved by the voters, Measure M would authorize the
collection of a one -half of one percent sales tax for a 30 -year period from 2011 to 2041,
generating an anticipated total of $11 billion for local transportation projects, and
WHEREAS, revenues raised from the continuation of Measure M would
remain in Orange County and could not be borrowed by the state or federal government,
and
WHEREAS, Measure M would provide a long -term funding source to help
fight traffic congestion; improve local streets, major roads and highways, expand transit
services and provide transportation- related water quality improvements, and
WHEREAS, the Transportation Investment Plan would have significant local
benefits to the City of Newport Beach as it would allow for the widening of streets, the
expansion of intersections, the coordination of signals, and the development of a
community bus service for seniors and city community groups, and
WHEREAS, the Transportation Investment Plan requires voter safeguards
such as annual independent audits, public review of the Plan every 10 years, annual
report to taxpayers and penalties for misspending funds, and
WHEREAS, Public Utilities Code section 180206 (b) requires that the
Measure M Investment Plan be approved by the County Board of Supervisors and a
majority of the cities representing a majority of the population residing in the incorporated
areas of the County.
NOW, THEREFORE, be it resolved by the City Council of the City of
Newport Beach, State of California, hereby approves the Measure M transportation
Investment Plan for consideration by the voters of Orange County in November 2006.
BE IT FURTHER RESOLVED, that the City Clerk is hereby authorized and
directed to transmit to the Orange County Transportation Authority a certified copy of this
Resolution.
Adopted this 9 day of May, 2006.
E
Mayor
STATE OF CALIFORNIA }
COUNTY OF ORANGE } as.
CITY OF NEWPORT BEACH }
I, LaVonne M. Harkless, City Clerk of the City of Newport Beach, California, do
hereby certify that the whole number of members of the City Council is seven; that the foregoing
resolution, being Resolution No. 2006 -34 was duly and regularly introduced before and adopted by
the City Council of said City at a regular meeting of said Council, duly and regularly held on the 9th
day of May 2006, and that the same was so passed and adopted by the following vote, to wit:
Ayes: Curry, Selich, Rosansky, Ridgeway, Daigle, Mayor Webb
Noes: Nichols
Absent: None
Abstain: None
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the
official seal of said City this 10th day of May 2006.
(Seal)