HomeMy WebLinkAbout2015-101 - Concerning the Measure M2 Expenditure Report for the City of Newport Beach for the Fiscal Year Ending June 30, 2015. RESOLUTION NO. 2015-101
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH
CONCERNING THE MEASURE M2 EXPENDITURE REPORT FOR THE CITY OF
NEWPORT BEACH FOR THE FISCAL YEAR ENDING JUNE 30, 2015.
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 that 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, the City Council of the City of Newport Beach resolves
as follows:
Section 1: The City Council informs OCTA that:
a) The 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 by the City of Newport
Beach.
c) The City of Newport Beach's Finance Director is hereby authorized to
sign and submit the Measure M2 Expenditure Report to OCTA for the fiscal
year ending June 30, 2015.
Section 2: The City Council find this action is not subject to the California
Environmental Quality Act ("CEQA") pursuant to Section 15060(C)(2) (the activity
will not result in a direct or reasonably foreseeable indirect physical change in the
environment) and 15060(C)(3) (the activity is not a project as defined in Section
15378) of the CEQA Guidelines, California Code of Regulations, Title 14, Chapter
3, because it has no potential for resulting in physical change to the environment,
directly or indirectly.
Resolution No. 2015-101
Page 2 of 2
Section 3: This resolution shall take effect immediately upon its adoption by
the City Council, and the City Clerk shall certify the vote adopting the resolution.
ADOPTED this 24th day of November, 2015.
Edward D. Selich
Mayor
ATTEST:
eilani I. Brown
City Clerk
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C�41PORN
STATE OF CALIFORNIA }
COUNTY OF ORANGE } ss.
CITY OF NEWPORT BEACH }
I, Leilani I. Brown, 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. 2015-101 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 24th day of November, 2015, and that the
same was so passed and adopted by the following vote, to wit:
AYES: Council Member Peotter, Council Member Petros, Council Member Curry,
Council Member Duffield, Council Member Muldoon, Mayor Pro Tem Dixon,
Mayor Selich
NAYS: None
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the official seal of
said City this 24th day of November, 2015.
City Cler '
Newport Beach, California
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