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Att 5 PowerPoint Presentation

City Council/Public Financing Authority
June 4, 2024

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Att 5 PowerPoint Presentation
Meeting
June 4, 2024
Body
City Council/Public Financing Authority
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Text extracted from the city's file for reading and search. Open the original on huntingtonbeach.legistar1.com. That file is the official record.

Resolutions and
7-year CIP for
Measure M2
Eligibility
June 4, 2024 Council Meeting

Background
• Measure M (1991 – 2011)
• Approved by Orange County voters on 11/6/1990
• Half-cent local transportation sales tax to maintain and improve local streets • Measure M2 (2011 – 2041)
• Renewed Measure M approved by Orange County voters on 11/7/2006 • City must annually demonstrate compliance to receive Measure M net revenues • City’s Measure M2 local fair share allocation in FY 24/25 is approx. $4.7M • M2 Eligibility Requirements (FY 2024/25)
• Adopt Resolution concerning the status and update of the Pavement Management Plan
• Adopt 7-year Capital Improvement Program (CIP) for FY 24/25 – FY 30/31

Key Elements
• Pavement Management Plan (PMP)
• A plan to manage the preservation, rehabilitation, and maintenance of paved roads by analyzing pavement life cycles, assessing overall system performance costs, and determining alternative strategies and costs necessary to improve paved roads. • 7-Year Capital Improvement Plan (CIP)
• Identifies all projects currently and potentially funded by OCTA Measure M2 funds

Questions?

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