City Council

6.\nMEASURE M2 FAIRSHARE ANNUAL EXPENDITURE REPORT The\nLocal Transportation Authority Ordinance No. 3 requires the City to adopt\nan annual expenditure report detailing Net Revenues, developer/traffic\nimpact fees, and City expenditures that meet the Maintenance of Effort\n(MOE) requirements. The Orange County Transportation Authority (OCTA)\nestablished the MOE benchmark with the original passage of Measure M.\nUnder the MOE requirement, the City must spend local funds on\ntransportation-related projects each fiscal year to remain eligible to\nreceive Measure M2 Fairshare funds. For Fiscal Year 2024-25, the City’s\nrequired MOE expenditure is $1,938,025.\nRecommendation: It is recommended that the City Council adopt\nResolution No. 25-73, adopting the Measure M2 Expenditure Report for\nFiscal Year 2024-2025 (attached), and direct staff to file the report with the\nOrange County Transportation Authority. RESOLUTION NO. 25-73 A\nRESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN,\nCALIFORNIA CONCERNING THE MEASURE M2 (M2) EXPENDITURE\nREPORT FOR THE CITY OF TUSTIN, CALIFORNIA Fiscal Impact: There\nis no fiscal impact associated with this item.\nAGENDA REPORT