Subject
title
Measure M2 Community-Based Transit Circulators Program Project V Ridership Report and Grant Confirmation for the 2024 Balboa Peninsula Trolley
overview
Overview
Measure M2 is a multimodal transportation improvement program which includes a program to fund community-based transit circulators known as Project V. The goal of this program is to provide local transit services that complement regional bus and rail service in areas not served by regional transit. Funding is awarded to local jurisdictions through a competitive call for projects. Local jurisdictions then implement the awarded services and are required to report on the performance of the services to ensure each meets the required performance standards. This report covers the period from October 2024 to March 2025.
recommendation
Recommendation(s)
A. Receive and file the Project V Ridership Report.
B. Confirm Project V funding for the City of Newport Beach’s 2024 Balboa Peninsula Trolley grant of $3,274,720, consistent with prior Board of Directors’ action.
C. Authorize the Chief Executive Officer or his designee to negotiate, amend, and enter into an agreement with the City of Newport Beach for the grant amount of $3,274,720 for the Balboa Peninsula Trolley.