Title
Proposed Amendment to the Orange County Local Transportation Authority Measure M2 Ordinance No. 3
Overview
The voter-approved Measure M2 Ordinance No. 3 requires that local jurisdictions meet a maintenance of effort requirement to remain eligible to receive Measure M2 funding. Local jurisdictions are continuing to experience uncertainties in general fund revenues due to the coronavirus pandemic, which is anticipated to impact their ability to meet the maintenance of effort requirement. In response to these impacts, the Board of Directors approved an amendment to the Measure M2 Ordinance No. 3 in June 2020 to provide flexibility on this requirement through fiscal year 2020-21. An amendment to extend the revised maintenance of effort requirement through fiscal year 2021-22 is proposed to continue assisting local jurisdictions through this period of economic uncertainty.
Recommendation(s)
A. Direct staff to initiate the process to amend the Orange County Local Transportation Authority Measure M2 Ordinance No. 3 to extend the fiscal year 2020-21 revised maintenance of effort requirement into fiscal year 2021-22 to continue assisting local jurisdictions through this period of economic uncertainty.
B. Direct staff to set a date of May 24, 2021, for a public hearing and Board of Directors’ action to consider adoption of the amendment to the Orange County Local Transportation Authority Measure M2 Ordinance No. 3 as it relates to the maintenance of effort requirement.