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File #: 22-4563   
Type: Orange County Local Transportation Authority Item Status: Passed
File created: 11/10/2022 In control: Executive Committee
On agenda: 11/6/2023 Final action: 11/13/2023
Title: Measure M2 2023 Update: Next 10 Delivery Plan
Sponsors: Francesca Ching, Kia Mortazavi
Indexes: M2
Attachments: 1. Transmittal, 2. Staff Report, 3. Attachment A, 4. Attachment B, 5. Attachment C, 6. Attachment D, 7. Presentation

Title

Measure M2 2023 Update: Next 10 Delivery Plan

Overview

Overview

The Measure M2 Next 10 Delivery Plan aims to strategically deliver Measure M2 freeway, roadway, transit, and environmental projects. A comprehensive review of the M2 Next 10 Delivery Plan was recently conducted to incorporate updates to the Measure M2 sales tax revenue forecast, external funding assumptions, and project information. As a result of this review, staff has prepared the 2023 update of the Measure M2 Next 10 Delivery Plan. The 2023 update verifies the realization of Measure M2 near-term commitments through fiscal year 2032, maintains fiscal sustainability, and strives to deliver transportation benefits expeditiously to the benefit of the Orange County community. The draft update is presented to the Board of Directors for review and approval.

Recommendation

Recommendations

A.                     Adopt the 2023 Measure M2 Next 10 Delivery Plan.

 

B.                     Direct staff to continue to work with Metrolink to develop a financially sustainable service plan.

 

C.                     Direct staff to continue to monitor revenue and project cost shifts that could affect the delivery plan and return to the Board of Directors with changes if necessary.