Orange County Transportation Authority

Finance and Administration Committee Agenda - FINAL

Wednesday, June 11, 2025 at 10:30 a.m.

Board Room, 550 South Main Street, Orange, California

Committee Members

Michael Hennessey, Chair

Patrick Harper, Vice Chair

Jamey M. Federico

William Go

Carlos A. Leon

Vicente Sarmiento

Mark Tettemer

Any person with a disability who requires a modification or accommodation in order to participate

in this meeting should contact the Orange County Transportation Authority (OCTA) Clerk of the

Board's office at (714) 560-5676, no less than two business days prior to this meeting to enable

OCTA to make reasonable arrangements to assure accessibility to this meeting.

Agenda Descriptions

Agenda descriptions are intended to give members of the public a general summary of items of

business to be transacted or discussed. The posting of the recommended actions does not

indicate what action will be taken. The Committee may take any action which it deems to be

appropriate on the agenda item and is not limited in any way by the notice of the recommended

action.

Public Availability of Agenda Materials

All documents relative to the items referenced in this agenda are available for public inspection at

www.octa.net or through the Clerk of the Board’s office at the OCTA Headquarters, 600 South

Main Street, Orange, California.

Meeting Access and Public Comments on Agenda Items

Members of the public can either attend in-person or access live streaming of the Committee

meetings by clicking this link: https://octa.legistar.com/Calendar.aspx

In-Person Comment

Members of the public may attend in-person and address the Board regarding any item within the

subject matter jurisdiction of the Orange County Transportation Authority. Please complete a

speaker’s card and submit it to the Clerk of the Board and notify the Clerk regarding the agenda

item number on which you wish to speak. Speakers will be recognized by the Chair at the time of

the agenda item is to be considered by the Board. Comments will be limited to three minutes. The

Brown Act prohibits the Board from either discussing or taking action on any non-agendized

items.

Written Comment

Written public comments may also be submitted by emailing them to ClerkOffice@octa.net, and

must be sent by 5:00 p.m. the day prior to the meeting. If you wish to comment on a specific

agenda Item, please identify the Item number in your email. All public comments that are timely

received will be part of the public record and distributed to the Board. Public comments will be

made available to the public upon request.

Call to Order

Pledge of Allegiance

Director Go

Closed Session

There are no Closed Session items scheduled.

Special Calendar

Taxable Sales Forecast - Chapman University

Sam Kaur/Andrew Oftelie

Overview

Orange County Transportation Authority contracts with several economic specialists to

provide an annual 30-year taxable sales forecast for Measure M2. The latest forecasts

were received in Spring 2025. Raymond Sfeir, PhD, from Chapman University will provide

an update on the annual forecast and economic outlook for Orange County to the Finance

and Administration Committee.

Attachments:

Presentation

Consent Calendar (Items 2 through 6)

All items on the Consent Calendar are to be approved in one motion unless a Committee

Member or a member of the public requests separate action or discussion on a specific item.

Approval of Minutes

Clerk of the Board

Recommendation (s)

Approve the minutes of the May 28, 2025 Finance and Administration Committee meeting.

Attachments:

Minutes

Declare Surplus Property for the Interstate 5 Improvement Project Between State

Route 73 and Oso Parkway

Joe Gallardo/James G. Beil

Overview

The Orange County Transportation Authority’s Interstate 5 Improvement Project between

State Route 73 and Oso Parkway required the acquisition of property rights from public

and private parties, adjacent to the existing freeway and city streets. Staff is requesting

approval to sell a portion of a vacant commercial property, approximately 10,148 square

feet, located at the corner of Camino Capistrano and Avery Parkway in the City of Laguna

Niguel, Assessor Parcel No. 637-231-01, and a portion of a vacant commercial property

approximately 24,434 square feet, located at Marguerite Parkway and Avery Parkway in

the City of Mission Viejo, assessor parcel nos. 740-014-01 and 740-014-05 as surplus

land, under the Surplus Land Act (Government Code Section 54221 et seq.).

Recommendations

Declare a portion of the property located at the corner of Camino Capistrano and

Avery Parkway in the City of Laguna Niguel, within the Interstate 5 Improvement

Project between State Route 73 and Oso Parkway, Assessor Parcel No. 637-231-

01, as surplus land pursuant to the Surplus Land Act (Government Code Section

54221 et seq.).

Declare a portion of the property located at the corner of Marguerite Parkway

andAvery Parkway in the City of Mission Viejo, within the Interstate 5 Improvement

Project between State Route 73 and Oso Parkway, assessor parcel nos. 740-014-

01 and 740-014-05, as surplus land pursuant to the Surplus Land Act (Government

Code Section 54221 et seq.).

Direct staff to seek potential buyers interested in the purchase of the surplus lands

located within the Interstate 5 Improvement Project between State Route 73 and

Oso Parkway in accordance with Surplus Land Act (Government Code Section

54221 et seq.) and the Real Property Policies and Procedure Manual, dated

August 22, 2022.

Direct staff to negotiate sales terms with potential buyers and return to the Board of

Directors to recommend approval of the sale of the surplus land.

Attachments:

Staff Report

Attachment A

Orange County Transportation Authority Investment and Debt Programs Report -

April 2025

Robert Davis/Andrew Oftelie

Overview

The Orange County Transportation Authority has a comprehensive investment and debt

program to fund its immediate and long-term cash flow demands. Each month, the

Treasurer submits a report detailing investment allocation, performance, compliance,

outstanding debt balances, and credit ratings for the Orange County Transportation

Authority’s debt program. This report is for the month ending April 30, 2025. The report

has been reviewed and is consistent with the investment practices contained in the

investment policy.

Recommendation(s)

Receive and file as an information item.

Attachments:

Staff Report

Attachment A

Attachment B

Environmental Mitigation Program Endowment Fund Investment Report for March

31, 2025

Robert Davis/Andrew Oftelie

Overview

The Orange County Transportation Authority has developed

Natural Community

Conservation Plan/Habitat Conservation Plan, acquired conservation properties, and

funded habitat restoration projects to mitigate the impacts of Measure M2 freeway

programs. The California Community Foundation manages the non-wasting endowment

required to fund the long-term management of the conservation properties. Each quarter,

the California Community Foundation publishes a comprehensive report detailing the

composition of the pool and its performance.

Recommendation(s)

Receive and file as information item.

Attachments:

Third Quarter Fiscal Year 2024-25 Procurement Status Report

Pia Veesapen/Andrew Oftelie

Overview

The third quarter procurement status report summarizes the procurement activities for

information purposes to the Orange County Transportation Authority Board of Directors.

This report focuses on procurement activity from January 1, 2025 through March 31, 2025,

that was approved by the Board of Directors during this period. The third quarter

procurement status report also projects future procurement activity for the fourth quarter as

identified in the fiscal year 2024-25 budget.

Recommendation(s)

Receive and file as an information item.

Attachments:

Regular Calendar

Reserve Policy Update

Sean Murdock/Andrew Oftelie

Overview

The Orange County Transportation Authority is committed to prudent fiscal management

and maintaining the ability to fund its programs and services during times of economic

uncertainty. The Orange County Transportation Authority has a history of maintaining

reserves to mitigate the impacts of financial risks to the programs it operates. Staff is

proposing to update the reserve policy to increase the minimum balance requirement for

the general liability reserve.

Recommendation(s)

Adopt the Proposed Reserve Policy dated June 23, 2025, and implement the policy in

current and future financial plans.

Attachments:

Staff Report

Attachment A

Attachment B