5.
Measure M2 2023 Update: Next 10 Delivery Plan
Francesca Ching/Kia Mortazavi
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.
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.
Attachments:
6.
Proposed Amendment to the Orange County Local Transportation Authority
Measure M2 Ordinance No. 3
Francesca Ching/Kia Mortazavi
Overview
The Renewed Measure M Transportation Ordinance and Investment Plan Ordinance No. 3
requires an independent Taxpayer Oversight Committee to review annual audits and make
a determination whether the Orange County Local Transportation Authority is proceeding
in accordance with what was promised to the voters. In addition, it requires the Chair of the
Taxpayer Oversight Committee to provide an annual certification of whether revenues have
been spent in compliance with the Renewed Measure M Transportation Investment Plan.
An amendment is being proposed to provide additional clarity to the well-established
functions and responsibilities of the Taxpayer Oversight Committee and the Chair of the
Taxpayer Oversight Committee.
Recommendations
A.
Direct staff to set a date of January 8, 2024, for a public hearing and Board of