TO: LINDA REICH, CITY MANAGER
FROM: HYE JIN LEE, PE, DIRECTOR OF PUBLIC WORKS
SUBJECT
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Measure I 5-Year Improvement Plan and Expenditure Strategy for Fiscal Year 2024-2025 through Fiscal Year 2028-2029.
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RECOMMENDATION
Adopt Resolution No. 2024-038, approving the Measure I Local Street Pass-Through Funds Five-Year Capital Improvement Plan and Expenditure Strategy for Fiscal Year 2024-2025 through Fiscal Year 2028-2029.
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FISCAL IMPACT
Adoption of the Measure I Local Street Pass-Through Funds Five-Year Capital Improvement Plan and Expenditure Strategy is required to receive and expend Measure I funds. Measure I expenditures are included in the FY 2024-2025 Adopted Budget.
CITY OF CHINO MISSION / VISION / VALUES / STRATEGIC ISSUES
The recommendation detailed above further the City’s values and strategic issues that serve as key pillars on which identified priorities, goals, and action plans are built, by fostering:
• Financial Stability
• Responsible Long-Range Planning
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Expenditure: Fund 322 |
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BACKGROUND
In November 1989, San Bernardino County voters approved Measure I, supporting a half-cent sales tax in the incorporated and unincorporated areas of the County for the 20-year period between April 1, 1990, and March 31, 2010. Early in the second decade of Measure I, it became apparent that continuation of the half-cent sales tax would be critical to maintaining funding for transportation projects in San Bernardino County. Ultimately, the voters of San Bernardino County approved the San Bernardino County Transportation Authority Ordinance 04-01 on November 4, 2004, extending the half-cent sales tax for 30 years to March 31, 2040.
ISSUES/ANALYSIS
The Measure I Strategic Plan requires governing bodies receiving Measure I revenue from the Local Street Program to adopt a Five-Year Capital Improvement Plan (CIP) annually. This plan is intended to effectively outline the specific projects upon which Measure I local pass-through funds will be expended. Moreover, the Measure I Five-Year Capital Improvement Program includes a five-year period from Fiscal Year 2024-2025 through Fiscal Year 2028-2029.
The City is obligated to annually adopt by resolution a Five-Year CIP plan and expenditure strategy. Specifically, the CIP acknowledges that the City will maintain the general fund expenditures within the said fiscal year at the required Maintenance of Effort (MOE) base year level for construction and maintenance projects related to transportation. Therefore, the City of Chino must spend at least $383,567 annually from its General Fund until the year 2040 to receive its share of the Measure I funding.
In addition, agencies shall also adopt an Expenditure Strategy statement detailing the City’s approach to spending the funds and must be included with the Five-Year Capital Improvement Plan.
The projects included in the Measure I Local Street Pass-Through Funds Five-Year Capital Improvement Plan do not reflect the City’s entire Capital Improvement Program. Rather the plan consists of projects that receive partial or full funding from Measure I Local Pass-Through funds and adhere to the Expenditure Strategy statement.
Attachment: Exhibit A - Resolution 2024-038