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Measure M2 Performance Assessment

Measure M2 Performance Assessment. March 31, 2011. The End of One Era – M1 Sunsets. Measure M1 - approved November 1990 Collection of tax sunsets March 31, 2011 More than $4 Billion in improvements Widened almost all freeways, improved many streets and roads, and brought

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Measure M2 Performance Assessment

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  1. Measure M2 Performance Assessment March 31, 2011

  2. The End of One Era – M1 Sunsets • Measure M1 - approved November 1990 • Collection of tax sunsets March 31, 2011 • More than $4 Billion in improvements • Widened almost all freeways, improved many streets and roads, and brought Metrolink to OC

  3. The Beginning of a New Era – M2 • Built on success of M1 • 30-year plan approved November 2006 • Collection begins April 1, 2011 • Revenue forecast - $ 15 billion • Five-year Action Plan jump-started many projects • Plan of Finance to advance projects

  4. M2 – Action Plan Progress Report • Freeways • SR-91, SR-57 and I-5 • Streets & Signals • Call For Projects • Transit • Quiet Zones, ARTIC and Community Circulators • Environmental • Property Acquisition; Water Quality Grants

  5. 2006 - 09 Performance Assessment • Included in M2 Ordinance No. 3 as a safeguard • Must be conducted every three years • Evaluates: • efficiency , effectiveness, economy, & program results of OCTA in satisfying requirements • OCBC/Oftelie Company conducted first assessment covering 2006 to 2009 • Completed in December 2010

  6. Assessment Parameters • Progress of OCTA against nine objectives • Changed economic conditions since 2007 Action Plan adoption • Management & oversight • OCTA’s ability to deliver promises made in Action Plan through 2011

  7. Key Findings • OCTA’s aggressive early steps have been successful • Substantial progress made in achieving the Action Plan’s 9 objectives • Navigated constantly shifting economy • 18 comments on appropriateness of actions or recommendations

  8. Comments • Financing • Consider other financing sources if appropriate • Focus of necessary size of borrowing • Transparency • Regular reporting • Measure M web portal • Project Controls • Dashboard

  9. Comments • Delivery of major projects • I-405, Orangethorpe Grade Separations • Improved Internal Controls • M Program Management Office • Project Cost accounting • Timing of future Triennial Performance Assessments

  10. Next Steps • Incorporating comments into M2 implementation • Tracking progress with OCTA’s Transportation 2020 Committee • Releasing RFP for 2009-12 assessment by spring 2012

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