Meeting_Body
3rd REVISION
PLANNING AND PROGRAMMING COMMITTEE
MARCH 15, 2017
EXECUTIVE MANAGEMENT COMMITTEE
MARCH 16, 2017
Subject/Action
SUBJECT: DRAFT MEASURE M MASTER GUIDELINES
ACTION: APPROVE THE RELEASE OF THE DRAFT MEASURE M MASTER GUIDELINES FOR PUBLIC REVIEW
Heading
RECOMMENDATION
Title
APPROVE the release of the draft Measure M Master Guidelines for public review.
Issue
ISSUE
On June 23, 2016, the Metro Board of Directors approved the Los Angeles County Traffic Improvement Plan Ordinance (#16-01, titled Measure M), which was subsequently approved by more than 71% of voters at the November 8, 2016 general election.
At the December 1, 2016 Metro Board Meeting, Chief Executive Officer Phillip Washington presented an overview on development of the Measure M Ordinance Guidelines, where he indicated that draft Master Guidelines would be developed internally by Metro staff, for subsequent review and comment by the public. The target date for Board adoption of final Measure M Guidelines is the June 2017 Board meeting, in advance of the initiation of the additional sales tax revenue collection on July 1, 2107 2017.
Discussion
DISCUSSION
The Guidelines must address all aspects of administering and overseeing Measure M. For a comprehensive and balanced approach, staff prepared a Master guidance document that will provide direction for all elements of Measure M. Primary elements include: Administration and Oversight; Audits; Assessments and Amendments; Cashflow; Transit Operations and Other Designated Operational Funding; Multi-year Subregional Programs; Local Return; and State of Good Repair. (Attachment A).
Please note the following three major themes integrated throughout, that deserve special attention.
* Timely Use of Funds/Project Readiness: It is imperative that Metro exercise fiduciary responsibility at the outset of implementing Measure M. Our core objective is to allocate funds that will be put to use to benefit the people of Los ...
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