Measure M2 Performance Assessment

Measure M2 Performance Assessment

March 31, 2011

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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

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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

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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

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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

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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

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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

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Comments

Financing Consider other financing sources if appropriate Focus of necessary size of borrowing

Transparency Regular reporting Measure M web portal

Project Controls Dashboard

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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

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Next Steps

Incorporating comments into M2 implementation

Tracking progress with OCTA’s Transportation 2020 Committee

Releasing RFP for 2009-12 assessment by spring 2012