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Resolution No. 4207L/` RESOLUTION NO. 4207 42' A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS ADOPTING A MEASURE M DEVELOPMENT MITIGATION PROGRAM AND A MEASURE M DEVELOPMENT PHASING AND PERFORMANCE MONITORING PROGRAM IN COMPLIANCE WITH THE CITY OF CYPRESS GROWTH MANAGEMENT ELEMENT AND THE COUNTYWIDE PROVISIONS OF MEASURE M'S COUNTYWIDE GROWTH MANAGEMENT PROGRAM WHEREAS, on November 6, 1990, Orange County voters approved Measure M, the Revised Traffic Improvement and Growth Management Ordinance, which provides funding to Orange County for needed transportation improvements over a twenty -year period through the imposition of a one -half cent retail transaction and use tax; and WHEREAS, portions of the monies received from the new sales tax revenue will be returned to Orange County jurisdictions for use of local and regional transportation improvements, subject to the jurisdiction's acquisition and retention of an eligible status for such Measure M revenues; and WHEREAS, in order to receive local street maintenance and improvement funds from the Orange County Transportation Authority, a jurisdiction must comply with the Countywide Growth Management Program component requirements; and WHEREAS, the City of Cypress has established a policy framework for the required Growth Management Program through the adoption of a Growth Management Element to the City of Cypress General Plan; and WHEREAS, in conjunction with the Growth Management Element, the City of Cypress has established policy statements which identify traffic levels of service goals for its Measure M transportation system; and WHEREAS, in conjunction with the Growth Management Element, the City of Cypress has established policy statements which further commit to City participation in a development mitigation program which ensures that new growth is paying its share of the costs associated with that growth; and WHEREAS, in conjunction with the Growth Management Element, the City of Cypress has established policy statements which further commit to City participation in a development phasing and performance monitoring program which ensures that transportation infrastructure is provided concurrent with new development and which provides for evaluation of compliance with these programs every two years towards the established levels of service goals; and WHEREAS, the overall objectives of a development mitigation program and development phasing and performance monitoring program as required by Measure M are historically consistent with the City of Cypress's participation in transportation fee programs to ensure that new growth is paying its share of the costs associated with the growth; and WHEREAS, in compliance with the requirements of Measure M, the City of Cypress is currently implementing a development mitigation program for the Cypress Business Park and development phasing program in the Cypress Business Park and Sorrento Homes specific plan areas, currently under development; and WHEREAS, in compliance with the requirements of the Measure M program, the City of Cypress commits to continued implementation of its development mitigation and development phasing programs and further establishes an evaluation every two years of compliance with these programs. 1 428 NOW THEREFORE, the City Council of the City of Cypress does hereby resolve as follows: Section 1. That the City of Cypress Development Mitigation Program ensures that new growth in the City of Cypress will continue to pay its share of the costs associated with that growth through continued participation in existing transportation fee programs which provide for funding for necessary transportation improvements through developer fee participation. Section 2. That the City of Cypress Development Phasing Program ensures that the provision of transportation infrastructure is provided concurrent with new development and is further implemented through conditions of approval of development proposals and citywide implementation of its Seven -Year Capital Improvement Program. Section 3. The City of Cypress Performance Monitoring Program establishes an evaluation every two years of compliance with the Development Mitigation Program and the Development Phasing Program. PASSED AND ADOPTED by the City Council of the City of Cypress at a regular meeting held on the 14th day of June , 1993. MAYOR OF THE F CYPRESS ATTEST: CI C ERK OF CITY OF CYPRESS STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS I, DARRELL ESSEX, City Clerk of the City of Cypress, DO HEREBY CERTIFY that the foregoing Resolution was duly adopted at a regular meeting of the said City Council held on the 14th day of June , 1993, by the following roll call vote: AYES: 5 COUNCIL MEMBERS: Age, Bowman, Nicholson, Partin and Kerry NOES: 0 COUNCIL MEMBERS: None ABSENT: 0 COUNCIL MEMBERS: None CITY CLER OF THT'CITY OF CYPRESS 2