Title
Approve and Authorize the Resource Management Agency Director to execute the Measure X Master Programs Funding Agreement between the Transportation Agency of Monterey County ("TAMC") and County of Monterey.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors approve and authorize the Resource Management Agency Director to execute the Measure X Master Programs Funding Agreement between the Transportation Agency of Monterey County and County of Monterey.
SUMMARY/DISCUSSION:
On December 6, 2016, the Monterey County Board of Elections certified that Measure X passed with 67.71% of the vote. Sales tax established by this measure started being collected on April 1, 2017 and revenues will be available to the jurisdictions by September 2017.
With the passage of Measure X by the voters of Monterey County, Transportation Agency of Monterey County (TAMC) staff has been working to develop the organizational framework and agreement necessary to implement the measure in advance of revenues being available by September 2017. As required by the implementing ordinance, each city and the County of Monterey must enter into a funding agreement with the TAMC. That agreement is to include enforcement procedures, designed to reassure the public that tax revenues are spent in accordance with the ballot language. The agreement, as approved by the TAMC Board on May 24, 2017, is included as Attachment A.
Under the agreement, the expenditure of Measure X revenues by the cities or the County will be subject to verification and an annual independent audit reviewed by TAMC. Failure by a jurisdiction to meet any of the conditions will result in the suspension of the distribution of funds to the deficient city/county. Resumption of funding distribution to the deficient city/county will resume only after full repayment for any misuse, and confirmation of compliance with the funding agreement by TAMC.
In order to confirm compliance with the tax sharing agreement, ea...
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