Council Meeting: March 24, 2009 Santa Monica, California

CITY CLERK’S OFFICE - MEMORANDUM

To: City Council

From: Mayor Pro Tem O’Connor, Councilmembers Bloom and McKeown

Date: March 24, 2009

Request of Mayor Pro Tempore Pam O’Connor, Council members Richard Bloom and Kevin McKeown that Council support AB 20-Third Extraordinary Session that would increase the local share of the Federal Transportation Economic Stimulus Funds. This measure will apply a formula to the state funds which will ensure Los Angeles County receives a fair share of funding from the American Recovery and Reinvestment Act (ARRA).  This will allow Metro to allocate an additional $100 million to the cities in Los Angeles County for ARRA qualified projects.  The Metro Board approved allocating $215 million in ARRA funds to the cities without the legislation and $315 would go to cities with the legislation. 

The measure also sets aside funds for bond projects which have been stalled due to the state budget deficit such as the I-405 HOV lane.