Adopt Ordinance No. 10-002, "An Ordinance of the Riverside County Transportation Commission Requesting the County fo Reiverside to Conduct a Special Election

Summary

SCH Number
2010078100
Lead Agency
Riverside County Transportation Commission
Document Title
Adopt Ordinance No. 10-002, "An Ordinance of the Riverside County Transportation Commission Requesting the County fo Reiverside to Conduct a Special Election
Document Type
NOE - Notice of Exemption
Received

Document Description
In November 2002, Riverside County voters approved a 30-year renewal of the transportation sales tax known as Measure A. As required by state law, Measure A includes a limitation on the amount of bonded indebtedness that can be utilized to finance the transportation projects which Measure A is intended to fund. The current economic climate has resulted in low interest rates and competitive construction bids. Ordinance No. 10-002 (the "Ordinance") adopted by the Commission on July 14, 2010 does not approve the construction of any transportation improvement or make any change to Measure A except for increasing the bond limit due to current economic conditions.

Contact Information
John Standiford
Riverside County Transportation Commission
4080 Lemon Street, 3rd Floor Post Office Box 12008
Riverside, CA 92502

951 787-7141

Location

Cities
Riverside
Counties
Riverside

Notice of Exemption

Exempt Status
Other
Type, Section or Code
15378(b)(4); 15004
Reasons for Exemption
The adoption of the Ordinance does not approve or commit the Commission to the construction of any transportation improvements. Instead, the Ordinance merely revises the Measure A bond limit to accurately reflect economic conditions.
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