Measure I Annual Report
The Measure I Citizens’ Oversight Board presented its Measure I Annual Report to the La Mirada City Council at the September 12 Study Session meeting. The five-member Board was created to review and report on revenues and expenditures of Measure I, the City’s one percent transactions and use tax. The ax expires on March 21, 2018.
The Board has reviewed financial reports and other information detailing the revenues and expenditures of Measure I funds for the period of July 2016 through June 2017. During the reporting period, a total of $6,384,905 in Measure I payments has been received by the City. Some $31,560 was spent on Phase 2, $2,803,109 was spent on Phase 3, $575 was spent on storm drain repair connected to the City’s neighborhood street rehabilitation projects, $58,764 was spent on the design work for Phase 4, and $303,442 was spent on Olive Branch Drive Pavement work.
The Oversight Board also received progress updates on the City’s capital improvement projects.
“The Oversight Board has verified that the Measure I funds used during the July 2016 through June 2017 reporting period have been used as intended for the betterment of the City,” says Chairman Lee Olsen who presented the information to the City Council.
Phases 1 and 2 of Measure I are complete. Phase 3 is 70 percent complete and is expected to be completed by late fall. Design work for Phase 4 is 100 percent complete and is expected to begin construction this fall.
The Oversight Board will continue to serve until all revenues received under Measure I are spent. The Measure I Annual Report will be placed in the upcoming issue of the City’s La Mirada Living newsletter and on the City’s website.
For additional information about Measure I, call (562) 943-0131, visit the City’s website at cityoflamirada.org or visit La Mirada City Hall.