Measure M2 Freeway Environmental Mitigation Program

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Measure M2 (M2) Mitigation Program Overview

M2-approved - November 2006

Innovative Freeway Environmental Mitigation Program

Mitigation Program part of 2007 Early Action Plan (EAP)

Environmental Oversight Committee

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Mitigation Program Background

At least five percent of the M2 freeway program revenue

Expenditures for mitigation of the 13 M2 freeway projects Through property acquisitions and habitat restoration

Streamlined biological permitting process in partnership with Caltrans, and state and federal wildlife agencies

Address RWQCBs and ACOE wetlands permitting requirements

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Plan Development

Natural Community Conservation Plan/Habitat Conservation Plan (NCCP/HCP)

State and Federal mechanism for resolving development and the protection of threatened and endangered species

Integrates acquired properties and restoration projects as mitigation

Implementation agreement

Environmental Impact Report/Environmental Impact Statement Public participation opportunities Solidifies decision on the project

Completed by early 2013

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Mitigation Program Forecast/Revenues

Environmental Mitigation Program – 30 years(millions of nominal dollars)

Approximately 37 percent less than 2005 estimate

2005 Estimate 2011 Forecast Difference$486 $307 $179

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Mitigation Program Expenditures

2007 EAP provided for $55 million in funding

November 2010: Board of Directors authorized combining two tranches for acquisitions ($42 million)

By fiscal year (FY) 2014-15, potential debt issuance for approximately $18 million in net bond proceeds

Allocation

First Round (in millions)

Second Round(in millions)

Acquisition $22 $20 Restoration $5.5 $5

Plan Development

$2.5

Total $30 $25

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Acquisition Properties Status

Purchase up to $42 million of acquisition properties

Includes management cost Acquired five properties to date Additional 12 Group 1 properties

still under consideration Identify interim and long-term

land managers

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Acquired Properties

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Hayashi Property

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Saddle Creek South

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Hafen Estates Property

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O’Neill Oaks Property

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Ferber Ranch Property

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Land Management Plan

Short-term Secure agreements with interim land managers Maintain status quo of biological resources Address enforcement issues

Intermediate-term Develop draft interim resource management plans Establish endowments for long-term management

Long-term Secure long-term agreements with land managers Maintain biological resources consistent with NCCP/HCP Provide annual status reports to Wildlife Agencies

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First Round Restoration Proposals

30 restoration proposals submitted Biological and non-biological criteria

considered Five restoration projects have been

granted funding ($5.4 million): City Parcel (San Juan Capistrano) Irvine Ranch Conservancy (County) Big Bend (Laguna Beach) Fairview Park (Costa Mesa) UCI Nature Preserve (Irvine)

Removal of invasive plant species Restoration of native plant habitats

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First Round Funded Restoration Properties

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Agua Chinon and Bee Flat Canyon Irvine Ranch Conservancy

94.9 acres of restoration consisting of chaparral, coastal sage scrub, coast live oak, sycamore oak woodland, native grassland and riparian

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Fairview ParkCity of Costa Mesa

23 acres of restoration consisting of wetlands, native grasslands, coastal sage scrub, riparian, and oak woodland

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City ParcelCity of San Juan Capistrano

Before Target for After Restoration

53 acres of restoration consisting of riparian, coastal sage scrub, oak woodland, and native grassland

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Big BendLaguna Canyon Foundation

3.5 acres of restoration consisting of coastal sage scrub and riparian woodland

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UCI Ecological ReserveNature Reserve of Orange County

8.5 acres of restoration consisting of cactus scrub

Photos of 2011 restoration efforts

Photo - NewFields Photo- Kris Preston

Photo - Peter Bowler

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Second Round Restoration Proposals

20 restoration proposals submitted Biological and non-biological criteria considered $5 million authorized for funding High-ranked first round proposals are eligible for second

round funding Board approval for funding anticipated May 2012

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Second Round Candidate Restoration Properties

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Aliso Creek Laguna Canyon Foundation

City of Laguna Niguel

55 acres of riparian and transitional habitat

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Chino Hills State ParkCity of Brea and Yorba Linda

15 acres of riparian restoration and 6 acres of cactus scrub restoration

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Harriett Wieder Regional ParkBolsa Chica Conservancy

City of Huntington Beach

8.2 acres of restoration consisting of grassland, coastal sage scrub and riparian habitat

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Lower Silverado CanyonIrvine Ranch Conservancy

City of Irvine

44 acres of restoration consisting of riparian habitat

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North Coal Canyon Chino Hills State Park

City of Yorba Linda

5.5 acres of restoration consisting of coastal sage scrub habitat

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West LomaIrvine Ranch Conservancy

City of Irvine

80 acres of restoration consisting of coastal sage scrub and riparian habitat

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Next Steps

Complete acquisition expenditures Seek funding approval for second round of

restoration projects Revisit program expenditures/revenues to determine

potential future funding needs Complete draft NCCP/HCP and environmental

documents Outline management scheme Determine long-term land management cost Develop resource management plans Execute Implementing Agreement