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E. It is also in the City's best interest to enter into the Joint Exercise of Powers <br />Agreement with the Authority in order to ensure that the City maximizes its <br />benefits from this project. Further, by joining the Authority, the City will be <br />able to participate in an already existing entity and increase the potential for <br />private sector funding to achieve the goal of implementing the project. <br />Section 2. In accordance with California Environmental Quality Act, the <br />proposed project is exempt from further review pursuant to section 15262, which involves <br />a feasibility and planning study of a transportation system. Categorical Exemption <br />Environmental Review No. 07-125 will be filed for this project. <br />Section 3. The City Council of the City of Santa Ana hereby supports the <br />Orangeline Development Authority Magnetic Levitation Project and authorizes seeking <br />funding to pay the annual fee for membership in the Joint Exercise of Powers with the <br />Orangeline Development Authority. <br />Section 4. The City has been presented with a proposed agreement entitled <br />"First Amended Joint Exercise of Powers Agreement". The City Council of the City of <br />Santa Ana hereby approves the agreement and directs and authorizes the City <br />Manager and Clerk of the Council to execute the First Amended Joint Exercise of <br />Powers Agreement with the Orangeline Development Authority for the purpose of <br />promoting this development. <br />Section 5. This Resolution shall take effect immediately after its adoption by the <br />City Council, and the Clerk of the Council shall attest to and certify the vote adopting <br />this Resolution. <br />Resolution No. 2007-xxx <br />rJrJQ-7 Page 2 of 3 <br />