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MASTER FUNDING AGREEMENT NO. C-1-2783 <br />1 update is incorporated herein by reference; and <br />2 WHEREAS, AUTHORITY has approved AGENCY's competitive project(s) (hereinafter referred <br />3 to as "PROJECT(S)") as specified in Attachment A "Projects List" to receive funding under the CTFP; <br />4 and <br />5 WHEREAS, AUTHORITY has determined that AGENCY's PROJECT(s) has met the <br />6 requirements of and is eligible under the CTFP Guidelines; and <br />7 WHEREAS, AGENCY's "Project List" may be amended to include new projects with each <br />8 competitive call for projects and will be incorporated by Letter Agreement (See Attachment B) executed <br />9 by both parties and incorporated herein; and <br />10 WHEREAS, the Letter Agreement may include additional requirements for PROJECT(s) funded <br />11 with sources other than M2 or Local Fair Share Net Revenues sources; and <br />12 WHEREAS, AUTHORITY and AGENCY agree that Local Fair Share Program Net Revenues <br />13 are distributed on a formula basis to eligible jurisdictions; and <br />14 WHEREAS, payment terms for this Master Funding Agreement will be in accordance with <br />15 Chapter 10 of the CTFP Guidelines; and <br />16 WHEREAS, this Master Funding Agreement defines the specific terms and conditions and <br />17 funding responsibilities between AUTHORITY and AGENCY for CTFP and Local Fair Share Program <br />18 Net Revenues; and <br />19 WHEREAS, AUTHORITY's Board of Directors approved this Master Funding Agreement on <br />20 June 27, 2011; and <br />21 WHEREAS, the AGENCY's City Council approved this Agreement on the day of <br />22 2011; <br />23 NOW, THEREFORE, it is mutually understood and agreed by AUTHORITY and AGENCY as <br />24 follows: <br />25 ARTICLE 1. COMPLETE AGREEMENT <br />26 A. This Agreement, including any attachments incorporated herein and made applicable by <br />Page 2 of 10 <br />L:Camm\Marvin\Cooperative Agreemenls\CTFP Master Funding Agreement\Agreements\C-1-2783 City of Santa Ana docx <br />25E-4