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MASTER FUNDING AGREEMENT NO. C-1-2783 <br />1 prior to the disposal process. Resolution of any issues regarding whether or not a right-of-way is <br />2 excess to the transportation improvement will be by the mutual agreement of AUTHORITY and <br />3 AGENCY. Excess land acquired with CTFP funds shall be sold by AGENCY in accordance with <br />4 Government Code Sections 54220-54232 and proceeds from the sale shall be returned immediately to <br />5 AUTHORITY. <br />6 I. AGENCY will comply with all federal, state and local laws and regulations, including the <br />7 Renewed Measure M2 Eligibility Guidelines — Local Agency Preparation Manual and the CTFP <br />8 Guidelines, which are incorporated herein by reference. <br />9 J. AGENCY shall install and remove signage for all competitively awarded construction <br />10 PROJECT(s) that are in excess of $500,000 and exceed a 90 day construction period in accordance <br />11 with AUTHORITY specifications during construction period. AGENCY may request AUTHORITY <br />12 furnished signage or it may choose to provide AGENCY furnished signage so long as said signage <br />13 conforms to AUTHORTY specifications as follows: Signage shall include a Measure M2 logo that is a <br />14 minimum of twelve inches (12") tall, an OCTA logo that is a minimum of three inches (3") tall (image <br />15 files provided by OCTA upon request), verbiage stating "Street Improvements Funded by Measure M" <br />16 in Myriad Pro, bold condensed font at two hundred and fifty six (256) pt. and "Your dollars at Work" in <br />17 Myriad Pro, bold condensed font at one hundred and eighty (180) pt. <br />18 ARTICLE 5. DELEGATED AUTHORITY <br />19 The actions required to be taken by AGENCY in the implementation of this Agreement are <br />20 delegated to its Executive Director of Public Works, or his/her designee, and the actions required to be <br />21 taken by AUTHORITY in the implementation of this Agreement are delegated to AUTHORITY's Chief <br />22 Executive Officer. <br />23 ARTICLE 6. AUDIT AND INSPECTION <br />24 AUTHORITY and AGENCY shall maintain a complete set of records in accordance with <br />25 generally accepted accounting principles. Upon reasonable notice, AGENCY shall permit the <br />26 authorized representatives of the AUTHORITY to inspect and audit all work, materials, payroll, books, <br />Page 6 of 10 <br />L:\Camm\Marvin\Cooperative Agreements\CTFP Master Funding Agreement\Agreements\C-1-2783 City of Santa Ana.docx <br />