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public entity executing an amendment of the original <br />agreement as hereinafter provided. <br />j. "Quarter" means July 1st to and including <br />September 30th, October 1st to and including December 31st, <br />January 1st to and including March 31 and April 1st to and <br />including June 30th. <br />II. <br />2.1 Agency Created <br />There is hereby created a public entity to be known as <br />the "FOOTHILL /EASTERN TRANSPORTATION CORRIDOR AGENCY." The <br />Agency is formed by this Agreement pursuant to the provision of <br />Article 1, Chapter 5, Division 7, of Title 1 of the Government <br />Code of the State of California. The Agency shall be a public <br />entity separate from the parties hereto. <br />2.2 Purpose of the Agreement Common Powers to be <br />Exercised, <br />Each Party has the common power to plan for, acquire, <br />construct, maintain, repair, manage, operate, and control <br />facilities for one or more of the following purposes: <br />a. The financing of and the imposing of fees for the <br />planning and construction of major thoroughfares and <br />bridges; <br />b. The power to plan for, acquire, and construct <br />environmentally - sensitive thoroughfares and bridges to <br />conform to the technical standards of the California <br />Department of Transportation (CALTRANS) and the Federal <br />Highway Administration (FHWA) whenever possible. <br />The purpose of this Agreement is to jointly exercise <br />the foregoing common powers to undertake such studies and <br />planning relative to the Foothill and Eastern Transportation <br />Corridors as may be necessary to establish areas of benefit, to <br />recommend to the Parties the adoption of local ordinances and <br />the undertaking of all acts necessary for the imposition of <br />fees by the Parties pursuant to Government Code Section <br />66484.3 and to fund, plan, acquire, and construct the major <br />-4- <br />