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t)- 1-ab`t <br />AMENLYMENT NO. I 'TO THE JOIN NI' 1'OWER AGREEMENT <br />('TSIA) <br />'['his amendment No. 1 to the Joint Exercise of Powers Agreement between the City of Santa Ana <br />and the City of Tustin creating the Tustin -Santa Ana Transportation Improvement Authority, dated <br />November 6, 1989, ( "the agreement ") is made and entered into by and I)C[wCell the City oClltstiri <br />("Tustin ") and the City of Santa Ana ( "Santa :Ana "). <br />RI.:CITALS <br />On November 6, 1989, Santa Ana and'fustin entered into the Agrcement. <br />2. Section 7 of the Agreement permits amendment by mutual consent of both parties, <br />approved by a majority vote of the respective City Councils. <br />3. It ha:; been determined by the Governing Board of the Authority that the threshold for the <br />Transportation System Improvement Program (`7SIP ") fees should be increased to apply to <br />projects of greater valuation that could significantly impact the transportation system in the <br />TSIP areas; <br />4. The staff of Santa Ana and 'Tustin are jointly recommending an amendment to the TSfP <br />valuation threshold, based on the Construction Cost Index (CCI) between 1982 and 1997. <br />The CCI has increased 47 percent, which Would increase the base valuation from 520,000 to <br />$30,000 for development projects within the TSIP areas. <br />NOW, THEREFORE, based oil the above recitals and the mutual promises and covenants <br />herein, the parties agree as Tollows: <br />AGREEMEN'r <br />Section 3(6 1) of the Agreement is hereby amended to read as follo-ws: <br />(1) "Construction or improvement projects not exceeding - &20,00( 530,000 in <br />cost. <br />2. Except as amended herein, all other terms and conditions of [lie Agreement shall <br />remain in full force and effect. <br />