Laserfiche WebLink
areawide transpo�, ion system improvemtJ —s within each <br />respective TSIP area. <br />E. Santa Ana and Tustin do now desire to establish a joint <br />powers agency to establish and maintain a transportation system <br />improvement program for the TSIP Areas to identify needed <br />transportation system improvements and their appropriate <br />priority, determine appropriate development fees, and control the <br />expenditure of development fees for areawide transportation <br />system improvements which benefit the TSIP Areas. <br />WHEREFORE, the parties hereto do hereby agree as follows: <br />1. Purpose <br />This Agreement is made pursuant to the provisions of Article <br />1, Chapter 5, Division 7,. Title 1 of the Government Code of the <br />State of California (commencing with Section 6500, hereinafter <br />called "Act ") relating to the joint exercise of powers by public <br />agencies. Santa Ana and Tustin each possess the powers referred <br />to in the recitals hereof. The purpose of this Agreement is to <br />exercise such powers by jointly developing and maintaining a <br />Program for transportation system improvements in each TSIP Area, <br />for determining appropriate developer fees, and controlling the <br />expenditure of development fee revenues for areawide <br />transportation improvements which benefit the respective TSIP <br />Area. The foregoing purposes will be accomplished and common <br />powers exercised in the manner hereinafter set forth. <br />2. Transportation System Improvement Authority <br />A. _ Creation of Authority <br />Pursuant to Sections 6506 and 6507 of the Act, there is <br />2 <br />