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however, shall � have authority to � bract directly for <br />construction of Eligible Projects. In the selection of Eligible <br />Projects consideration shall be given to improvements of areawide <br />impact identified ....as cumulative mitigation measures in <br />environmental impact reports prepared for approved development <br />projects. Upon its determination that immediate construction of <br />a certain areawide traffic improvement is necessary or desirable, <br />either party may cause the traffic improvement project to be <br />constructed by the party or by a developer and if the Authority <br />determines that such areawide traffic improvement project <br />qualifies as an Eligible Project under the Transportation System <br />Improvement Program the Authority may authorize full or partial <br />reimbursement by the Authority for the cost of such traffic <br />improvement. <br />B. Preparation of Transportation <br />System Improvement Program <br />The governing board shall develop, maintain, and from time- <br />to-time, revise a program for Eligible Projects for each of the <br />TSIP Areas, setting forth their relative priorities, target <br />dates for commencement and completion of construction, estimated <br />costs, and proposed sources of funding. <br />The program shall serve as a guide to the governing board in <br />the exercise of its discretion to approve Eligible Projects for <br />expenditure of Authority money. <br />In order to determine and establish a Transportation System <br />Improvement Program for each TSIP Area, the parties agree to <br />participate in having a comprehensive traffic study prepared for <br />13 <br />