Laserfiche WebLink
ay- <br />REL:adg <br />10/15/84 <br />JOINT EXERCISE OF POWERS AGREEMENT BETWEEN p <br />THE CITY OF SANTA ANA AND THE CITY OF ORANGE <br />CREATING THE TRANSPORTATION SYSTEM IMPROVEMENT AUTHORITY <br />THIS AGREEMENT, dated for convenience as of <br />December 18, 1984, is made and entered into by and <br />between the CITY OF SANTA ANA (hereinafter referred to as <br />( "Santa Ana ") and the CITY OF ORANGE (hereinafter referred <br />to as "Orange "), municipal corporations of the State of <br />California, <br />Recitals: <br />W I T N E S S E T H <br />A. The area designated in Exhibit A, attached hereto <br />and incorporated herein by reference, (hereinafter referred to <br />as the "TSIP Area ") is comprised partly of territory of Santa Ana <br />and partly of territory of Orange. Due to development within <br />said TSIP Area, it is in need of major transportation system im- <br />provements. <br />B. Santa Ana and Orange are each empowered by law to <br />expend public moneys on such transportation system improvements <br />as they determine to be appropriate, <br />C. Santa Ana and Orange are of the opinion that the <br />TSIP Area requires a comprehensive program for transportation <br />system improvements, including their joint participation in the <br />establishment of priorities and in the funding of improvements. <br />D. Pursuant to prior agreement Santa Ana and Orange <br />have each imposed fees on developments occurring within their <br />respective portions of the TSIP Area, in the amount of one per <br />cent (1 %) of development costs, the revenues from which may be <br />0 <br />-1— <br />