Laserfiche WebLink
and <br />cone <br /> <br />To e: <br />Deve <br />entit' <br />govei <br /> <br />Tri- <br /> <br />Each <br />acco! <br />Proie <br />manl <br /> <br />may <br />main <br /> <br />Each <br />each <br />durir <br />aim <br />Proje <br />rever <br /> <br />Each <br />Party <br />the <br /> <br />Payments to Al <br /> <br />Pa.vn <br />the fi <br />ACT <br />inter, <br />basis <br />Parti <br />Agre~ <br /> <br />Joint Exercise of Powe <br />TVTD Fees for Traffic <br /> <br />iv) reduction or removal of project mitigation requirements or <br />tions of approval. <br /> <br />:empt from the fee public schools, Subsidized Housing <br />[opment, and the governmental buildings owned by any public <br />unless a Party can and does impose the TVTD Fee on <br /> ~mental buildings of a public entity other than one of the Parties. <br /> <br /> Section 6. <br />~ralley Transportation Development Fee Accounts <br /> <br />Party shall place the TVTD Fees in an interest-bearing individual <br />:nt to be used specifically for the Transportation Improvement <br />:ts. The deposits in each account shall be invested in the same <br />~er as other funds of the Party. For investment purposes the funds <br />)e pooled with other funds as long as separate accounting is <br />:ained and the account is credited with the investment earnings. <br /> <br />nt TVTD Fee Account" shall be established by the "Treasurer". <br />Party shall transmit to the Treasurer within 30 days of the end of <br />uarter not less than 80% of all TVTD Fees collected by that Party <br />the quarter, and any interest or income generated on such 80% <br />tt, together with notification of the Transportation Improvement <br />zts that the Party intends to fund with the retained portion of the <br />ues. <br /> <br />party shall maintain a current record of all funds retained by that <br />, including interest or income on such funds and annually furnish <br />reasurer an accounting for inclusion in any audit of TVTD Fees. <br /> <br /> Section 7. <br />FA and Reimbursement for ACTA Local Match Contributions <br /> <br />ent to ACTA for 580/680 Interchange Pro!ect. Commencing with <br />rst quarter after the Fee Effective Date, the Treasurer shall pay to <br />k all of the TVTD Fee revenues received from all Parties, including <br />:st earned thereon. Such payments shall continue on a quarterly <br />until ACTA has received $5,548,300, less any contributions by <br />.'s subject to reimbursement pursuant to Section 7.d. of this <br />:merit. <br /> <br />· s Agreement Page 7 of 21 <br />Mitigation June 2, 1998 <br /> <br /> <br />