RES 98088 - Laserfiche WebLink

b. To help resolve regional traffic problems through implementation of the Plan and the TVTD Fee program. c. To establish funding goals for identified Transportation Improvement Projects and to seek commitments regarding funding for the Transportation Improvement Projects. d. To establish mechanisms for collecting, managing and disbursing the TVTD Fee and to formalize institutional arrangements for the implementation of the Proiects to be constructed with fee revenues. Section 4. Duties of Treasurer The Treasurer shall perform the following Duties: a. Keep a record of all TVTD Fees paid to the Treasurer by any Party; all TVTD Fees retained by any Party pursuant to Section 6(b); and all disbursements and expenditures made by the Treasurer in accordance with this Agreement; b. Remit all TVTD Fees, including interest earned thereon, to ACTA on a quarterly basis until ACTA has received $5,548,300 (less any contribution by Parties subject to reimbursement pursuant to Section 7.d), which is the total amount due to ACTA under all of the Parties' Local Match Agreements; c. Coordinate with the Parties and ACTA to assure that no more than $5,548,300 in TVTD Fees and contributions are paid to ACTA, by the Treasurer from the Joint TVTD Fee Account; d. Reimburse Parties from the Joint TVTD Fee Account pursuant to Section 7; e. Calculate interest due on reimbursements to Parties, pursuant to Section 7; f. Transmit monies from the Joint TVTD Fee Account to Project Sponsors for the planning, design and construction of the Transportation Improvement Projects listed in Section 8 and in accordance with the SEP; Joint Exercise of Powers Agreement Page 5 of 21 TVTD Fees for Traffic Mitigation June 2, 1998