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VALLEY TRANSIT AUTHORITY <br /> JOINT EXERCISE OF POWERS AGREEMENT <br /> <br /> TABLE OF CONTENTS <br /> <br /> P__a. ge <br /> <br /> 1. Background ....................... 1 <br /> a. Need for Public Transportation Services ...... 1 <br /> b. Joint Exercise of Powers ..... . ......... 1 <br /> 2. Creation of Transit Authority .............. 2 <br /> 3. Purpose ......................... 2 <br /> 4. Board of Directors ................... 2 <br /> a. Voting ....................... 2 <br /> b. Alternate ..................... 3 <br /> c. Elected Officials ................. 3 <br /> d. Participation in Decisions Affecting Member <br /> Jurisdictions ........... ' ........ 3 <br /> e. Selection and Removal ............... 3 <br /> 5. Action by Board ..................... 4 <br /> a. Quorum (Five Votes) ................ 4 <br /> b. Actions Generally (Four Votes) ........... 4 <br /> c. Changes in Bus Routes (Four Votes) ......... 4 <br /> d. Matters Requiring Five Votes Plus Member <br /> Jurisdiction Notice ................ 4 <br />6. Notice of Board Actions ................. 5 <br /> a. Agendas ...................... 5 <br /> b. Minutes ...................... 5 <br />7. Bylaws ......................... 5 <br />8. Powers ......................... 5 <br /> a. Enumeration of Powers ............... 5 <br /> b. Special Transportation Services .......... 9 <br /> c. Restriction on Power ................ 10 <br />9. Financial ........................ 10 <br /> a. Fiscal Year .................... 10 <br /> b. Depository ..................... 10 <br /> c. Audit ....................... 11 <br /> d. Property Custodian ................. 11 <br /> e. Budget ....................... 12 <br /> f. Contributions by Member Jurisdictions ....... 12 <br /> g. Formula for TDA Service Allocation ......... 12 <br /> h. Method for Calculating Service Levels ....... 12 <br />10. Debts and Liabilities .................. 13 <br />11. Insurance ....................... 13 <br />12. Indemnification .................... 13 <br />13. Disposition of Money and Property ............ 14 <br /> a. Successor Public Entity .............. 14 <br /> b. Withdrawal of Member Jurisdiction ......... 14 <br />14. Term of Agreement .................... 15 <br />15. Termination ................. ~ ..... 15 <br /> a. Individual Member Withdrawal ............ 15 <br /> b. Complete Dissolution ................ 16 <br />16. Amendment ........................ 16 <br />17. New Members ....................... 16 <br />18. Successors ....................... 17 <br />19. Severability ...................... 17 <br /> <br /> <br />