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<br />3. <br /> <br />4. <br /> <br />5. <br /> <br />54£)-3 <br /> <br />(c) <br /> <br />"TDM or Transportation Demand Management" shall mean a <br />program or activity to improve the efficiency of the existing <br />transportation system by increasing the use of alternative modes of <br />transportation such as carpools, vanpools, public transit, bicycles, <br />walking and telecommuting. <br /> <br />Establishment of Alliance: The Parties hereby create an entity to be <br />known as the Peninsula Traffic Congestion Relief Alliance to exercise in <br />the manner set forth in this Agreement the specified powers common to <br />each of the Parties, The Alliance shall be a public entity that is separate <br />from the Parties and shall be responsible for the administration of this <br />Agreement. Except as provided herein, the debts, liabilities, and/or <br />obligations of the Alliance shall be the debts, liabilities, and/or obligations <br />solely of the Alliance and shall not be the debts, liabilities, and/or <br />obligations of any Party to this Agreement. <br /> <br />Term: This Agreement shall be effective on the date by which any nine <br />Parties have executed it and shall continue in effect until terminated as <br />provided herein. <br /> <br />Powers of the Alliance: The Alliance shall have the powers and duties: <br /> <br />(a) <br />(b) <br /> <br />To make and enter into contracts; <br /> <br />To incur debts, liabilities or obligations; <br /> <br />(c) <br /> <br />To solicit, receive, and use grants, advances and contributions from <br />all available sources, public or private, including federal, state and <br />local subventions; <br /> <br />(d) <br />(e) <br /> <br />To adopt bylaws; <br /> <br />To employ employees or agents or contract for the services of <br />agents, employees, consultants and such other persons or firms as <br />it deems necessary; <br /> <br />(f) <br />(g) <br /> <br />To sue and be sued in its own name; <br /> <br />To invest any surplus funds not required for the immediate <br />necessities of the Alliance as the Governing Board determines is <br />advisable, in the "ame manner and upon the same conditions as <br />local agencies pursuant to Government Code Section 53601; <br /> <br />(h) <br />(i) <br /> <br />To enforce all provisions of this Agreement; <br /> <br />To negotiate for, acquire, hold, manage, maintain, control or <br />dispose of real and personal property; <br /> <br />2 <br /> <br />768104.4 <br /> <br />.--...,... <br />