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<br />2. Establishment of Intercity TSM project. The Cities <br />hereby create an agency or entity to be known as the Joint Powers <br />Authority for the Intercity TSM Authority (hereinafter referred to <br />as WAuthorityW). The Authority shall be an agency or entity that <br />is separate from the Cities and shall be responsible for the <br />administration of this agreement. Except as provided herein, the <br />debts, liabilities, and/or obligations of the Authority shall be <br />the debts, liabilities, and/or obligations of the Authority and <br />not the debts, liabilities and/or obligations of the cities which <br />are parties to this agreement. <br />3. ~. This agreement shall be effective upon its <br />execution by at least two cities, and upon adoption of the uniform <br />TSM ordinance by all of the signatory cities, and shall continue <br />in effect until terminated as provided herein. <br />4. TSM Ordinance. It is anticipated that each city will <br />enact an ordinance establishing a Transportation System Management <br />(TSM) program. The ordinance shall specify that the goal of the <br />program is to achieve a 25% employee participation rate in <br />alternatives to single occupant vehicle commuting during peak <br />hours within four (4) years. The ordinance further shall <br />establish the positions and authority of the TSM Administrator and <br />TSM Advisory and Appeals Committee. The ordinance shall designate <br />that a TSM program shall be required of each employer and owner or <br />developer of a complex, and shall designate the number of <br />employees necessary as a pre-condition to a TSM program. The <br /> <br />2943G <br /> <br />-2- <br /> <br />~luOl <br />