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C. It has been determined by the Parties hereto that it <br />is in the best interests of the respective Parties to join <br />together to administer the funds provided by these fee <br />programs, and to plan, acquire and construct said thoroughfares <br />and bridges. <br />D. Each of the Parties is authorized to contract with <br />each other for the joint exercise of any common power under <br />Article 1, Chapter 5, Division 7, Title 1 of the Government <br />Code of the State of California. <br />E. The Parties hereto recognize that, in order to serve <br />the purposes stated herein, the imposition of fees in excess of <br />the above - described fees should not be required or recommended <br />as a condition to any annexation, incorporation or other <br />reorganization involving territory claimed or controlled by the <br />Parties hereto. <br />F. The Parties hereto recognize that, in order to serve <br />the purpose stated herein, additional funding other than that <br />received from the above - described fees must be obtained. Each <br />Party has agreed to cooperate in obtaining additional <br />financing, including, but not limited to, debt financing, <br />assessment districts, special legislation, toll revenue <br />financing, Arterial Highway Financing program funds and other <br />forms of governmental grants -in -aid. <br />G. The Parties hereto entered into this Agreement with <br />the express understanding that the acquisition of rights -of -way <br />and similar property interests necessary for the construction <br />of transportation facilities pursuant to this Agreement shall <br />be accomplished at little or no expense to the members hereto <br />or to the Agency created hereunder. However, it is recognized <br />by the Parties hereto that prior to the execution of this <br />Agreement, the County of Orange, as the sole responsible Party <br />for the administration of the Orange County Major Thoroughfare <br />and Bridge Fee Program, assumed the right and obligation to <br />acquire a certain right of way located in the City of Laguna <br />Beach ( "Sycamore Hills ") in the area of Tentative Tract Map <br />No. 8965 not available for dedication in addition to certain <br />other property, and such right and obligation shall be assumed <br />by the Agency but only to the extent of the aliquot value of <br />such right of way. <br />H. The Parties hereto recognize that in accordance with <br />the principals of sound community planning, future land use <br />decisions should not upset the balance between land use <br />intensity and adequate transportation facilities. <br />-2- <br />