MOU Authorization Sample Clauses

MOU Authorization i. If a public entity, the AAA shall submit to CDA a copy of an approved resolution, order, or motion referencing this MOU number authorizing execution of this MOU. If a private nonprofit entity, the AAA shall submit to CDA an authorization by the Board of Directors to execute this MOU, referencing this MOU number. ii. These documents, including minute orders must also identify the action taken. iii. Documentation in the form of a resolution, order, or motion by the Governing Board of the AAA is required for the original and each subsequent amendment to this MOU. This requirement may also be met by a single resolution from the Governing Board of the AAA authorizing the AAA Director or designee to execute the original and all subsequent amendments to this MOU.
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MOU Authorization. By our signature below, we certify that our respective Boards of Directors have authorized us to enter into this MOU on behalf of our agency. See next page for signature Xxxxxx X. Xxxxxxxxx Date TMPO Executive Director Xxxx Xxxxx Date TTD District Manager See next page for signature Xxxx Xxxxxxx Date Chief Executive Officer Placer County DocuSign Envelope ID: 9F713D58-81FE-457A-9A3B-547B4DC906CF See previous page for signature 7/29/2021 To annually sub‐allocate FTA Section 5307 and 5339 funds for the Lake Tahoe Region, TMPO will apply an agreed upon methodology to the official annual allocation published by FTA. The methodology incorporates a base allocation amount in addition to an earned share formula that utilizes dynamic data from the National Transit Database (NTD) reporting platform and TMPO’s LT Info transit data portal (Transit Revenue Miles & Ridership) and the United States Decennial Census (Residential population). TMPO will allocate 5307 and 5339 funding annually based on the latest available system‐wide transit data from NTD, LT Info, and population data from the US Census. Beginning with the FFY 2021 FTA apportionments (until otherwise modified by the Parties) The base allocation includes $2,000,000 of the total section 5307 share each year, allocated using the population factor. The remaining section 5307 funds are divided using the earned share factors detailed below. Section 5310 funding will be allocated in its entirety to either TTD or Placer County in alternating years. TTD will receive the allocation for two consecutive years beginning in FY21, then Placer County will receive the allocation for one year in FY23. TMPO will continue to allocate 5310 funding using this pattern, unless a change is mutually agreed to by the Parties. TTD 36,072 2010 Census 65% Placer‐TART 19,535 2010 Census 35%

Related to MOU Authorization

  • Required Authorizations There is no requirement to make any filing with, give any notice to, or obtain any Authorization of, any Governmental Entity as a condition to the lawful completion of the transactions contemplated by this Agreement.

  • Governmental Authorizations; Private Authorizations; Governmental Filings The Borrower has obtained, maintained and kept in full force and effect all Governmental Authorizations and Private Authorizations which are necessary for it to properly carry out its business, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect, and made all material Governmental Filings necessary for the execution and delivery by it of the Facility Documents to which it is a party, the Borrowings by the Borrower under this Agreement, the pledge of the Collateral by the Borrower under this Agreement and the performance by the Borrower of its obligations under this Agreement, the other Facility Documents, and no material Governmental Authorization, Private Authorization or Governmental Filing which has not been obtained or made, is required to be obtained or made by it in connection with the execution and delivery by it of any Facility Document to which it is a party, the Borrowings by the Borrower under this Agreement, the pledge of the Collateral by the Borrower under this Agreement or the performance of its obligations under this Agreement and the other Facility Documents to which it is a party.

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