IRVINE SPECTRUM TRANSPORTATION MANAGEMENT ASSOCIATION
15215 BARRANCA PARKWAY SUITE 200, IRVINE, CA 92618 www.spectrumotion.com

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Organizations Filed Purposes: IRVINE SPECTRUM TRANSPORTATION MANAGEMENT ASSOCIATION (THE "ASSOCIATION") WAS FORMED IN 1986 UNDER THE LAWS OF THE STATE OF CALIFORNIA AS A GENERAL NONPROFIT CORPORATION AND HAS OBTAINED EXEMPTION UNDER SECTION 501(C)(4) OF INTERNAL REVENUE CODE. THE ASSOCIATION SERVES A GEOGRAPHIC AREA BETTER KNOWN AS "IRVINE SPECTRUM". IT IS COMPRISED OF APPROXIMATELY 2,600 ACRES AND IS HOME TO OVER 3,800 COMPANIES EMPLOYING IN EXCESS OF 80,000 PEOPLE. THE ASSOCIATION WAS FORMED TO FACILITATE EMPLOYERS, DEVELOPERS, BUILDING OWNERS, LOCAL GOVERNMENT REPRESENTATIVES AND OTHERS WITHIN IRVINE SPECTRUM TO WORK TOGETHER AND COLLECTIVELY ESTABLISH POLICIES, PROGRAMS AND SERVICES TO ADDRESS LOCAL TRANSPORTATION PROBLEMS. NO GRANTS ARE PROVIDED TO OTHERS.

IRVINE SPECTRUM TRANSPORTATION MANAGEMENT ASSOCIATION (THE "ASSOCIATION")WAS FORMED TO FACILITATE EMPLOYERS, DEVELOPERS, BUILDING OWNERS, LOCAL GOVERNMENT REPRESENTATIVES AND OTHERS IRVINE SPECTRUM TO WORK TOGETHER AND COLLECTIVELY ESTABLISH POLICIES, PROGRAMS AND SERVICES TO ADDRESS LOCAL TRANSPORTATION PROBLEMS. THE ASSOCIATION SERVES A GEOGRAPHIC AREA BETTER KNOWN AS "IRVINE SPECTRUM". IT IS COMPRISED OF APPROXIMATELY 2,600 ACRES AND IS HOME TO OVER 3,800 COMPANIES EMPLOYING IN EXCESS OF 80,000 PEOPLE.

THE CITY OF IRVINE ("CITY") EXPANDED ITS "ISHUTTLE" SERVICE TO THE IRVINE SPECTRUM AREA TO SERVE THE AREA EMPLOYEES AND RESIDENTS BY CONNECTING THEM VIA SHUTTLE SERVICES TO IRVINE STATION. IN SEPTEMBER 2011, THE CITY AND THE ASSOCIATION ENTERED INTO AN AGREEMENT TO BECOME FUNDING PARTNERS FOR EXPENDITURES TOWARDS THE OPERATION AND MAINTENANCE, BUS PURCHASE AND REPLACEMENT, AND SUPPORT COSTS OF THE IRVINE SPECTRUM AREA SERVICE. THE AGREEMENT CALLED FOR A TOTAL OF 283,000 FUNDING FROM THE ASSOCIATION. UPON FINAL PAYMENT OF 38,000 IN MARCH 2014, THE CITY AND THE ASSOCIATION AGREED TO FURTHER FUNDING COMMITTMENT OF 120,000 PAYABLE IN THREE (3) YEARS, WITH QUARTERLY PAYMENTS OF 10,000 EACH, COMMENCING ON SEPTEMBER 30, 2014.

TRANSIT PASS SUBSIDY THE ASSOCIATION SUBSIDIZES THE COST OF A ONE-MONTH ORANGE COUNTY TRANSIT AUTHORITY PASS FOR ALL NEW BUS RIDERS IN AN EFFORT TO ATTRACT NEW RIDESHARE PARTICIPANTS. COMMUTER RAIL PASS SUBSIDY THE ASSOCIATION SUBSIDIZES THE COST OF ONE "7-DAY" METROLINK PASS FOR ALL NEW TRAIN RIDERS IN AN EFFORT TO ATTRACT NEW RIDESHARE PARTICIPANTS. VANPOOL SUBSIDY THE ASSOCIATION SUBSIDIZES THE FIRST-MONTH COSTS OF A NEW VANPOOL. IT ALSO SUBSIDIZES THE FIRST-MONTH SEAT-COST FOR A NEW VAN RIDER IN AN EFFORT TO ATTRACT NEW RIDESHARE PARTICIPANTS.

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