TO: Mayor and City Council
FROM: Assistant City Manager
SUBJECT Adopt a Resolution Authorizing the City Manager to Accept Up to 1.5 Million Dollars in Revenue from Bay Area Rapid Transit as the Fiscal Agent for the South Hayward Bay Area Rapid Transit Station Access Authority
RECOMMENDATION
That Council adopts a resolution (Attachment II) authorizing the City Manager to accept and appropriate up to 1.5 million dollars from Bay Area Rapid Transit to Fund 295 in revenue as the Fiscal Agent for the South Hayward Bay Area Rapid Transit Station Access Authority.
SUMMARY
On November 15, 2022, Council adopted a resolution to dissolve the South Hayward Bay Area Rapid Transit Station Access Authority. As part of finalizing the dissolution, staff has been working with BART staff to reconcile past revenues and costs associated with the South Hayward BART Station Access Authority’s fund balance (Fund 295). Staff is seeking Council authorization to accept revenues to settle the Authority’s accounts and finalize its dissolution.
ATTACHMENTS
Attachment I Staff Report
Attachment II Resolution