DATE: December 7, 2022
TO: South Hayward BART Station Access Authority Board
FROM: Co-Executive Directors
SUBJECT: Adopt Resolutions: (1) Approving the FY23 Proposed Budget; and (2) Authorizing the Dissolution of the South Hayward Bay Area Rapid Transit Station Access Authority
RECOMMENDATION
That the Board adopts resolutions: (1) approving the FY 23 Proposed Budget (Attachment II); and (2) authorizing the dissolution of the South Hayward Bay Area Rapid Transit (BART) Station Access Authority (Attachment III).
SUMMARY
Due to fiscal and administrative concerns, on May 13, 2022, the Board of the South Hayward BART Station Access Authority (Authority) authorized staff to dissolve the Authority and to negotiate and execute an intergovernmental agreement (IGA) between the City and BART to continue a cooperative relationship in planning for future parking demand and transit-oriented development in and around the South Hayward BART Station (Station). Consistent with the direction of the Authority Board, on November 15th and December 1st, the City of Hayward's City Council and the BART Board of Directors approved and authorized the dissolution of the Authority and execution of an IGA, respectively. The Authority Board must now take a final action to dissolve the Authority (Attachment III). Upon dissolution, the IGA will be executed by the City and BART.
In the transition to the IGA, all outstanding Authority invoices will be processed, and parking revenue collection will end June 30, 2022 to align with the fiscal year. As presented in the FY 2023 proposed budget (Attachment IV), closeout costs, including remaining legal fees and new signage, will be paid for from the Authority's existing fund balance. Any remaining funds will be distributed to the City and BART after the dissolution in proportion to the number of parking spaces within the Authority with the surplus funds to be spent on Station related investments.
ATTACHMENT I Staff Report
ATTACHMENT II ...
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