HomeMy WebLinkAboutReso 092-00 MOU W Dub BARTRESOLUTION NO. 92 - 00
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
APPROVING A MEMORANDUM OF UNDERSTANDING BETWEEN THE CITY OF DUBLIN
AND THE SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT (BART)
REGARDING FINANCING OF THE WEST DUBLIN / PLEASANTON BART STATION
WHEREAS, the San Francisco Bay Area Rapid Transit District (BART), in partnership with Jones
Lang LaSalle, proposes to develop property around the approved BART Station at West Dublin /
Pleasanton;
WHEREAS, the mixed-used development is proposed to include hotel and residential units in
Dublin and an office building in Pleasanton, as well as a BART station and attendant public parking
structures in the respective cities;
WHEREAS, the City of Dublin agrees to cooperate in the funding of the Station project and the
Financial Participation Memorandum of Understanding (M.O.U.) is required to make the project financing
feasible. The City of Dublin agrees to enter into a lease with BART to lease the parking garage located in
Dublin from BART and will require the City of Dublin to commit the revenues generated from the
Development project (consisting solely of City property taxes, City sales taxes, and City transient
occupancy taxes) to lease the parking structure.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin approves the
attached Memorandum of Understanding and authorizes and directs the Mayor to sign the Memorandum
of Understanding.
PASSED, APPROVED AND ADOPTED this 6th day of June, 2000.
AYES:
Councilmembers Howard, McCormick, Zika, Vice Mayor Lockhart and Mayor
Houston
NOES: None
ABSENT: None
ABSTAIN: None
K:/G/6-6-00/reso-bart-mou. doc (Item 7.1)