SUBJECT:
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Approval of a resolution authorizing the President & CEO, or his designee, to finalize and execute an agreement regarding Lakeline Park and Ride Improvements (the “Agreement”) with Sabot-Lakeline, LLC (Sabot), under which CapMetro will grant licenses to Sabot to improve, maintain and share use of the Lakeline Park and Ride driveway and install related amenities, with the construction of such improvements and amenities being at Sabot’s sole cost and expense.
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FISCAL IMPACT:
This action has no fiscal impact.
STRATEGIC PLAN:
Strategic Goal Alignment:
☒ 1. Internal/External Customer Service Excellence ☐ 2. Stakeholder Engagement
☐ 3. Financial and Environmental Sustainability ☐ 4. Staff Development ☐ 5. Agency Growth Management
Strategic Objectives:
☐ 1.1 Safety & Risk ☒1.2 Continuous improvement ☐ 1.3 Dynamic Change
☒1.4 Culture of Innovation ☐2.1 Be an Employer of Choice ☐2.2 Organization Development
☐2.3 Organization Culture ☒3.1 Resource optimization ☐3.2 Safety Culture
☐3.3 Environmental Leadership ☐4.1 Educate & Call to Action ☒4.2 Build Partnerships
☐4.3 Value of Transit ☐4.4 Project Connect
EXPLANATION OF STRATEGIC ALIGNMENT: Under this Agreement, Sabot, which is developing the property adjacent to Lakeline Park and Ride, will improve the Lakeline Park and Ride driveway in a manner beneficial to operations. It is expected that ridership will increase by an improved facility that supports Sabot’s mixed used development adjacent to the Park and Ride.
BUSINESS CASE: Under the Agreement, Sabot, the developer of a mixed use development located adjacent to the Lakeline Park and Ride, will improve the Park and Ride driveway and add amenities, at Sabot’s sole expense. Sabot have certain maintenance obligations with respect to the improvements. These improvements are beneficial for CapMetro’s operations and, the partnership will support Sabot's new mixed-used development, which, in turn, should increase ridership.
COMMITTEE RECOMMENDATION: This item will be presented to the full board on April 25, 2022.
EXECUTIVE SUMMARY: Sabot is currently developing a mixed-use project adjacent to the Lakeline Park and Ride. Under this Agreement, CapMetro will convey a license to Sabot to improve the Park and Ride driveway, including, but not limited to, constructing a dedicated bus lane, a bike lane with landscaping, parking spaces (for Sabot’s exclusive use), and a sidewalk as well as installing picnic table and benches, lighting, an entrance sign, way-finding signage, and a new CapMetro monument sign. The Agreement also provides that CapMetro will convey a long-term maintenance and use license to Sabot, under which Sabot will be responsible for certain maintenance obligations, at Sabot’s cost.
DBE/SBE PARTICIPATION: Does not apply.
PROCUREMENT: N/A
RESPONSIBLE DEPARTMENT: Planning and Development
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RESOLUTION
OF THE
CAPITAL METROPOLITAN TRANSPORTATION AUTHORITY
BOARD OF DIRECTORS
STATE OF TEXAS
COUNTY OF TRAVIS
AI-2022-403
WHEREAS, the Capital Metropolitan Transportation Authority Board of Directors is dedicated to pursuing innovative and productive partnerships that will improve CapMetro’s mass transit operations to better serve the community; and
WHEREAS, Sabot-Lakeline, LLC (“Sabot”) is developing a mixed use development adjacent to CapMetro’s Lakeline Park and Ride and desires to improve, at Sabot’s sole cost and expense, the driveway at Lakeline Park and Ride in a manner that is beneficial to both parties; and
WHEREAS, CapMetro is willing to enter into an agreement with Sabot under which CapMetro will grant licenses to Sabot for (i) the construction and installation of improvements, including but not limited to, a dedicated bus lane, a bike lane with landscaping, parking and a sidewalk, picnic table and benches, lighting, and signage, at Sabot’s sole cost and expense and (ii) Sabot’s use and maintenance of such improvements.
NOW, THEREFORE, BE IT RESOLVED by the Capital Metropolitan Transportation Authority Board of Directors that the President & CEO, or his designee, is authorized to finalize and executed an agreement regarding Lakeline Park and Ride Improvements, under which CapMetro will (i) grant to Sabot a license to construct, at Sabot’s cost and expense, improvements to Lakeline Park and Ride driveway and (ii) agree to enter into a License and Maintenance Agreement under which Sabot may jointly use the improvements and Sabot will be responsible for certain maintenance obligations, at Sabot’s cost.
____________________ Date: ____________________
Secretary of the Board
Leslie Pool