BAY AREA RAPID TRANSIT (BART) MOU 25-0725

42562.1 TRANSIT-ORIENTED DEVELOPMENT PLANNING MEMORANDUM OF UNDERSTANDING This Memorandum of Understanding (“MOU”) is entered into this 15th day of July 2025, by and between the City of Pleasanton (“City”) and the San Francisco Bay Area Rapid Transit District (“BART” or the “District”) (together, the “Parties”) to cooperatively plan for potential development at and around the Pleasanton side of the Dublin/Pleasanton BART Station (“Station”). RECITALS A.BART and the City acknowledge that the San Francisco Bay Area region faces a shortage of homes and a climate crisis that requires a significant reduction in vehicle miles traveled, both of which are challenges that may be alleviated by transit-oriented development (“TOD”). B.The BART-owned parking lots at and around the Pleasanton side of the Dublin/Pleasanton Station (the “Site”), attached hereto as Exhibit 1, offer a unique opportunity for TOD because of their desirable location and adjacency to the Station, the Hacienda Business Park, Iron Horse Trail (IHT), and Interstate 580. C.In 2011, the City drafted land use concepts, development standards and guidelines for the site, but since that time, market conditions, state law (including the passage by the State Legislature of AB 2923), and site conditions have significantly changed, leading to a need to update and re-examine the prior work. D.In 2016, the BART Board adopted three policies which set overall goals for BART's TOD program: 1.A TOD Policy, attached hereto (as amended in 2020) as Exhibit 2,, which, sets the goals of creating complete communities, advancing sustainable communities, increasing ridership, capturing the value of transit, enhancing transportation choice, and increasing affordability with target of 35% of all units to be as affordable with a priority of for low- and very-low-income households, 2.An Affordable Housing Policy, attached hereto as Exhibit 3, which requires a 20% affordable housing minimum for each project, and favors those with the greatest depth and quantity of affordable housing, and 3.A Station Access Policy, attached hereto as Exhibit 4, to guide access practices and investments. This Policy aims to support the broader livability goals of the Bay Area, reinforce sustainable communities, increase the share of BART passengers walking and biking to the stations, and enable riders to get to and from stations safely, comfortably, affordably, and cost-effectively. E.In 2017, the Tri-Valley–San Joaquin Valley Regional Rail Authority was formed and began planning passenger rail service, known as Valley Link, to potentially connect with the Station Docusign Envelope ID: 094A4C1A-13D7-44EA-BE42-B0F1E0142890Docusign Envelope ID: 663B3163-E73A-4E80-A759-F92FA9FC8D9D