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Transit-OrientedDevelopmentPolicy <br />Adopted June 9, 2016 | Amended April 23, 2020 <br />VISION <br />The San Francisco Bay Area Rapid Transit District (BART) is a steward of a large scale public investment. <br />This includes real estate assets essential to BART’s transit operations, and real estate assets that can be <br />used to catalyze transit-oriented development in furtherance of BART’s purpose and goals. BART <br />leverages these opportunities by working in partnership with the communities it serves in order to <br />implement the regional land use vision and achieve local and regional economic development goals. <br />Strengthening the connections between people, places, and services enhances BART’s value as a regional <br />resource. <br />GOALS <br />A.Complete Communities. Partner to ensure BART contributes to neighborhood/district vitality, creating <br />places offering a mix of uses and incomes. <br />B.Sustainable Communities Strategy. Lead in the delivery of the region’s land use and transportation vision <br />to achieve quality of life, economic, and greenhouse gas reduction goals. <br />C.Ridership. Increase BART ridership, particularly in locations and times when the system has capacity to <br />grow. <br />D.Value Creation and Value Capture. Enhance the stability of BART’s financial base by capturing the <br />value of transit, and reinvesting in the program to maximize TOD goals. <br />E.Transportation Choice. Leverage land use and urban design to encourage non-auto transportation choices <br />both on and off BART property, through enhanced walkability and bikeability, and seamless transit <br />connectivity. <br />F.Affordability. Serve households of all income levels by linking housing affordability with access to <br />opportunity. <br />STRATEGIES <br />A.Manage Resources Strategically to Support Transit-Oriented Development <br />1.Develop a 4-Year Work Plan to assess how staff and financial activities toward TOD will be most fruitful. <br />Identify BART staffing priorities and assignments to promote TOD on and around District property, including <br />contributions to efforts such as planning and development, community engagement, funding and financing <br />strategies. <br />2.Favor long-term ground leases of no more than 66 years, rather than sale of property, as the standard disposition <br />strategy for joint development projects, except in cases where alternative approaches are required to achieve <br />specific development objectives (e.g., Low Income Housing Tax Credit-funded affordable housing, requiring a <br />ground lease term of no less than 75 years), or where other strategies would generate greater financial return to <br />the District. <br />3.Solicit proposals for transit-oriented development in localities that have an adopted plan allowing for transit- <br />supportive land uses as defined in the TOD Guidelines. Utilize a competitive selection process but ensure the <br />solicitation process considers property assembly with adjacent land owners for optimal TOD. <br />EXHIBIT 2 <br />Page 8 of 21 <br />Docusign Envelope ID: 094A4C1A-13D7-44EA-BE42-B0F1E0142890Docusign Envelope ID: 663B3163-E73A-4E80-A759-F92FA9FC8D9D