Riverside Transit Agency AgendaPacket Board Budget and Finance Committee Meeting 2026-06-03
RTA, City of Hemet MOU for New Mobility Hub
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Description
The Budget and Finance Committee recommends entering into an MOU with the City of Hemet to develop, construct, and operate the Hemet Mobility Hub on a City-owned parcel. The agreement grants RTA a 40-year site license, fee waivers, and a commitment to help fund long-term maintenance and security through a Community Facilities District.
Contract Details
Vendor
CITY OF HEMET
Agency
Riverside Transit Agency, CA
Contract Type
FACILITIES
Document Date
June 3, 2026
Contract Term
40-year license term for site use once the hub is operational; MOU supports development, construction, and operation over the hub’s 40-year useful life
Renewal Info
MOU includes a 40-year license to use the site, aligned with the facility’s federal useful life; future Community Facilities District is to be formed within five years of hub operation to support ongoing costs.
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