The financing plan, which is the largest amount in HARD’s history, allows the district to move forward with multiple projects. General Manager John Gouveia stated that the Board of Directors took a bold step in approving this financing plan. Though it is a large sum and a huge obligation, the end result will be the acquisition of a very desirable parcel of land that will one day make a great park and the jump-starting of several other exciting projects that might have otherwise taken years to begin.
In recognizing the importance of creating more open space for the communities it serves, HARD will use about a third of the proceeds to purchase the East Bay Municipal Utility District 24-acre site commonly known at the Redwood Filtration Plant property, located in Castro Valley. Other upgrades and expansions are planned for San Lorenzo Community Park, Hayward’s Kennedy Park and Fairmont Terrace Park in San Leandro.
On behalf of the Hayward Area Recreation and Park District, we want to thank the CSDA Finance Corporation for making this transaction happen. It was quite a learning experience and we’re very thankful that we had your expertise.
- John Gouveia