REGIONAL ADMINISTRATIVE FACILITY CORP

What they do

THE PURPOSE of THE REGIONAL ADMINISTRATIVE FACILITY CORP (RAFC) is to EXERCISE A CUSTODIAL RESPONSIBILITY ON BEHALF of THE OWNER/OCCUPANTS to DISCHARGE OPERATIONAL OBLIGATIONS. - THE PURPOSE of THE REGIONAL ADMINISTRATIVE FACILITY CORP (RAFC) is to EXERCISE A CUSTODIAL RESPONSIBILITY ON BEHALF of THE OWNER/OCCUPANTS to DISCHARGE OPERATIONAL OBLIGATIONS. THE FUNCTION of RAFC is to ADMINISTER, OPERATE, PRESERVE and CONTROL COMMON AREAS UNDER A CONDOMINIUM PLAN ESTABLISHED BY THE FOLLOWING THREE OWNER/OCCUPANTS of THE PROJECT:1) SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT (BART)2) THE METROPOLITAN TRANSPORTATION COMMISSION (MTC)3) THE ASSOCIATION of BAY AREA GOVERNMENTS (ABAG)UNDER THE ABOVE PLAN, RAFC EXERCISES A CUSTODIAL RESPONSIBILITY ON BAHALF of THE OWNER/OCCUPANTS to DISCHARGE OPERATIONAL OBLIGATIONS and to ASSESS SUFFICIENT AMOUNTS to MEET ALL REQUIRED EXPENDITURES of THE COMMON AREAS. AS of 6/22/17, BART is THE SOLE OWNER/OCCUPANT.