The company, which is owned by Roger Cardenas, has been hit with over $50,000 worth of fines by the SFMTA.
According to Taxi Services staff:
"The fines were for continuous violations of company reporting requirements and vehicle equipment problems (disconnected Paratransit equipment)."
Mr. Cardenas has agreed to go out of business as a settlement for the fines.
Bay's 109 medallion holders will have until November 1, 2013 to tell Taxi Services to which color schemes they choose to move their medallions. Because it won't be a voluntary transfer, the standard color scheme transfer fee of $611.50 will be waved. The transfers should be completed by November 29, 2013.