https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=2602780&GUID=6940377E-1284-439B-B8E8-7E2BA53D19C3Legistar15https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=2602780&GUID=6940377E-1284-439B-B8E8-7E2BA53D19C36940377E-1284-439B-B8E8-7E2BA53D19C3-2026-05-26-06-41-01Title: CONSIDER: A. AUTHORIZING the Chief Executive Officer (CEO) to execute an agreement (Master Agreement) with EQR-4th & Hill LP (EQR) in which the Los Angeles County Metropolitan Transportation Authority (METRO) agrees to grant to EQR, and take all necessary steps to record, certain “Real Estate Interests” in the METRO owned property located at the northeast corner of 4th and Hill, subject to all conditions as set forth in the Master Agreement. On the terms set forth in the Master Agreement and ancillary agreements, EQR will (1) pay an agreed upon fair market value of the easements, (2) regrade and install, operate and maintain “Enhanced Plaza Improvements” on the Metro Plaza (at the northeast 4th/Hill portal) pursuant to a design approved by METRO, and (3) pay for changes required to mitigate impacts to Metro-Clark Contract C1073 due to EQR Project; and B. DELEGATING to the CEO the authority to approve the fair market value of the various temporary and permanent easements and lease agreement up to the amount of $1,000,000.Tue, 26 May 2026 06:41:01 GMT