Meeting_Body
FINANCE, BUDGET AND AUDIT COMMITTEE
APRIL 17, 2025
Subject
SUBJECT: LICENSE AGREEMENT WITH THE CITY OF SANTA CLARITA FOR
VIA PRINCESSA PARK PEDESTRIAN AND VEHICLE UNDERCROSSING
Action
ACTION: APPROVE RECOMMENDATION
Heading
RECOMMENDATION
Title
AUTHORIZE the Chief Executive Officer (CEO) or their designee, to execute a 45 year license agreement commencing May 1, 2025, with the City of Santa Clarita ("City") for a portion of real property located on parcel numbered (APN) 2864-003-901 ("Property") depicted in Attachment A, for a one-time administrative fee of $1,500 ("License").
Issue
ISSUE
The City of Santa Clarita is developing the Via Princessa Park project ("Project"), which will provide recreational amenities, enhance transit accessibility, and improve environmental sustainability. The City is requesting a 45-year license for a pedestrian and restricted vehicle crossing under Metro-owned right of way. Board approval is required as the term exceeds the CEO's five-year limit.
Background
BACKGROUND
LACMTA acquired the Property in 1991 from Southern Pacific Transportation Company ("SPTC") as part of the Saugus and Ventura Right of Way. The Metro-owned right of way is currently operated by Southern California Regional Rail Authority ("Metrolink") providing commuter train services to the region. Metrolink's Via Princessa Station ("Station") parking lot is owned by the City of Santa Clarita and serves commuter train patrons daily.
Discussion
DISCUSSION
The Via Princessa Park project is a transformative investment that will provide much-needed recreational amenities, enhanced transit accessibility, and improved environmental sustainability for the City of Santa Clarita. Spanning 34 acres of primarily vacant, city-owned land, the Project will introduce multi-purpose sports fields, pickleball courts, playgrounds, walking paths, shaded gathering spaces, and public art installations, while integrating a regional stormwater infiltration...
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