Metro - File #: 2025-0324

• File #: 2025-0324
• Type: Contract
• Status: Agenda Ready
• File created: 4/17/2025
• In control: Planning and Programming Committee
• On agenda: 5/14/2025
• Title: AUTHORIZE the Chief Executive Officer (CEO) to award a firm fixed price Contract No. PS122552000 to Vermont Slauson - LDC, Inc. for the administration of the Transit Oriented Communities Economic Development Program (EDP) Pilot Investment Fund (Fund) in the amount of $1,370,495 for the three-year base term, $310,740 for the first option year, and $253,745 for the second option year, for a total combined contract amount of $1,934,980, effective June 1, 2025, subject to the resolution of any properly submitted protest(s), if any.
• Sponsors: Board of Directors - Regular Board Meeting
• Indexes: Budgeting, City of Los Angeles, Contract administration, Contracts, Coronavirus Disease 2019 (COVID-19), Equity Focus Communities, Funding plan, Guidelines, Leimert Park, Little Tokyo, Los Angeles International Airport, Metro Equity Platform, Metro Rail K Line, Metro Vision 2028 Plan, Outreach, Pilot studies, Plan, Procurement, Program, Ridership, Safety, Strategic planning, Transit Oriented Community, Transit Oriented Development, Westside/Central Service Sector

Meeting_Body
PLANNING AND PROGRAMMING COMMITTEE
MAY 14, 2025

Subject
SUBJECT: TRANSIT ORIENTED COMMUNITIES ECONOMIC DEVELOPMENT PROGRAM PILOT INVESTMENT FUND PROGRAM ADMINISTRATOR

Action
ACTION: APPROVE CONTRACT AWARD

Heading
RECOMMENDATION

Title
AUTHORIZE the Chief Executive Officer (CEO) to award a firm fixed price Contract No. PS122552000 to Vermont Slauson - LDC, Inc. for the administration of the Transit Oriented Communities Economic Development Program (EDP) Pilot Investment Fund (Fund) in the amount of $1,370,495 for the three-year base term, $310,740 for the first option year, and $253,745 for the second option year, for a total combined contract amount of $1,934,980, effective June 1, 2025, subject to the resolution of any properly submitted protest(s), if any.

Issue
ISSUE

In response to direction from the Metro Board of Directors via a series of motions from 2015 to 2021(Attachment A) to strengthen small business support and prevent displacement near transit , Metro developed the Transit Oriented Communities Economic Development Program (EDP), including the Pilot Investment Fund (Fund) which the Board approved December 1, 2022. The EDP consists of two components, station area activation and the Pilot Investment Fund (Fund). The station area activation component of the EDP has progressed with grant agreements for Station Managers at the three pilot stations Leimert Park, Westlake/MacArthur Park, and Willowbrook/Rosa Parks, program management plans, and program launch scheduled in June 2025. Metro now plans to implement the Fund component of the EDP to assist small businesses and eligible nonprofit organizations.

The Fund is designed to leverage Metro's significant transit infrastructure investment and serve as an economic catalyst for Equity Focused Communities (EFCs). It partners with other agencies and private financial institutions for additional resources and requires a community development financial institution (CDFI) for...