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File #: 2015-1288   
Type: Agreement Status: Consent Calendar
File created: 8/12/2015 In control: Board of Directors - Regular Board Meeting
On agenda: 9/24/2015 Final action: 9/24/2015
Title: AUTHORIZING the Chief Executive Officer to: A. negotiate and execute an Amended and Restated Parking License ("Amended License") for transit patron parking for an initial term of five years at 3500 Crenshaw Boulevard, Los Angeles, California with West Angeles Church of God In Christ (WA COGIC) for an amount not to exceed an annual lease payment of $323,100 plus applicable real estate taxes; B. exercise options contained in the lease at his discretion; and C. deposit cost savings into the Risk Allocation Matrix Internal Savings Account (RISA), pending Board approval of the full concept later this year.
Sponsors: Executive Management Committee
Indexes: Agreement, Demand, Expo Line Operating Project, Los Angeles International Airport, Metro Exposition Line, Payment, Station 1021, Station 1023, Station 816
Attachments: 1. Attachment A - Summary of Expo Boarding & Alightings, 2. Attachment B - Summary of License Amendment, 3. Attachment C - WA COGIC Term Sheet
Meeting_Body
EXECUTIVE MANAGEMENT COMMITTEE
SEPTEMBER 17, 2015

Subject/Action
SUBJECT: AMENDED AND RESTATED PARKING LICENSE

ACTION: APPROVE LICENSE AMENDMENT WITH WEST ANGELES CHURCH OF GOD IN CHRIST

Heading
RECOMMENDATION

Title
AUTHORIZING the Chief Executive Officer to:

A. negotiate and execute an Amended and Restated Parking License ("Amended License") for transit patron parking for an initial term of five years at 3500 Crenshaw Boulevard, Los Angeles, California with West Angeles Church of God In Christ (WA COGIC) for an amount not to exceed an annual lease payment of $323,100 plus applicable real estate taxes;

B. exercise options contained in the lease at his discretion; and

C. deposit cost savings into the Risk Allocation Matrix Internal Savings Account (RISA), pending Board approval of the full concept later this year.

Issue
ISSUE

On April 2, 2012 Metro entered into a parking license ("Existing License") with WA COGIC for the use of 450 parking spaces for transit patrons in a parking structure, six (6) days per week in support of the Crenshaw/Exposition Light Rail Station. Current demand and parking surveys by Metro indicate a need for less than 100 parking spaces per day.

As part of its review of Metro Parking assets the Board has directed Metro staff to renegotiate the Existing License with WA COGIC to lower the cost of the license fees to an amount commensurate with the use of the parking by Metro patrons.

Discussion
DISCUSSION

Metro's Travel Demand Model estimated the demand for parking on the opening day of the Expo Phase I Project to be 1,490 spaces. Parking facilities were proposed at three locations along the Expo route: Culver City Station, La Cienega/Jefferson Station and Crenshaw Station. Metro constructed surface parking at the Culver City Station and a parking structure at the La Cienega/Jefferson Station. The parking for the Crenshaw Station is being provided through a shared use agr...

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