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File #: 2015-1512   
Type: Agreement Status: Passed
File created: 9/23/2015 In control: Board of Directors - Regular Board Meeting
On agenda: 12/3/2015 Final action: 12/3/2015
Title: AUTHORIZING the Chief Executive Officer to execute an amendment to the Exclusive Negotiating Agreement with A Community of Friends to extend its term for an additional 6 months, for the joint development of Metro-owned property at 1st and Lorena Street along the Metro Gold Line Eastside Extension.
Sponsors: Planning and Development (Department)
Indexes: Boyle Heights, California Environmental Quality Act, City of Los Angeles, Exclusive Negotiation Agreement, Grant Aid, Joint development, Joint Development (Project), Joint Development Agreement, Land use, Land use planning, Maps, Metro Gold Line, Metro Gold Line Eastside Extension, Metro Rail L Line, Policy, Project, Safety, Westside/Central Service Sector
Attachments: 1. Attachment A - Development Site Map, 2. Presentation
Meeting_Body
PLANNING AND PROGRAMMING COMMITTEE
NOVEMBER 18, 2015

Subject/Action
SUBJECT: 1ST AND LORENA JOINT DEVELOPMENT

ACTION: AUTHORIZE AMENDMENT TO EXTEND EXISTING EXCLUSIVE NEGOTIATING AGREEMENT FOR SIX MONTHS


Heading
RECOMMENDATION

Title
AUTHORIZING the Chief Executive Officer to execute an amendment to the Exclusive Negotiating Agreement with A Community of Friends to extend its term for an additional 6 months, for the joint development of Metro-owned property at 1st and Lorena Street along the Metro Gold Line Eastside Extension.

Issue
ISSUE

In November 2014, the Board authorized an amendment to grant a 12-month extension to the Exclusive Negotiating Agreement (ENA) with A Community of Friends (ACOF) (Developer) for a 49-unit mixed-use affordable housing project at 1st and Lorena Street (See Attachment A, Site Map). This extension is due to expire on December 27, 2015. At its completion, the ENA timeframe will have been for 30 months. The current Joint Development Policy stipulates that the timeframe for an ENA shall not exceed 30 months. Board action is needed to approve an amendment to extend, as well as to grant an exception to the policy. There has been significant progress made in garnering community support for the project and obtaining City approvals and the additional time will allow the Developer to complete the process and negotiate the terms for a Joint Development Agreement (JDA).


Discussion
DISCUSSION

On June 27, 2013, the Developer and Metro entered into an ENA to plan and consider the terms and conditions of a potential JDA for development of a transit-oriented mixed-use affordable housing development at 1st and Lorena in Boyle Heights. The original ENA was for 18 months. During that timeframe, the Developer advanced the project through final design, the California Environmental
Quality Act (CEQA) submittal process, and associated project approval requirements by the City of Los Angeles. ...

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