Metro - File #: 2016-0386

• File #: 2016-0386
• Type: Agreement
• Status: Passed
• File created: 4/28/2016
• In control: Executive Management Committee
• On agenda: 6/15/2016
• Final action: 6/23/2016
• Title: AUTHORIZE the Chief Executive Officer to enter into a six-month Short Term Exclusive Negotiation Agreement and Planning Document (Short Term ENA), with an option to extend up to three additional months, with Trammell Crow Company and Greenland USA, for the development of Metro-owned property at the North Hollywood Station (Site).
• Sponsors: Planning and Development (Department)
• Indexes: Budgeting, City of Los Angeles, Exclusive Negotiation Agreement, Grant Aid, Joint development, Joint Development (Project), Metro Busway G Line, Metro Orange Line, Metro Rail B Line, Metro Red Line, North Hollywood, North Hollywood Station, Outreach, Plan, Procurement, Program, Project, Request For Proposal, Request for qualifications, Safety, Transit Oriented Community

Date	Action By	Action	Result
6/23/2016	Board of Directors - Regular Board Meeting
6/16/2016	Executive Management Committee

Meeting_Body
EXECUTIVE MANAGEMENT COMMITTEE
JUNE 16, 2016

Subject/Action
SUBJECT: NORTH HOLLYWOOD JOINT DEVELOPMENT

ACTION: AUTHORIZE EXECUTION OF AGREEMENT OF A SHORT TERM EXCLUSIVE NEGOTIATION AND PLANNING DOCUMENT

Heading
RECOMMENDATION

Title
AUTHORIZE the Chief Executive Officer to enter into a six-month Short Term Exclusive Negotiation Agreement and Planning Document (Short Term ENA), with an option to extend up to three additional months, with Trammell Crow Company and Greenland USA, for the development of Metro-owned property at the North Hollywood Station (Site).

Issue
ISSUE

Metro owns, maintains and operates properties throughout Los Angeles County for its current and future transportation operations. As part of Metro's Joint Development Program, staff evaluates these properties for potential joint development and selects properties for beneficial transit-supportive development. The properties at the North Hollywood Station are ideal for joint development because of their size and location near a key commercial center and one of the busiest stations in the Metro system. In December 2015, Metro released a Request for Proposals for Development of Metro-owned Parcels at the North Hollywood station (RFP) to two developers that had been short-listed through a Request for Information and Qualifications (RFIQ). On April 8, 2016, Metro received one proposal submitted jointly by the two short-listed developers, Trammell Crow Company and Greenland USA (together, "Developer"). After reviewing the proposal, staff has determined that, while the proposal responds to Metro's vision for the Site, additional considerations with respect to the transit infrastructure surrounding the site and alternative financing sources for the project will require further input from the community, Metro, and other public agency stakeholders to finalize the project definition. A Short-term ENA would provide an interim period to better define the project site plan, phasin...