Metro - File #: 2016-0697

• File #: 2016-0697
• Type: Agreement
• Status: Consent Calendar
• File created: 8/24/2016
• In control: Board of Directors - Regular Board Meeting
• On agenda: 9/22/2016
• Final action: 9/22/2016
• Title: CONSIDER: A. APPROVING the Crenshaw/LAX Light Rail Transit Project Measure R Local Match Financial Contribution Agreement between the City of Inglewood and Metro; and B. AUTHORIZING the Chief Executive Officer to execute the said agreement.
• Sponsors: Board of Directors - Regular Board Meeting
• Indexes: Budgeting, Central Los Angeles subregion, City of Los Angeles, Construction, Crenshaw/LAX Transit Corridor Project, First/Last Mile, Inglewood, Light rail transit, Long range planning, Long Range Transportation Plan, Los Angeles International Airport, Measure R, Metro Crenshaw Line, Metro Exposition Line, Metro Green Line, Metro Rail C Line, Metro Rail E Line, Metro Rail K Line, Project, Proposition A, Proposition C, Regional Surface Transportation Program, San Fernando Valley subregion, South Bay Cities subregion, South Bay Service Sector, Westside Cities subregion

Date	Action By	Action	Result
9/22/2016	Board of Directors - Regular Board Meeting
9/14/2016	Finance, Budget and Audit Committee

Meeting_Body
FINANCE, BUDGET AND AUDIT COMMITTEE
SEPTEMBER 14, 2016

Subject/Action
SUBJECT: CITY OF INGLEWOOD LOCAL CONTRIBUTION TO MEASURE R CRENSHAW /LAX PROJECT

ACTION: APPROVE CONTRIBUTION AGREEMENT AND AUTHORIZE EXECUTION
Heading
RECOMMENDATION

Title
CONSIDER:

A. APPROVING the Crenshaw/LAX Light Rail Transit Project Measure R Local Match Financial Contribution Agreement between the City of Inglewood and Metro; and

B. AUTHORIZING the Chief Executive Officer to execute the said agreement.

Issue
ISSUE

The financial plan for the Crenshaw/LAX Light Rail Transit Project ("Project") assumes that local jurisdictions through which the Project runs will make a contribution towards the Project costs ("the 3% Contribution") . For the subject Project, this would include the cities of Los Angeles and Inglewood. The Metro Board has approved and Metro and the City of Los Angeles have previously entered into an agreement for the Los Angeles contribution which is equal to 3% of the estimated project cost as of the date of the agreement multiplied by the percentage of the project track miles located within the City of Los Angeles. Metro staff and the City of Inglewood staff have negotiated a contribution agreement as described below. The agreement was approved by the Inglewood City Council on August 23, 2016. The agreement requires Metro Board approval to be implemented.
Discussion
DISCUSSION

In 2012 Metro and City of Inglewood staff negotiated a contribution agreement which provided that the City make a contribution equal to approximately 3% of the estimated Project costs multiplied by the percentage of Project track mileage located with the City of Inglewood. This agreement provided for a contribution of approximately $17.7 million, financed over 35 years. The agreement was approved by the Metro Board but was not approved by the Inglewood City Council in part due to the on-going negotiation with Metro concerning certain Project elements. With most of th...