Metro - File #: 2016-0498

• File #: 2016-0498
• Type: Agreement
• Status: Passed
• File created: 6/6/2016
• In control: Planning and Programming Committee
• On agenda: 11/16/2016
• Final action: 12/1/2016
• Title: AUTHORIZE the Chief Executive Officer, or his designee, to execute a Perpetual Easement Agreement, Reciprocal Easement Agreement and other related documents with the city of Culver City (City) and/or the developer and other related parties to allow for the construction, use, operation and maintenance of the Ivy Station mixed-use development project adjacent to the Metro Expo Culver City Station as described in Attachment D which will include a Metro park-and-ride facility as contemplated by a previously Board-approved and executed Option Agreement and Memorandum of Understanding with the City.
• Sponsors: Planning and Development (Department)
• Indexes: Budgeting, California Environmental Quality Act, City of Los Angeles, Construction, Culver City, Culver City Station, Easements, Expo/Sepulveda Station, Exposition Light Rail Transit Project, Grant Aid, Housing, La Cienega/Jefferson Station, Maintenance practices, Maps, Memorandum Of Understanding, Metro Exposition Line, Metro Rail E Line, Mitigation, Operations and Maintenance, Park and ride, Pedestrians, Project, Redevelopment, Station operations, Transit Oriented Development, Westside Cities subregion, Westside/Central Service Sector, Zoning

Date	Action By	Action	Result
11/16/2016	Planning and Programming Committee

Meeting_Body
PLANNING AND PROGRAMMING COMMITTEE
NOVEMBER 16, 2016

Subject/Action
SUBJECT: CULVER CITY STATION ADJACENT DEVELOPMENT

ACTION: AUTHORIZE REAL ESTATE AGREEMENTS

Heading
RECOMMENDATION

Title
AUTHORIZE the Chief Executive Officer, or his designee, to execute a Perpetual Easement Agreement, Reciprocal Easement Agreement and other related documents with the city of Culver City (City) and/or the developer and other related parties to allow for the construction, use, operation and maintenance of the Ivy Station mixed-use development project adjacent to the Metro Expo Culver City Station as described in Attachment D which will include a Metro park-and-ride facility as contemplated by a previously Board-approved and executed Option Agreement and Memorandum of Understanding with the City.

Issue
ISSUE

In September 2011, Metro entered into an Option Agreement with the City for a perpetual easement to provide for construction of a transit-oriented development on a portion of Metro-owned right-of-way adjacent to the Metro Expo Line Culver City Station (Station), the primary consideration for which is the provision of the existing parking on the Project Site prior to construction, 235 parking spaces in the City's Ince Garage during construction of the development, and 300 park-and-ride spaces as part of the future development. In February 2012, the City selected Lowe Enterprises, doing business as Culver Station LLC (Developer), to develop a mixed-use development on a series of assembled parcels adjacent to the Station, including a portion of the Metro-owned right-of-way as contemplated in the Option Agreement. The City desires to exercise its option and the Metro Board of Director's (Board) authorization to enter into agreements and consider environmental effects of the project is necessary to effectuate the transaction.

Discussion
DISCUSSION

Background
In 2000, the City commenced planning for the redevelopment of the parcels surrounding the Stati...