Metro - File #: 2017-0144

• File #: 2017-0144
• Type: Agreement
• Status: Passed
• File created: 3/2/2017
• In control: Planning and Programming Committee
• On agenda: 4/19/2017
• Final action: 5/25/2017
• Title: AUTHORIZE the Chief Executive Officer to execute an Exclusive Negotiations and Planning Agreement (ENA) with Trammell Crow Company and Greenland USA (Developer) for the properties at North Hollywood Station (Site), for 24 months with the option to extend up to 30 months.
• Sponsors: Planning and Programming Committee
• Indexes: Arts District, Budgeting, Central Los Angeles subregion, Construction, Exclusive Negotiation Agreement, Housing, Joint development, Metro Busway G Line, Metro Orange Line, Metro Rail B Line, Metro Red Line, North Hollywood, North Hollywood Jd (Project), North Hollywood Station, North San Fernando Valley Transit Corridor, Outreach, Program, Program management, Project, Transit centers, Transit Oriented Community, Westside/Central Service Sector, Zoning

Date	Action By	Action	Result
5/25/2017	Board of Directors - Regular Board Meeting
4/19/2017	Planning and Programming Committee

Meeting_Body
REGULAR BOARD MEETING
MAY 25, 2017

Subject/Action
SUBJECT: NORTH HOLLYWOOD JOINT DEVELOPMENT PROJECT

ACTION: AUTHORIZE EXECUTION OF EXCLUSIVE NEGOTIATIONS AND PLANNING AGREEMENT FOR NORTH HOLLYWOOD JOINT DEVELOPMENT PROJECT

Heading
RECOMMENDATION

Title
AUTHORIZE the Chief Executive Officer to execute an Exclusive Negotiations and Planning Agreement (ENA) with Trammell Crow Company and Greenland USA (Developer) for the properties at North Hollywood Station (Site), for 24 months with the option to extend up to 30 months.

Issue
ISSUE

On June 24, 2016, Metro and the Developer entered into a 6-month Short Term ENA for the North Hollywood Joint Development Project (Project). Both parties executed a 3-month administrative extension of the Short Term ENA on December 24, 2016, and the Metro Board of Directors authorized an additional 3-month extension on February 23, 2017. These extensions were made to allow additional time for Metro and the Developer to 1) confirm feasibility of transit infrastructure requirements for project shaping; 2) ensure that the proposed development does not physically preclude relevant transit projects funded by the approval of Measure M; and 3) conduct further public outreach to share the results of these feasibility studies and site programming and gather further community feedback.

In the Short Term ENA period, the Developer worked in good faith with Metro staff and performed pursuant to the requirements of the agreement. Staff is now in a position to recommend entering into an ENA, which will enable more advanced negotiations around development of the Site and will allow processing the required entitlements including environmental approvals.

Discussion
DISCUSSION

The North Hollywood Station is a regional, multi-modal transportation hub that includes the termini of the Metro Red and Orange Lines, a local bus layover facility, and a Metro park-and-ride lot. The Site is comprised of four parcels, one easterly and...