Metro - File #: 2017-0625

• File #: 2017-0625
• Type: Program
• Status: Agenda Ready
• File created: 9/14/2017
• In control: Planning and Programming Committee
• On agenda: 2/14/2018
• Title: CONSIDER: A. AWARDING $3,080,500 for Transit Oriented Development (TOD) Grants to the 8 recommended jurisdictions as shown in Attachment A; B. AUTHORIZING the Chief Executive Officer (CEO) or designee to execute Grant Agreements for funds awarded; and C. AMENDING the Round 5 TOD Planning Grant Program Guidelines (Attachment B).
• Sponsors: Planning and Programming Committee
• Indexes: Agreements, Budgeting, Community Revitalization and Investment Authority, Council Of Governments, Enhanced Infrastructure Financing District, Funding plan, Grant Aid, Guidelines, Housing, Long Range Transportation Plan, Measure R, Metrolink, Neighborhood Infill Finance and Transit Improvements Act, Pilot studies, Program, Ridership, Short Range Transportation Plan, Tax Increment Financing, Technical Advisory Committee, Transit Oriented Communities Tax Increment Financing Pilot Program, Transit Oriented Community, Transit Oriented Development, Transit Oriented Development Planning Grant Program
• Related files: 2018-0091

Meeting_Body
PLANNING AND PROGRAMMING COMMITTEE
FEBRUARY 14, 2018

Subject
SUBJECT: TRANSIT ORIENTED DEVELOPMENT PLANNING
GRANT PROGRAM

Action
ACTION: APPROVE ROUND 5 FUNDING RECOMMENDATIONS AND RELATED ACTIONS

Heading
RECOMMENDATION

Title
CONSIDER:

A. AWARDING $3,080,500 for Transit Oriented Development (TOD) Grants to the 8 recommended jurisdictions as shown in Attachment A;

B. AUTHORIZING the Chief Executive Officer (CEO) or designee to execute Grant Agreements for funds awarded; and

C. AMENDING the Round 5 TOD Planning Grant Program Guidelines (Attachment B).

Issue
ISSUE

On March 24, 2015, the Board approved releasing Round 5 of the Transit Oriented Development Planning Grant Program ("Program"). In April 2017, a request for applications was issued with a maximum of $3,100,000 in funding.

Staff received 12 applications totaling $5,098,570 in grant funds. The applications were evaluated by a panel that included internal and external evaluators. Staff recommends that the Board fund 8 projects totaling $3,080,500 and authorize the CEO to execute Grant Agreements with successful applicants.


Discussion
DISCUSSION

Metro developed the TOD Planning Grant Program in 2011 to spur the adoption of regulatory planning documents that remove barriers to transit-supportive planning. Since then, Metro has funded 35 projects in 29 cities and the County of Los Angeles, totaling $21.6 million. The Program supports Los Angeles County municipalities in the adoption of transit-supportive regulatory plans. Round 5 continues the funding of transformative land use regulations and the newly created Transit Oriented Communities Tax Increment Financing Pilot (TOC TIF Pilot) Program, which will fund feasibility studies for eligible cities and/or the County to consider tax increment financing districts around transit stations.

Round 5

Funding for Round 5 was available to the County of Los Angeles, and all cities with regulatory jurisdiction within a one-hal...