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File #: 2017-0688   
Type: Agreement Status: Agenda Ready
File created: 10/3/2017 In control: Planning and Programming Committee
On agenda: 3/14/2018 Final action:
Title: AUTHORIZE the Chief Executive Officer to execute an 18-month Exclusive Negotiation Agreement and Planning Document ("ENA") with Little Tokyo Service Center Community Development Corporation ("LTSC" or "the Proposer") for the development of 1.06 acres of Metro-owned property at the Vermont/Santa Monica Station ("Site"), subject to resolution of protest(s), if any.
Sponsors: Planning and Programming Committee
Indexes: Agreements, City of Los Angeles, Construction, East Hollywood, Exclusive Negotiation Agreement, Federal Transit Administration, Hollywood, Joint development, Land, Little Tokyo, Metro Red Line, Payment, Pedestrians, Procurement, Safety, Station 620, Unsolicited Proposal Policy, Vermont & Santa Monica Jd
Attachments: 1. Attachment A - Site Map, 2. Attachment B - Procurement Summary, 3. Presentation
Related files: 2018-0154
Meeting_Body
PLANNING AND PROGRAMMING COMMITTEE
MARCH 14, 2018

Subject
SUBJECT: VERMONT/SANTA MONICA STATION JOINT
DEVELOPMENT PROJECT

Action
ACTION: AUTHORIZE EXECUTION OF EXCLUSIVE NEGOTIATION AGREEMENT AND PLANNING DOCUMENT

Heading
RECOMMENDATION

Title
AUTHORIZE the Chief Executive Officer to execute an 18-month Exclusive Negotiation Agreement and Planning Document ("ENA") with Little Tokyo Service Center Community Development Corporation ("LTSC" or "the Proposer") for the development of 1.06 acres of Metro-owned property at the Vermont/Santa Monica Station ("Site"), subject to resolution of protest(s), if any.

Issue
ISSUE

In January 2017, Metro received an Unsolicited Joint Development Proposal from LTSC which contemplated joint development of Metro-owned property and adjacent privately-owned parcels at the Vermont/Santa Monica Station (see Attachment A - Site Map). After completing a two-phased review and public solicitation in accordance with the Joint Development Unsolicited Proposals Policy and Process ("JD UP Policy"), the Metro staff evaluation committee recommends advancing the proposal by entering into an ENA with LTSC (see Attachment B - Procurement Summary).

Discussion
DISCUSSION

Background
In January 1993, the Metro Red Line opened and began providing heavy rail subway transit service between downtown Los Angeles and Westlake/MacArthur Park. By early 2000, the service was extended to North Hollywood. The Vermont/Santa Monica Station includes parcels of land that were acquired by Metro to build the station as well as adjacent parcels that are currently vacant and leased to neighboring businesses for parking.

A study was conducted in December 2015 to determine the feasibility of development on the Metro-owned parcels at the Vermont/Santa Monica Station. The analysis concluded that, due to the constraints of the irregularly shaped parcels and location of the station's portal and plaza, the only potentially feasible development...

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