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File #: 2018-0140   
Type: Agreement Status: Agenda Ready
File created: 3/21/2018 In control: Planning and Programming Committee
On agenda: 9/19/2018 Final action:
Title: AUTHORIZE the Chief Executive Officer (CEO) to execute an Exclusive Negotiation Agreement and Planning Document (ENA) with Watt Companies, doing business as WIP-A, LLC (Developer) and the County of Los Angeles (County) for the development of 1.77 acres of Metro-owned property and 1.66 acres of County-owned property at the Expo/Crenshaw Station (Site), for 18 months with the option to extend up to 30 months.
Sponsors: Planning and Programming Committee
Indexes: Authorization, City of Los Angeles, Construction, Crenshaw/LAX Transit Corridor Project, Exclusive Negotiation Agreement, Expo/Crenshaw Jd (Project), Jobs, Joint development, Joint Development Agreement, Los Angeles International Airport, Maps, Metro Crenshaw Line, Metro Exposition Line, Metro Green Line, Metro Rail C Line, Metro Rail E Line, Outreach, Pedestrians, Program, Project, Property Agreement, Request For Proposal, Station 1015, Station 816, Zoning
Attachments: 1. Attachment A - Site Map, 2. Attachment B - Development Progress Summary, 3. Presentation
Related files: 2018-0673, 2018-0502
Date Action ByActionResultAction DetailsMeeting DetailsAudio
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Meeting_Body
REVISED
PLANNING AND PROGRAMMING COMMITTEE
SEPTEMBER 19, 2018

Subject
SUBJECT: EXPO/CRENSHAW STATION JOINT DEVELOPMENT PROJECT

Action
ACTION: APPROVE RECOMMENDATION

Heading
RECOMMENDATION

Title
AUTHORIZE the Chief Executive Officer (CEO) to execute an Exclusive Negotiation Agreement and Planning Document (ENA) with Watt Companies, doing business as WIP-A, LLC (Developer) and the County of Los Angeles (County) for the development of 1.77 acres of Metro-owned property and 1.66 acres of County-owned property at the Expo/Crenshaw Station (Site), for 18 months with the option to extend up to 30 months.

Issue
ISSUE

Following Metro Board of Directors (Metro Board) and County Board of Supervisors (County Board) authorization, on February 5, 2018, Metro and the County entered into a six-month Short Term Exclusive Negotiation Agreement and Planning Document (Short Term ENA) with the Developer for the Expo/Crenshaw Joint Development Project (Project). The Short Term ENA provided an interim period before executing a full term ENA so that the community could provide input on the Project and refinements could be considered. The Developer was also required to identify and enter into a letter of intent (LOI) with a community-based organization for its participation in the development of the Project.

In the Short Term ENA period, the Developer worked in good faith with Metro and County staff and performed pursuant to the requirements of the Short Term ENA, including executing a LOI with the West Angeles Community Development Corporation (WACDC) Staff is now recommending entering into a full term ENA, which will enable the Developer to continue outreach and project scoping, advance Project design, pursue entitlements/California Environmental Quality Act clearance, and negotiate key terms of Joint Development Agreements and Ground Leases with Metro and the County.

Background
BACKGROUND

In January 2017, Metro and the County released a Request fo...

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