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File #: 2019-0602   
Type: Agreement Status: Agenda Ready
File created: 7/29/2019 In control: Planning and Programming Committee
On agenda: 10/16/2019 Final action:
Title: CONSIDER authorizing the Chief Executive Officer to execute an amendment to the Exclusive Negotiation Agreement and Planning Document with NOHO Development Associates LLC for the development of Metro-owned property, to extend the term for 18 months with an option to extend for an additional 12 months.
Sponsors: Planning and Programming Committee
Indexes: Agreements, Americans With Disabilities Act, Bus rapid transit, City of Los Angeles, Exclusive Negotiation Agreement, Joint development, Metro Orange Line, Metro Red Line, North Hollywood, North Hollywood Jd, Outreach, Pedestrians, Procurement, San Fernando Valley, Station 1101, Station 636, Transit buses, Transit centers
Attachments: 1. Attachment A - North Hollywood Joint Development Fact Sheet, 2. Presentation
Related files: 2019-0800
Meeting_Body
PLANNING AND PROGRAMMING COMMITTEE
OCTOBER 16, 2019

Subject
SUBJECT: NORTH HOLLYWOOD JOINT DEVELOPMENT

Action
ACTION: APPROVE RECOMMENDATION

Heading
RECOMMENDATION

Title
CONSIDER authorizing the Chief Executive Officer to execute an amendment to the Exclusive Negotiation Agreement and Planning Document with NOHO Development Associates LLC for the development of Metro-owned property, to extend the term for 18 months with an option to extend for an additional 12 months.

Issue
ISSUE

Metro and NOHO Development Associates LLC (Developer) are parties to an Exclusive Negotiation Agreement and Planning Document (ENA) for the development of a 15-acre mixed-use project adjacent to the North Hollywood Station. The ENA is set to expire on December 12, 2019. An extension of the ENA term is necessary to allow the Developer sufficient time to fully entitle and environmentally clear the Project with the City of Los Angeles and finalize Joint Development Agreement (JDA) and Ground Lease (GL) terms, subject to Metro Board of Directors (Board) approval.

Background
BACKGROUND

On June 24, 2016, following a competitive solicitation process, Metro and the Developer entered into a six-month Short Term ENA for the Project. Both parties executed a three-month administrative extension of the Short Term ENA on December 24, 2016, and the Board authorized an additional three-month extension on February 23, 2017. These extensions allowed additional time for Metro and the Developer to confirm feasibility of transit infrastructure requirements for Site and conduct further public outreach.

Having satisfactorily fulfilled the requirements of the Short Term ENA, on June 12, 2017 Metro and the Developer entered into a 24-month ENA, which was further extended on May 15, 2019 in order to refine the project design, negotiate terms for a JDA and GL, continue the outreach and community engagement and allow the Developer to complete the environmental clearance process. Th...

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