Metro - File #: 2019-0602

• File #: 2019-0602
• Type: Agreement
• Status: Agenda Ready
• File created: 7/29/2019
• In control: Planning and Programming Committee
• On agenda: 10/16/2019
• 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, Budgeting, Bus rapid transit, Central Los Angeles subregion, City of Los Angeles, Exclusive Negotiation Agreement, Housing, Joint development, Joint Development Agreement, Metro Busway G Line, Metro Orange Line, Metro Rail B Line, Metro Red Line, North Hollywood, North Hollywood Jd (Project), North Hollywood Station, Outreach, Pedestrians, Procurement, Project, San Fernando Valley subregion, South Bay Cities subregion, Transit buses, Transit centers, Westside Cities subregion
• Related files: 2019-0800

Date	Action By	Action	Result
10/24/2019	Board of Directors - Regular Board Meeting
10/24/2019	Board of Directors - Regular Board Meeting

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...