Metro - File #: 2019-0827

• File #: 2019-0827
• Type: Agreement
• Status: Agenda Ready
• File created: 11/8/2019
• In control: Planning and Programming Committee
• On agenda: 2/19/2020
• Title: AUTHORIZE the Chief Executive Officer ("CEO") to execute a short-term Exclusive Negotiations Agreement and Planning Document ("ENA") with the Walter J Company ("Proposer") for the joint development of Metro-owned property at the Westlake/MacArthur Park Station ("Site") for a period of six months, with an option to extend up to three additional months.
• Sponsors: Planning and Programming Committee
• Indexes: Budgeting, Central Los Angeles subregion, Exclusive Negotiation Agreement, Housing, Joint development, Joint Development Policy, Macarthur Park, Metro Equity Platform, Metro Purple Line, Metro Rail B Line, Metro Rail D Line, Metro Red Line, Outreach, Phase B (Project), Project, Redevelopment, Safety, Strategic planning, Transit Oriented Community, Transit Oriented Development, Unsolicited Proposal Policy, Westlake/Macarthur Park Station, Westside/Central Service Sector, Zoning
• Related files: 2020-0410

Meeting_Body
PLANNING AND PROGRAMMING COMMITTEE
FEBRUARY 19, 2020

Subject
SUBJECT: WESTLAKE/MACARTHUR PARK JOINT DEVELOPMENT

Action
ACTION: APPROVE RECOMMENDATION

Heading
RECOMMENDATION

Title
AUTHORIZE the Chief Executive Officer ("CEO") to execute a short-term Exclusive Negotiations Agreement and Planning Document ("ENA") with the Walter J Company ("Proposer") for the joint development of Metro-owned property at the Westlake/MacArthur Park Station ("Site") for a period of six months, with an option to extend up to three additional months.

Issue
ISSUE

Staff have completed evaluation of an Unsolicited Joint Development Proposal ("Conceptual Proposal") for development of the Metro-owned property at the Site along with adjacent property under the control of the Proposer. Staff have determined that the proposal to develop Metro's property may yield significant affordable housing, community benefits and improvements surrounding the Site, and recommends entering into a short-term ENA to further refine the proposal with additional stakeholder and community input prior to considering entering into a full-term ENA with the Proposer.
Background
BACKGROUND

On December 22, 2017, Metro received a Conceptual Proposal from the Proposer. In accordance with the Joint Development Unsolicited Proposals Policy ("JD UP Policy"), an evaluation committee made up of Metro staff from Joint Development, Operations, and Program Management reviewed the Conceptual Proposal and determined that it warranted additional consideration. After receiving CEO approval to proceed in February 2018, the Proposer was invited to submit a Phase 2 proposal ("Detailed Proposal"). After several phases of evaluation, the committee recommended advancing the proposal to the CEO. On June 14, 2019, per Federal Transit Administration requirements, Metro published its interest in the joint development of the Site for a 30-day period and ultimately recommended moving forward with the Proposer.

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