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File #: 2020-0420   
Type: Agreement Status: Passed
File created: 6/15/2020 In control: Board of Directors - Regular Board Meeting
On agenda: 8/27/2020 Final action: 8/27/2020
Title: AUTHORIZE the Chief Executive Officer to execute an amendment to an existing Exclusive Negotiation Agreement and Planning Document ("ENA") with East Los Angeles Community Corporation ("Developer") to extend the term by one year with an option to extend the term for an additional year for the joint development of Metro-owned property at the Mariachi Plaza Station.
Sponsors: Planning and Programming Committee
Indexes: Boyle Heights, City of Los Angeles, Exclusive Negotiation Agreement, Joint development, Joint Development Agreement, Mariachi Plaza Station Jd (Project), Metro Equity Platform, Outreach, Project, Property Agreement, Safety, Station 955, Strategic planning, Westside/Central Service Sector
Attachments: 1. Attachment A - Site Map, 2. Presentation
Related files: 2020-0593
Meeting_Body
PLANNING AND PROGRAMMING COMMITTEE
AUGUST 19, 2020

Subject
SUBJECT: MARIACHI PLAZA JOINT DEVELOPMENT

Action
ACTION: APPROVE RECOMMENDATION

Heading
RECOMMENDATION

Title
AUTHORIZE the Chief Executive Officer to execute an amendment to an existing Exclusive Negotiation Agreement and Planning Document ("ENA") with East Los Angeles Community Corporation ("Developer") to extend the term by one year with an option to extend the term for an additional year for the joint development of Metro-owned property at the Mariachi Plaza Station.

Issue
ISSUE

The Developer and Metro are parties to an ENA for the development of a mixed-use project on 1.45 acres of Metro-owned property at the northeast corner of E. 1st Street and N. Boyle Avenue ("Site") in the Boyle Heights community of the City of Los Angeles ("City") (see Attachment A - Site Plan). The ENA is set to expire on September 14, 2020 and an extension of the ENA term is necessary to provide the time for: (a) the Developer and Metro to consider and refine the Project's design; (b) the Developer to obtain Project entitlements and environmental clearance; (c) the Developer to lead Project-related stakeholder outreach; and (d) the parties to negotiate and finalize the key terms and conditions of a Joint Development Agreement ("JDA") and Ground Lease, subject to Metro Board of Directors' ("Board") approval.

Background
BACKGROUND

In March 2018, Metro entered into an ENA with the Developer to plan and consider the development of the Project on the Site. The proposed project includes sixty (60) units of affordable housing for families earning between 30 to 50% of the Area Median Income, approximately 6,340 sq. ft. ground floor retail, approximately 2,035 sq. ft. mariachi cultural center, community garden and associated parking ("Project").

Discussion
DISCUSSION

The Project is complex and has required extensive analysis, including in-depth and on-going review of design, cost, entitlement, opera...

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