Metro - File #: 2021-0612

• File #: 2021-0612
• Type: Agreement
• Status: Consent Calendar
• File created: 9/15/2021
• In control: Board of Directors - Regular Board Meeting
• On agenda: 3/24/2022
• Title: AUTHORIZE the Chief Executive Officer to extend the existing Exclusive Negotiation Agreement and Planning Document with NOHO Development Associates, LLC, a Delaware limited liability company for the North Hollywood Joint Development Project for an additional 12 months beyond June 2022, with an option to extend another 12 months to June 2024.
• Sponsors: Planning and Programming Committee
• Indexes: Agreements, Budgeting, Bus rapid transit, California Environmental Quality Act, Central Los Angeles subregion, City of Los Angeles, Environmental Impact Report, Exclusive Negotiation Agreement, Housing, Joint development, Joint Development Agreement, Measure M, Metro Busway G Line, Metro Rail B Line, North Hollywood, North Hollywood Station, Outreach, Plan, Project, San Fernando Valley subregion, South Bay Cities subregion, Transit buses, Transit centers, Transit Oriented Community, Westside Cities subregion
• Related files: 2022-0270

Date	Action By	Action	Result
3/24/2022	Board of Directors - Regular Board Meeting
3/16/2022	Planning and Programming Committee

Meeting_Body
PLANNING AND PROGRAMMING COMMITTEE
MARCH 16, 2022

Subject
SUBJECT: NORTH HOLLYWOOD JOINT DEVELOPMENT

Action
ACTION: APPROVE RECOMMENDATION

Heading
RECOMMENDATION
Title
AUTHORIZE the Chief Executive Officer to extend the existing Exclusive Negotiation Agreement and Planning Document with NOHO Development Associates, LLC, a Delaware limited liability company for the North Hollywood Joint Development Project for an additional 12 months beyond June 2022, with an option to extend another 12 months to June 2024.

Issue
ISSUE

Staff recommends the extension of the existing Exclusive Negotiation Agreement and Planning Document (ENA) to facilitate completion of the project entitlements, environmental review, and clearance of the Project under the California Environmental Quality Act (CEQA), and upon satisfaction of CEQA requirements, negotiation of Project transaction documents.
Background
BACKGROUND

The North Hollywood Station (Station) is a regional, multi-modal transportation hub that includes the terminuses of the Metro B Line (Red) and G Line (Orange), two bus layover facilities, and a Metro park-and-ride lot. Adjacent to/surrounding the Station, Metro owns an approximately 15-acre site comprised of four parcels, one easterly and three westerly of Lankershim Boulevard (Site). The Site has arterial and freeway access and extensive public transportation access.

Following a competitive solicitation in 2016 for the joint development of the Site and execution of an ENA thereby in 2017 (as amended and extended in May 2019, December 2019, and June 2021), NOHO Development Associates, LLC, a Delaware limited liability company (Developer) and Metro staff have worked together closely and diligently over the past five years to advance the Project to entitlements and CEQA clearance. The Project design includes a consolidated transit center with 29 bus bays, a new portal into the B Line station, and additional transit amenities. The development progr...