cra
TRANSCRIPT
eRA/LABUILDING COMMUNITIES
DATE I JAN14 2011
Community Redevelopment Agencyof the CITY OF lOS ANGELES
FILE CODE I
REVISEDRE AS UNDERLINED INRECOMMENDATIONS SECTION
T 213 977 1600/ F 213 977 1665www.crala.org
1200 West 7th Street / Suite 500Los Angeles I California 90017-2381
CRA File No. '131.2..Council District: VariousContact Person: Dalila T. Sotelo
(213) 977-1636
Honorable Council of the City of Los AngelesJohn Ferraro Council Chamber200 N. Spring StreetRoom 340, City HallLos Angeles, CA. 90012
Attention: Sharon Gin, Office of the City Clerk
COUNCIL TRANSMITTAL:Transmitted herewith, is a Board Memorandum adopted by the Agency Board on January 14,2011 City Council review and approval in accordance with the "Community RedevelopmentAgency Oversight Ordinance" entitled:
VARIOUS ACTIONS RELATED TO:COOPERATION AGREEMENT WITH CITY OF LOS ANGELES FOR PAYMENT OFAPPROXIMATELY $930,000,000 FOR COSTS ASSOCIATED WITH CERTAINCRA/LA FUNDED CAPITAL IMPROVEMENT, PUBLIC IMPROVEMENT ANDAFFORDABLE HOUSING PROJECTS LOCATED WITHIN THE CURRENTLYDESIGNATED 31 REDEVELOPMENT PROJECT AREAS
RECOMMENDATIONThat City Council approves recommendations on the attached Board Memorandum.
ENVIRONMENTAL REVIEWGiven the nature of the recommended action (entering into a cooperative agreement forpayments of the cost associated with potential future redevelopment activities), conductinganalysis under the California Environrnental Quality Act (CEQA) is prernature at this time andis not currently required. It should be noted that anticipated developrnents within each of theCRA/LA's existing 31 redeveloprnent project areas were evaluated as part of theredevelopment plan adoption process, pursuant to the provisions of CEQA. In addition, eachindividual capital improvement, public improvement or affordable housing project/activity listedin this memorandum has already been or will be reviewed separately in full compliance withthe requirements of CEQA prior to project approval and/or implementation, unless exemptedunder CEQA.
FISCAL IMPACT STATEMENTThere is no fiscal impact to the City's General Fund, as a result of this action.
Chh"C1rJ:sL E,""ti" Offi,",
eRA/LABuilding communities
Page 2Transmittal
cc: Sharon Gin, Office of the City Clerk (Original & 3 Copies on 3-hole punch)Lisa Johnson Smith, Office of the CAOIvania Sobalvarro, Office of the CLASteve Ongele, Office of the MayorNoreen Vincent, City Attorney's Office
THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF LOS ANGELES, CALIFORNIA
MEMORANDUM
REVISEDRE AS UNDERLINED INRECOMMENDATIONS SECTION
VARIOUS
DATE: JANUARY 14, 2011
CRA/LA BOARD OF COMMISSIONERS
CHRISTINE ESSEL, CHIEF EXECUTIVE OFFICER
DALILA SOTELO, DEPUTY CHIEF OF OPERATIONS
COOPERATION AGREEMENT WITH CITY OF LOS ANGELES FOR PAYMENTOF APPROXIMATELY $930.000,000 FOR COSTS ASSOCIATED WITH CERTAINCRA/LA FUNDED CAPITAL IMPROVEMENT, PUBLIC IMPROVEMENT ANDAFFORDABLE HOUSING PROJECTS LOCATED WITHIN THE CURRENTLYDESIGNATED 31 REDEVELOPMENT PROJECT AREAS.
TO:
FROM:
STAFF:
SUBJECT:
RECOMMENDATIONS
That the CRA/LA Board of Commissioners, subject to City Council review and approval:
1. Authorize the Chief Executive Officer (CEO) or designee to negotiate and enter into aCooperation Agreement (Agreement) in an amount up to $930.000.000 with the City of LosAngeles (the City) for the implementation of capital and public improvements, affordablehousing and other redevelopment projects (including program delivery costs) in the currentlydesignated CRA/LA redevelopment project areas, subject to the review and approval of theCity Attorney;
2. Request that the City Council adopt a Resolution or Resolutions under the California Healthand Safety Code Sections 33421.1 and 33445 finding that the use of CRA/LA funds to pay forthe construction of certain capital and public improvements are of benefit to the affectedProject Areas by eliminating blight within the Project Area and that the construction of saidimprovements is consistent with the Redevelopment Plan and the Five-Year ImplementationPlan for each Project Area and effectuates the relevant Redevelopment Plan;
3. Instruct the Chief Executive Officer (CEO) or designee to increase the amount of the availableunder the Agreement by 5% ($45 million) or $930.000.000 in order to ensure that the workprogram of all Regions and corresponding project areas are reflected in the list of projects(Attachment A); and,
4. Instruct Chief Executive Officer (CEO) to negotiate within the Cooperation Agreement thedesignation of a Successor Entity to implement the work program on behalf of the City uponthe conclusion of CRA/LA's statutory authority; and. that such Entity be either a non-profitorganization or development corporation approved by the City Council and managed by theCEO. Chris Esse!.with support from designated members of her management team and staff.
COOPERATION AGREEMENT WITH THE CITY OF LOS ANGELES 2
SUMMARY
Under the Agreement, CRA/LA will enter into a contract with the City providing that, among otherthings, the City will perform certain eligible activities on behalf of the CRA/LA including installation ofpublicly-owned capital improvements, public improvements, the creation and preservation ofaffordable housing projects and other redevelopment projects located throughout the 31 adoptedRedevelopment Project Areas. The contemplated activities are beyond those normally provided bythe City and are specifically intended to assist CRA/LA in addressing the removal of blight andprevention of the recurrence of blight. The obligation to pay tax increment, as set forth in theAgreement, shall constitute an indebtedness of the CRA/LA for the purpose of carrying out theRedevelopment Plans for each of the affected project areas.
DISCUSSION AND BACKGROUND
CRA/LA has adopted Five-Year Implementation Plans which establish goals to support economicdevelopment, commercial, community and institutional revitalization as well as the creation andpreservation of affordable housing. To implement the programs, activities and projects associated witheach goal, CRA/LA had made redevelopment fund commitments based on estimated available taxincrement revenue and debt financing structures.
Currently, CRA/LA is actively involved in the development of various projects that have been identifiedin the 31 Five-year Implementation Plans. Many of the identified projects will accelerate the economicrecovery of the City as well as ensure the creation of locally based, quality jobs. The projects arelisted in Attachment A.
In the current budget environment, CRA/LA's ability to carry out these objectives may be limited.Historically, CRA/LA has successfully partnered with the City to effectuate a work program. Pursuantto the California Redevelopment Law, Health & Safety Code Section 33220, certain public bodies,including the City may aid and cooperate in the planning, undertaking, construction and operation ofredevelopment projects. Building on this success, CRA/LA desires assistance and cooperation in theimplementation and completion of these activities (Attachment A). By entering into the Agreement,CRA/LA will pledge the unencumbered resources in the current FY2010-11 Budget, and the Net TaxIncrement (defined as gross tax increment, less County Administrative Fees, statutory pass-throughsand debt service) from FY2011-12 through FY2015-16. The purpose of this Agreement is to facilitatethe implementation of the activities listed in Attachment A pursuant to the terms and conditionsoutlined in the Agreement.
SOURCE OF FUNDS
Tax Increment, Bond Proceeds, Low and Moderate Income Housing Funds, City AB1290 Funds, CityAffordable Housing Trust Funds and CRA/LA Special Revenue
PROGRAM AND BUDGET IMPACT
This action is consistent with the Council approved current FY2010-11 Budget and Work Program,and will ensure continued implementation of the various eligible redevelopment activities andprograms. Each of the redevelopment programs and activities are more fully described in the projectarea's respective Five-Year Implementation Plans, each of which been previously approved by theCRA/LA Board of Commissioners following a duly-notice public hearing. The action will contractuallycommit available resources ($344,400,000) and projected Net Tax Increment from each of the active
COOPERATION AGREEMENT WITH THE CITY OF LOS ANGELES 3
redevelopment projects areas from FY2011-12 through FY2015-16 ($540,600,000) to the extent thatsuch funds are realized and available. There is no adverse impact on the City's General Fund as aresult of this action; funds will flow to the City to implement the Agreement.
ENVIRONMENTAL REVIEW
Given the nature of the recommended action (entering into a cooperative agreement for payments ofcost associated with potential future redevelopment activities), conducting analysis under theCalifornia Environmental Quality Act (CEQA) is premature at this time and is not currently required. Itshould be noted that anticipated developments within each of the CRA/LA's existing 31redevelopment project areas were evaluated as part of the redevelopment plan adoption process,pursuant to the provisions of CEQA. In addition, each individual capital improvement, publicimprovement or affordable housing project/activity listed in this memorandum has already been or willbe reviewed separately in full compliance with the requirements of CEQA prior to project approvaland/or implementation, unless exempted under CEQA.
Christine EsselChief Executive Officer
By
~~Calvin E. HollisChief Operating Officer
There is no conflict of interest known to me which exists with regard to any CRA/LA officer oremployee concerning this action.
ATTACHMENTS
Attachment A: List of Activities (including programs, projects)
ATTACHMENT A LIST OF ACTIVITIES(INCLUDING PROGRAMS PROJECTS
I ~ ~ ~'" .=~j[ _~,,~0~;~"=- . . ~~~, Project ~
Region Project Area Project NameCategory
Description eRA/LA InvestmentI ~~ . ~~~ ~ ~ ~ ~~ .- ~~ ~~"'" ~ __=~~~~ ~___c: ~
Downtown Bunker Hill Bunker Hill Close Out AdministrationVarious activities related to close-out of $250,000project area.
Area Wide Public Public Various public improvements in the projectDowntown Bunker Hill
Improvements Improvementarea, including public art, street tree $1,500,000replacement, and sidewalk repairs.
BusinessLast remaining parcel in California Plaza, to
Downtown Bunker Hill Parcel Y~1Assistance
be developed with office, commercial, housing $5,000,000andlor cultural uses.
Development of 120,00 sf museum and
Public parking facility to house the Broad Collection.Downtown Bunker Hill Broad Art Museum
ImprovementProject includes ancillary uses such as $35,000,000storage and conservation areas and offices,Museum endowment to be $200 million.
Three phased mixed use development ofparcels owned by eRA/LA and LA County to
Downtown Bunker Hilt Grand Avenue Commercialinclude 5 start hotel, commercial space, and $50,000,000streetscape improvements. Catalytic mixeduse project, area beautification, constructionlocal hire, increased supply of housing stock.
Central Santa Fe Street Public Public Public improvements on Santa Fe between 41hDowntown
Industrial Improvements (Lucky Improvement and 61h Streets.$500,000
I•••• ,
DowntownCentral
One Santa Fe HousingMixed~use development on site leased from
$4,000,000Industrial MTA at Santa Fe between 1s1 and 4th Streets,
DowntownCentral
Artists' Housing Project HousingPartner with Art Space to create housing for $5,000,000
Industrial artists
DowntownCentral
Artists' ParkPublic Create open space on Matteo Street in park- $5,000,000
Industrial tmorovement Inoor Artists District
DowntownCentral
Downtown RiverwalkPublic z-Acre riverfront park serving Arts District $5,000,000
Industrial Improvement
Central Industrial IncentiveProvide financial assistance to industrial
DowntownIndustrial Program
Industrial companies that are relocating, expanding, or $5,000,000"greening" their operations or facilities,
Provide annual funding for programming,
DowntownCentral
SRO Housing Housing operations, maintenance services and $5,000,000Industrial administration of emergency, transitional and
Inermanent suooortlve houslnu.Incubator located in the LADWP Innovation
CentralCampus will provide flex office space, shared
DowntownIndustrial
CleanTech Incubator Industrial workshop and testing facilities, and business $6,000,000and administrative support for cleantech start-uu comcanles.
Land Acquisition, Public Improvement and
DowntownCentral CleanTech Manufacturing
IndustrialInfrastructure for Twenty acre, CRA/LA-owned $20,000,000
Industrial Center opportunity site for clean industrialdevelopment.
Urgently-needed public improvements along
DowntownCentral Alameda Street Goods Public the key industrial distribution roadway $30,000,000Industrial Movement Improve. Improvement (Alameda from 1st S1. to the SM Freeway) in
Central Los Anoetes.
Downtown ChinatownOrdlYale Pedestrian Public Creation of stairway park that finks residential $1,650,000Linkages Improvement community to the civic community,
Page 1 of 19
ATTACHMENT A LIST OF ACTIVITIES(INCLUDING PROGRAMS, PROJECTS)
c - - - - -- ProjectRegion Project Area Project Name
CategoryDescription eRA/LA Investment
,~ ~- - - - ~- "~<-~"""~~- - - ~ - ,-- -
Various public improvements related to
Downtown ChinatownChinatown Cultural Capital Public making Chinatown a world-class capital, $2,700,000Implementation Plan Improvement including historic and cultural education, art
exhibitions, and public events.
Mixed-use development adjacent toChinatown Gold Line Station. Includes
Downtown Chinatown Blossom Plaza Commercial affordable rental units, commercial space, an $4,200,000outdoor cultural performance plaza, and
ublic narklno ad a bike station.
59~unjt affordable housing for larqe-famllies,Downtown Chinatown Yale Street Apartments Housing including a social services enrichment $4,200,000
program facility.
On~going program to provide facade
Downtown ChinatownBusiness Incentive
Commercialimprovement grants and matching $6,000,000
Programs rehabilitation loans for commercialbusinesses.
Public-private partnership to increase theusable green space in Downtown LA. The
Downtown Open Space Public plan will explore innovative design solutionsDowntown City Center
Plan Improvement and financing methods, identify opportunity $150,000sites, recommend policy and organizationalchanges, and provide an implementation
Ian.Initiative to address concentrated poverty in
Central City East/Affordable Central City East, providing a balancedDowntown City Center
HousingHousing community, stability and upward mobility. $500,000
Includes coordinated policy vision and actionIan.
Downtown City Center Downtown Women's Center HousingRehabilitation of an existing housing project to $1,000,000extend covenants and improve units
Affordable Housing Project as new unitsDowntown City Center Star Apartments Housing above commercial structure at 240 E. 6th $1,000,000
Street
Downtown City Center Olympic Grand Linear ParkPublic
Develop park project in South park $1,500,000Imorovement
Downtown Market Study & BusinessEconomic development and land use study to
Downtown City CenterImplementation Strategy Assistance
inform update of the Central City Community $1,700,000Plan.
Downtown City Center Gateway Apartments HousingAffordable housing project (perm supportive $2,000,000houstno) with SRO housina
Business IncentiveOn-going program to provide facade
Downtown City Center Program (Historic Core andBusiness improvement grants and matching $3,000,000Assistance rehabilitation loans for commercial
Fashion District)businesses.
Downtown City Center Case Hotel HousingDormitory for Jobs Corps to be reconfigured $3,000,000as senior housing for SRO Housing tenants
Downtown City Center New Pershing apartments Housing Affordable housing project $3,000,000
Downtown City Center Panama Hotel HousingConverting emergency housing into $3,000,000permanent houslnc
Venice Hope Housing Public work with Mercy Housing and CaliforniaDowntown City Center
Project ImprovementHospital to develop senior housing and $3,000,000outoatlent services
Downtown City CenterYMCA Jobs Corps (Phase
Housing Housing for graduates of the program $3,000,000II'
Page 2 of 19
ATTACHMENT A LIST OF ACTIVITIES
, ~ ~ " ~ , '"' , " " -~~~~- ~ , ~" " ~"'
Region Project Area Rroject NameProject
Description eRA/LA InvestmentCategory" , , , " , " , , ~~~-~ , ~--" , ~ , " -~ - ~ , , " , , " " , ~ "
d _ ~~ ~
Publlc-prlvate partnership and 1O-year plan torevitalize the historic Broadway corridorbetween 2nd Street and Olympic Blvd.
Downtown City Center Bringing Back Broadway Public Initiative includes historic preservation, $5,000,000Improvement economic development, urban planning and
design, transportation modes, parking, theatreprogramming, marketing, capital finance and
'nnUdA<
Downtown City Center Huntington Hotel HousingExtensive rehabilitation of existing residential $6,000,000hotel as affordable housing.
Acquisition of vacant hotel and adjacentDowntown City Center Morrison Hotel Housing properties for redevelopment as affordable $7,000,000
artist housing and commercial use.
Downtown City Center Rehabilitation of SRO HousingProvide rehab funds for housing units and $9,000,000
Heuemc Units extend covenants
PublicPublic/private partnership to create a
Downtown City Center Downtown StreetcarImprovement
streetcar connecting the Broadway Corridor to $10,000,000LA Live and the Grand Avenue Project.
Downtown City Center Fashion DistrictCommercial
Assist in private development of City Markets $15,000,000Develcnment Sites Site and LAUSD site
Housing required for $30 million grant forstreetscape improvements to Figueroa, 11 th,
Figueroa Corridor Prop. 1C Affordable Washington, and Martin Luther King Jr. Blvd.Downtown City Center
Grant Housing Includes redesign and reconstruction of $18,000,000Gilbert Lindsay Park, Exposition Park SportsField, and 110 Freeway cap park feasibility
1<1"",,Development of food access program
Councilincluding: active food basket program
Downtown District 9 Food Access Program Commercialpromoting produce from local farmers; $80,000
Corridorstransportation support to and from localmarkets, including modifications to busesserving the area and increase shuttle services
Acquisition and development of a pocket partCouncil
Nevin Elementary Pocket Public on an industrial property adjacent to a publicDowntown District 9
Park Improvement elementary school. The majority of funds will $150,000Corridors be provided through a Proposition 84 grant
from the State of CaliforniaCouncil
PublicRehablfltatlon of the historic Ralph Bunch
Downtown District 9 Ralph Bunche HouseImprovement House, located at 1221 E. 40th Place, for use $250,000
Corridors as a community resource center.Continued support of the Central Avenue
Council Business Association (CABA). to provide a
Downtown District 9 Central Avenue BUsinessCommercial
forum for the business community on Central $400,000Corridors
Association Avenue, promote business activity throughmarketing efforts, and encourage smallbusiness develcnment.
Council Funding to increase commercial catering
Downtown District 9 Mercado La Paloma Commercial kitchen capacity, develop new spaces for $400,000Corridors
restaurant and cafe options as well as a greenrocer.
CRA/LA is working with the Trust for PublicCouncil
PublicLand (TPL) and formulate an innovative plan
Downtown District 9 Avalon Green AlleysImprovement to create pedestrian friendly and park-like $500,000
Corridors improvements to alleys in Southeast LosAnueles.
Page 3 of 19
ATIACHMENT A LIST OF ACTIVITIES(INCLUDING PROGRAMS, PROJECTS)
c~ "" ~ ~
'0" ~ "" ~'r~~~-~ - ~;;~, Region Project Area Project NameProject
Description ORA/LA Investment,c Category ," ~ - "
~ ~ , "" " " ~ " " " "' " ~ ~,-~-~"'~-~~ " "Design and construct street improvementsalong Slauson Avenue at key intersectionsfrom the 110 Freeway to Alameda Street inorder to improve the flow of commerce to andfrom the surrounding industrial area as it
Council heads to the Port of Los Angeles, LAX and
Downtown District 9Slauson Avenue Goods Public Downtown Los Angeles. The improvements $500,000
CorridorsMovement Improvement will also improve mobility for bus, car and
pedestrian traffic. Improvements includeimproved siqnaqe for truck routes, additionalturn lanes, streetscape and sidewalkimprovements, new bus shelters, improvecrosswalks at intersections, and increased. "",Development of 34 affordable senior
Council apartments by Meta Housing, located at 7621
Downtown District 9 Figueroa Apartments Housing S. Figueroa Street. The project will include $600,000Corridors community rooms, a community garden,
computer room, barbecue area, and on-sitet offtce
Calko Steel is an existing steel fabricationcompany seeking to expand their business bydeveloping a new 48,500 square footmanufacturing facility at 6900 StanfordAvenue, a vacant property adjacent to their
Councilcurrent location in the Goodyear Industrial
Downtown District 9 Calko Steel Expansion IndustrialTract. CRA/LA is facilitating the remediation of $1,210,000
Corridorscontaminated property and sale from theexisting owner to Calko Steel through aPurchase and Sale Agreement and OwnerParticipation Agreement. At least 51% of the47 living wage jobs provided on site will bemade available to low- and moderate-incomeresidents in the surrounding area.
Rehabilitation of historic Dunbar Hotel andCouncil
Dunbar Village (Dunbaradjacent Somerville! and II properties to
Downtown District 9 Housing provide affordable housing for low-income $2,100,000Corridors
Hotel and Somerville 1/11)seniors and families, and contribute to therevitalization of Central Ave.
Opportunities to invest in public infrastructureCouncil Alameda Corridor
Public and strategic partnerships with privateDowntown District 9 Expansion and
Improvement investment in order to assist in development $2,500,000Corridors Rehabilitation new businesses and expanding existing
businesses.
CouncilImplementation of a ccmrnunity-drlven master
Downtown District 9 Washington Blvd. Public streetscape plan for Washington Boulevard $2,800,000Corridors Streetscape Improvement between Figueroa Street on the west and
Alameda Street on the east.Council Public Redesign and expansion of existing Central
Downtown District 9 Central Avenue Jazz ParkImprovement Avenue Jazz Park, located at 42nd and $2,900,000
Corridors Central.
CouncilPublic
Clean up graffiti and sidewalk cleaning alongDowntown District 9 Clean and Safe Program
ImprovementCentral Avenue, Vermont and Washington, $3,000,000
Corridors bulky item pick up throughout project area
Rehabilitation of the historic Angelus FuneralHome by the Community Enhancement
CouncilPublic Corporation. The completed project will
Downtown District 9 Paul R. Williams CenterImprovement include a child-care center and health clinic $3,000,000
Corridors serving low-income families from thesurrounding community. Total developmentslcost •• ,. ~11 7 million
Page 4 of 19
ATTACHMENT A LIST OF ACTIVITIES(INCLUDING PROGRAMS, PROJECTS), - - - - - - " - " -;, ""'~
s ProjectRegion Project Area Project Name Category Description eRA/LA Investment
_ , ~" --- - - " ~---- " - - - , " ~~~-~ , ~~--~~~-~- , -- " , , ,
Council Vermont Avenue 48~units of affordable housing targetingDowntown District 9 Apartments Housing grandparents that are primary caregivers for $3,000,000
Corridors their orandchildren.
Located on Central Avenue between 35thStreet and Martin Luther King Jr. Boulevard,
Council will consist of 70 units of affordable rentalDowntown District 9 Florence Mills Housing Housing housing for families, with ground floor retail. $3,300,000
Corridors The project will include subterranean parking,laundry, community room, open space,secured entry, and a play area.
CouncilInvestment in infrastructure to enhance goods
Downtown District 9 Goodyear Tract Public movement in and around the industrial tract $4,000,000Corridors
Improvements Improvement and road improvements to address floodingand other barriers to development.
Council On-going program to provide facade
Downtown District 9 Business IncentiveCommercial improvement grants and matching $5,000,000
Corridors Program rehabilitation loans for commercialbusinesses.
Council Development of a 76,300 square foot retail
Downtown District 9 Slauson Central RetailCommercial center, including a Northgate Gonzalez $6,500,000
CorridorsCenter supermarket, CVS pharmacy, and a job
traininn facllitv.
Master streets cape improvement plan toCouncil
Publicimprove walkability, connect the community,
Downtown District 9 Central Avenue StreetscapeImprovement
and lncentlvlze redevelopment of vacant and $8,000,000Corridors underutillzed properties along Central Ave.
between Washington Blvd. and Slauson Ave.
Multi-phased project by Urban HousingCouncil Communities to transform 29th Street between
Downtown District 9 29th Street Crossings Housing San Pedro and Griffith Avenue from industrial $9,000,000Corridors uses to affordable housing and support
[services for area residents.Reconfiguration of 1.5 miles of VermontAvenue between Gage Avenue and
CouncilPublic Manchester Boulevard to create a eo-toot
Downtown District 9 Vermont Median ParkImprovement wide linear park in the median. This project $9,000,000
Corridors will provide ta-ecree of usable park space inone of the most park-poor areas in the City ofr os ~,
CouncilWashington Blvd Housing
Multi-phased mixed-use affordable housing,Downtown District 9 Housing including 262 units and 19,00 square feet of $10,130,000
Corridors (Phases 1-4) retail on Washington Boulevard between LosAngeles Street and Maple Avenue.Support continued development of theDowntown LA Auto District through: public
Council improvements; way-finding and appropriateDowntown District 9 Downtown LA Auto District Commercial off-site signage; identification of opportunity $12,000,000
Corridors sites; coordination, outreach and assistanceto potential new dealerships; and identificationI,ho,o"_ narkinc facltltles.
Council Implementation of master streetscape plan for
Downtown District 9 Central Avenue Streetscape Public Central Avenue between Washington $15,300,000Corridors
and Utility Underground Improvement Boulevard on the north and Slauson Avenueon the south.
Page 5 of 19
ATTACHMENT A LIST OF ACTIVITIES(INCLUDING PROGRAMS, PROJECTS)
",
, , , , , , , , , ,
Region Project Area Project NameProject
Description ORA/LA InvestmentGategory
", ~~ ~ » "
, " , , , , ,'"
, ,
Environmental remediation and developmentCouncil Public of a public park, affordable housing and an
Downtown District 9 Slauson Wall Project Improvementinstitutional/community use on a 7Nacre $17,000,000
Corridors industrial property, acquired by eRA/LA in2010.
CouncilHomeownership
Development of 60 units of affordableDowntown District 9
Opportunity Sites ProgramHousing ownership-housing on three eRA/LA owned $18,000,000
Corridors sites.
Downtown Little Tokyo First Street Historic DistrictPublic Various projects to support preservation and $250,000Improvement historic properties along First Street.
Collaboration with MTA on the site and design
Publicof the Regional Connector Station serving
Downtown Little Tokyo Regional ConnectorImprovement
Little Tokyo in a manner that maximizes $300,000pedestrian access, development opportunitiesand minimizes commute times.
Development of community based park, open
Downtown Little Tokyo Central Avenue Art ParkPublic space, arts related spaces, potential public $1,000,000Improvement parking and linkage to Uttle Tokyo Gold Line
Station.
Design and installation of various publicimprovements and sustainable features along
Area wide Public Public a 3rd Street between Alameda and LosDowntown little Tokyo
Improvements Improvement Angeles. Improvements include crosswalks, $1,500,000lighting, landscaping, street furniture, fitnesselements, gateway markers, and informationand way-findlnq signage.
Design and installation of various publicimprovements and sustainable features along
Third Street Public Public a 3rd Street between Alameda and LosDowntown Little Tokyo
Improvements Improvement Angeles. Improvements include crosswalks, $3,000,000lighting, landscaping, street furniture, fitnesselements, gateway markers, and informationand way-finding siqnaqe.
Downtown Little Tokyo Avalon Bay HousingMixed-use development with retail and public $5,500,000narkino.
Downtown Little Tokyo Block 8 (Related HousingMixed-use development with retail and public $5,900,000
Comnanies] arkina,Council Paradise Baptist/Urban
Development of 64 units of affordable familyDowntown District 9 Housing housing and a potential charter school at $500,000
CorridorsVision
5000 South Broadwav.
Laurel CanyonAmendment of the Laurel Canyon
East Valleylaurel
Redevelopment and Merger Plans & StudiesRedevelopment Plan to include expansion of $629,000
Canyon project area boundaries and potential mergerwith North Hollywood with the North Hollywood Project Area.
Page 6 of 19
ATTACHMENT A LIST OF ACTIVITIES(INCLUDING PROGRAMS, PROJECTS)- ~ - ~ ~ ~ ~
Region Project Area Project NameProject
Description eRA/LA InvestmentCategory, - ~ ~ "'" ~~ ~ ~ - ~~~ ~ -"~ ~ - ~- " "' ~-~
Laurel Valley Plaza ShoppingRedevelopment of the zz-acre shopping
East Valley Commercial center located at the intersection of Laurel $1,600,000Canyon Center Canyon and Victorv Boulevards.
Provides grants and forgivable loans to
East ValleyLaurel Laurel Canyon Business Business business owners and tenants to attract new
$4,500,000Canyon Assistance Program (BAP) Assistance business into the Project Area and retain
existing businesses and jobs.
Rehabilitation of up to 20 storefronts
Laurel Laurel Canyon CommercialBusiness
including signage and landscaping on theEast Valley
CanyonFagade and Signage
Assistanceeast side of Laurel Canyon Boulevard $4,500,000
Program between Victory Boulevard and Burbank
Provide funding in an amount not to exceed
East ValleyNorth Response to Development
Housing$95,000 to the North Hollywood YMCA for $100,000
Hollywood Opportunity construction of roof and rehabilitation of othercornoonents.
North NoHo Arts RetentionPrequalification of cultural and arts
East ValleyHollywood Program
Plans & Studies organizations to receive funding for physical $500,000improvements and for expansion/retention.
Provides grants and forgivable loans to
East ValleyNorth North Hollywood Business Business business owners and tenants to attract new
$1,900,000Hollywood Assistance Program (BAP) Assistance business into the Project Area and retain
existtnq businesses and jobs.
NorthCommercial Facade and
BusinessRehabilitation of 16 storefronts on Magnolia
East ValleyHollywood
Signage Program -Assistance
Boulevard between Lankershim Boulevard $2,200,000Magnolia Boulevard and Vineland Avenue.
Development of a 1o-unrt affordable
Northhomeownership project located on a half-acre
East ValleyHollywood
Elmer Family Housing Housing eRA/LA owned site at 5623-5633 Elmer $3,100,000Avenue- to be developed by Heritage HousingPartners (non-profit housing developer).
Development of a 126 unit senior residential
East Valley NorthNoHo Senior Artists Colony Housing
project including 27 very low-income units$6,600,000
Hollywood located at 11047 Magnolia Boulevard- to bedeveloped by Meta Housing Corp.
Pacoima!Public
streetscape along major corridor includingEast Valley Panorama Pacoima Streetscape
Improvementsidewalks, street furniture and decorative $350,000
City crosswalksPacoima!
East Valley Home Ownership: Provides soft second loans up toEast Valley Panorama Housing $75,000 for approximately 26 income qualified $428,000
CitvOwnership Program "HOP" buvers
Pacoima!The Crossings at North Rental: 37-unit affordable multi-family housing
East Valley Panorama Housing $500,000Citv
Hills (UHC) on Sepulveda Boulevard near Tupper Street.
Pacoima! CommunityEast Valley Panorama Jeopardy Building Rebabilitation of existing facility $600,000
CityFacility
Page 7 of 19
ATTACHMENT A LIST OF ACTIVITIES(INCLUDING PROGRAMS, PROJECTS)
East Valley EI Dorado Park development of park facilities $750,000
Business assistance package for Tee toPacoima! Trammell Crow Company
Business attract two prospective users to the SunEast Valley Panorama (Tee) Business Outreach I
Assistance Valley Commerce Center Site located at the $750,000City Assistance corner of Branford Street and San Fernando
Road.
The BAP provides loans with debt forgiveness
Pacoima! up to $249,000 for commercial property
East Valley PanoramaEast Valley Business Business owners and up to $75,000 for commercial $845,900
CityAssistance Program (SAP) Assistance tenants for use to attract expand and retain
commercial businesses located within an EVRProject Area.
Pacoima I BUsiness Development I Participation in Business Development!
East Valley Panorama Economic Assistance Business Economic Assistance Forums in the San $875,000Assistance Fernando Valley, representing the East Valley
City ForumsRegion (NH, LC ,PC)
Pacoima! Anthony International (AI) Business Coordination and implementation of EVREast Valley Panorama BUsiness Retention Assistance BUsiness Assistance package for AI.
$1,000,000Ci
Pacoima! La Coruna Senior Rental: 86~unit affordable senior housing onEast Valley Panorama Housing $2,000,000
CityApartments (META) Sepulveda Boulevard near Lanark Street.
Pacoima! Rental: 56~unit affordable senior housingEast Valley Panorama Tobias Terrace (META) Housing bounded by Tobias Avenue, Tupper Street, $2,500,000
City and Van Nuys Boulevard.
New public facility located at 13520 West VanNuys Boulevard in Pacoima (home to Council
Pacoima!District 7 offices, other City services and a
East Valley PanoramaCD7 Constituent Services Community 2,200 square foot commercial space). Assist $3,000,000Center Facility City of LA General Services Department
City(GSD) develop business assistancepackage(s) for one prospective ground floorretail/food services tenant
East Valley Sylmar Court Housing affordable housing development $3,000,000
East ValleyPierce Street Villas
HousingOwnership: 24~unit affordable single family $3,360,000
(HABITAT) housing near Carl Street and Borden Avenue.
East Valley Foothill Osborne Housing affordable housing development $3,500,000
East ValleyMontecito Terraces
HousingRental: 96-unit affordable senior housing on $3,800,000
(AMCAL) Sepulveda Boulevard near Tupper Street
The liP provides up to $100,000 in grants andup to $250,000 in conditional loans to provide
Pacoima IIndustrial Incentive assistance to Industrial businesses seeking to
East Valley PanoramaProgram (liP)
Industrial locate, expand or green their operations in $5,000,000City connection with the rehabilitation or
development of industrial properties inC LPlans and programs designed to facilitate arts
EastsideAdelante First Street Arts District
Industrial related uses and institutions to serve as $100,000Eastside Plan anchors for newly evolving arts district around
three Metro Gold Line stations.
Page 8 of 19
ATTACHMENT A LIST OF ACTIVITIES(INCLUDING PROGRAMS, PROJECTS)
", , , , ~""~~ ~,
Region Project Area Rroject NameProject
Description eRA/LA InvestmentCategory ,
, , , , , , ,~ -- ~§ ~--~
, , ~, ,
Ade/ante 1st and Mission Design for Public1n-acre development opportunity site located
Eastside across the street from the First and Utah $170,000Eastside Development Improvement
Metro Gold Une stationImplementation plan for infrastructure
Eastside AdelanteBiomed Focus Area
Public necessary to redevelopment Biomed Focus $450,000Eastside Improvement area, including transportation, public and
rivate utilities.
Adelante Clean-up of one-acre eRA/LA-owned parcelEastside Eastside ACTA Site Soils Industrial in preparation of property for industrial $1,000,000
Adelante PublicDevelopment of new mixed-use artist housing
EastsideEastside
First and BoyleImprovement
across the street from Metro Gold Line $2,000,000Mariachi Station.
EastsideAdelante
Whittier Apartments Industrial so-urate of affordable housing. $2,000,000Eastside
AdelanteRehabilitation of historic hotel as B'l-units of
EastsideEastside
Historic Boyle Hotel Housing affordable housing and ground floor $3,000,000commercial use.
Improvements to property along First Street
Adelante Commercial Incentiveand Cesar Chavez Avenue commercial
EastsideEastside Program
Housing corridor in support of First Streets Arts District $5,000,000Plan and Cesar Chaves Avenue streetecapeand Pedestrian Enhancements initiative.
EastsideAdelante
Linda Vista Industrial 200 units affordable housing $8,000,000Eastside
Cesar Chavez StreetscapePublic improvements and utility
EastsideAdelante
and Utilltle. Industrialundergrounding along Cesar Chavez from $10,000,000
EastsideUndergroundlng
Warren Street to Evergreen Avenue (1.5miles)
EastsideAde!ante
Sears Tower Housing Rehabilitation of historic department store $20,000,000Eastside
Eastside Monterey Disposition of Surplus IndustrialDisposition of CRA/LA owned parcels prior to $160,000
Hills prcnertv 'orotect area close out in 2015.Area-wide Landscaping
EastsideMonterey improvements and Industrial
Ongoing maintenance of CRA/LA owned $4,000,000Hills Maintenance of CRAlLA property,
East Implement public improvements consisting ofHollywood & Hollywood I Vermont Avenue Public
sidewalk repairs, bike racks, and design $867,000Central Beverly Streets cape Improvement
features, crosswalks and street trees.Normandie
Hollywood & Hollywood Selma Hotel Commercial Development of a tas-unn boutique hotel $500,000Central
Hollywood & PublicProvide financial assistance to industrial
Hollywood Green Retrofit Program companies that are relocating, expanding, or $50,000Central Improvement
"greening" their operations or facilities.
Hollywood &Hollywood Boulevard Retail
BusinessImplementation of a strategy to attract
Hollywood Attraction and Retention additional resources to and physically improve $125,000Central
StrategyAssistance the project area's core commercial corridor
On-going program to provide facadeHollywood &
HollywoodBUsiness Incentive Public improvement grants and matching $250,000
Central Programs Improvement rehabilitation loans for commercialbusinesses.
HoUywood&Hollywood
HCIP~Commercial HistoricImprovement
Provide financial assistance to business for $457,500Central Storefront Grant facades improvement.
Hollywood &Implement design improvements and
Hollywood Metro Bike Improvement construction of for a bicycle facility to be $465,000Central
onerated bv Blcvcle Kitchen.
Page 9 of 19
ATTACHMENT A LISTOF ACTIVITIESINCLUDING PROGRAMS PROJECTS
, '~ , ,, , , ' ' ' ~-~~~~ " ~ , , ~"
Region Project Area Project NameProject
Description CRAILA InvestmentCategory
, , ~~ ~-"'-§" ~"'--~~,', ~, ~ , ~ , , , , " " , , ~~~~~~~- -~----~~,, ~ , " , , , , ,
Hollywood & PublicImplement public improvements consisting of
Hollywood Santa Monica/Western sidewalk repairs, bike racks, and design $500,000Central Improvement features, crosswalks and street trees.
Hollywood &Hollywood Walk of Fame
Public Provide improvements on the Walk of Fame $500,000Central Improvement
Hollywood &Hollywood Pedestrian Crossroads
Public Implement public improvements consisting of $1,116,300Central Improvement sidewalk repairs, tree wells, tree planting.
Hollywood &Hollywood Open Space/Sustainable Public Public improvements on Hudson Plaza, De $1,500,000
Central Imnrovements Imorovement Lonaore/La Brea.
Hollywood & BUsinessProvide financial assistance to business to
Hollywood Improvement are relocating, expanding, or "greening" their $1,750,000Central Retention/Attraction operations.
Hollywood & CommunityRehabilitation of historic resource and
Hollywood Orchard Gables conversion to space for operation of cultural $1,910,900Central Facility program and a small business office space
Hollywood & HollywoodlWestern PublicImplement public improvements consisting of
Hollywood sidewalk repairs, bike racks, and design $2,000,000Central Streetscape Improvement
features, crosswalks and street trees.
Hollywood & Wilcox Shrader DOT Lot -Mixed-use development to provide 300 public
Hollywood Mixed Use parking spaces and 60-units of affordable $4,000,000Central Mixed-Use Development houslno
Hollywood &Development of a 128,000 square feet office
Hollywood Vine Street Tower Commercial building to serve entertainment-related $4,625,000Central
comoanlesHollywood &
Hollywood 5555 Hollywood Housing Housing120 unit affordable housing development for $4,680,000
Central seniorsHollywood &
Hollywood Villas at Gower Housing 70~units of special needs housing $6,750,000Central
Pipeline of housing projects currently being
Hollywood &underwritten; Gordon, Selma-
Hollywood Housing Projects Pending Housing Cherokee/LAUSD and Western-Carlton are $8,800,000Central
family projects and the Step-Up projects arespecial needs
Hollywood &
Hollywood & East 54-unit affordable housing development forHollywood/B Coronel Housing Project Housing $5,027,000
Centraleverly
families
NormandieHollywood & Mid-Cily Ebony Reparatory Community
capital improvements $50,000Central Corridors Theatre FacilitvHollywood & Mid-Cily
NHPAC (Art Program)Community
capital improvements $400,000Central Corridors Facilitv
Rehabilitation of a 91-unit affordable housingHollywood & Mid,Cily
Tuelyn Terrace Housingproject with existing covenants. Phase I - $622,000
Central Corridors provide $225,000 loan for meet fire, life,safetv uuldellnes. Prepare
The Nate Holden Performing Arts Center(NHPAC) is a multi-use complex comprised ofa theatre, a rehearsal hall/stUdio, an open airlobby complete with a box office and
Hollywood & Mid,Cily Communityconcession area, and two undeveloped retail
Nate Holden Theatre areas designed by John Fisher, built by $750,000Central Corridors Facility CRA/LA, owned by GSD, operated by the
City's cultural Affairs Department, which inturn leases the space via a competitive bidprocess, Assisting the current operator,become self sufficient.
Page 10 of 19
ATTACHMENT A LIST OF ACTIVITIESINCLUDING PROGRAMS PROJECTS~~ ~~~ ~ ~ , ~ ~,
Region Project Area Project NameProject
Description eRA/LA InvestmentCategory
, ~ ~~ , ~ , ~ ~ ~ , , ~ "Hollywood & Mid,Cily
Jefferson and 5th Avenue HousingNew construction of a 40-unit family
$1,500,000Central Corridors affordable housing development.
Hollywood & Mid-Cily Matching Funds for Prop Public public improvements to facilitate affordable$1,500,000
Central Corridors 1C and MTA Can Imorovement housino develooment
A streetscape program that includes: trees,better tree wells, permeable pavers, infill open
Hollywood & Mid-Cily Prop 1C & Vision Plan Publicspace, neighborhood gateways, etc. Theprogram recommends a framework of varying $1,500,000
Central Corridors Implementation Improvementstreet tree types, street lighting and gatewaysthat complement the proposed land usedistricts.
OPA withe Charles Company to create a newHollywood & Mid-Cily
District Square Commercialtwo-story, approximately 300,000 sq ft retail
$6,500,000Central Corridors shopping center. CRA/LA Assistance $6.5
million site specific tax increment (SSTI).
The Midtown Crossings project is a 383,667square foot retail center. CIM Group owns
Hollywood & Mid-CilyMidtown Crossing Commercial
the 11.9 acre site. Phase I has been $14,322,000Centra! Corridors completed and Phase II is under construction.
Through Ihe OPA, eRA/LA has committedlsre.s million to the oroiect.
Hollywood & Pico Union 1 BUsiness Incentive BusinessOn-going program to provide facade
Central and 2 Programs Assistanceimprovement grants for commercia! $60,000businesses on Plco Boulevard.
Hollywood & Pica Union 1 Cesar Chavez Community Open Space IDesign and development of community basedopen space, including decorative gate and $90,000
Central and 2 Garden Parkswalkway.
Rehabilitation of two historic homes for theHollywood & Pico Union 1 Casas Alicia Move~on
Mixed Useoperation of an educational and construction
$100,000Central and 2 Project trade apprenticeship program on CRA/LA
owned land at 1115-1129 S. Alvarado Street.
Hollywood & Pica Union 1 Nuevo Pico Union Scattered HousingRehabilitation of four, four unit buildings $530,000
Central and 2 su•• restricted to 60% AMI.On-going program to provide facade
Hollywood & Pice Union 1 Residential IncentiveHousing improvement grants for residential property $550,000
Central and 2 Programs owners to support the preservation andhistoric nronertles in Pico Union.
Hollywood & Pica Union 1 11til & BurlingtonDemolition of existing blighted buildings and
Central and 2 ApartmentsHousing new construction of 25-units of affordable $750,000
housing.
Hollywood & Pico Union 1 Pico Boulevard Streetscape PublicDesign and installation of various public
Central and 2 Improvements Improvementimprovements including monument signs and $2,000,000gateway markers.
Determine the feasibility of a merchant orHollywood &
Westlake MacArthur Park BIDBusiness property owner based bid, and coordinate the $60,000
Central Assistance formal adoption process necessary toestablish the MacArthur Park BID.
Hollywood & 7th Street Streets cape PublicVarious public improvements along the 7th
Westlake corridor, including trash receptacles, street $75,000Central Improvements Improvement
tree replacement, and sidewalk repairs.
Page 11 0119
ATIACHMENTA LIST Of ACTIVITIESINCLUDING PROGRAMS PROJECTS
" " " " " ~~~~~~~~, "" " "" "
Region Project Area Project NameProject
Description eRA/LA Investmente " "
Category" ,~*~ " " " "" " " " " " "
Assist with the construction of the ArchbishopOscar Romero Plaza at the southeast corner
Hollywood & Monsefior Oscar Romero Open Space I of MacArthur Park. The Project consists of
CentralWestlake
Plaza Parks lnstalling a bronze statue in honor of $100,000Monsefior Romero; a spire with ascendingdoves; curved stone benches; and other
, elements
Hollywood & Business Incentive Business On-qolnq program to provide facade
CentralWestlake
Programs Assistanceimprovement grants for commercial $500,000businesses on Alvarado Street.
Development of 89 units of housing, 15,540
Hollywood & MacArthur Park Metro sq. ft. of retail space with 91 spaces of
CentralWestlake
Mixed Use DevelopmentMixed Use required residential parking, plus 100 $1,400,000
commuter parking spaces and 42 retailloarkina soaces.New construction of 68 affordable family
Hollywood &apartments, plus community room, rnultl-
CentralWestlake 7th & Coronado Apartments Housing purpose room, child-day room, laundry rooms, $3,900,000
art room, case mgt offices, landscapedcourtvard and balconies.Acquisition and rehabilitation of the historicWestlake Theater as a mixed-useentertainment venue. State of the art lightingand sound systems and a modular and
Hollywood & Westlake Theatre Mixed flexible stage system would be installed to
Centra!Westlake
Use DevelopmentMixed Use accommodate multiple event configurations. $10,000,000
The space will also include Culture Clashoffices, meeting rooms and small classroomsfor education programs. Development of a 52unit affordable housing project on an adjacent
Hollywood & Wilshire PublicCenter I Alley Conversion Program improving aUey for pedestrian safety and use $150,000
CentralKoreatown
Improvement
A consultant team will conduct audits of
Wilshireexisting buildings to create a database of a
Hollywood &Center I Carbon Master Plan/Green Business sample set of existing buildings' energy $192,000
CentralKoreatown
Building Retrofit Program Assistance usage, ways to reduce their energy usage, aswell as a financing mechanism to incentivizebuilding owners to rehabilitate their properties.
Hollywood & WilshireCenter I Eco Village Housing affordable housing development $300,000
CentralKoreatown
Hollywood & Wilshire PublicCenter I Wireless Camera System cooperation agreement with LAPD $360,000
CentralKoreatown
Improvement
Hollywood & WilshireCenter I Carolyn Serverance Manor Housing affordable housing development $740,000
CentralKoreatown
Hollywood &Wilshire
5th Street and Western PublicTransfer of $850,000 from CRA/LA to ass for
Center I the widening of s" Street and Western $850,000Central
Koreatown Avenue Street Widening ImprovementAvenue to incentlvize develooment.
Hollywood &Wilshire
6th Street Public Public streetscape along major corridor includingCenter I $850,000
CentralKoreatown Improvements Improvement trees and art work
Hollywood &Wilshire
8th Street Public Public streetscape along major corridor includingCenter I $850,000
CentralKoreatown Improvements Improvement trees and art work
Hollywood &Wilshire Western at 5th ~Street Public
Street widening at the northeast corner ofCenter I Western at 5th along the property frontage of $850,000
CentralKoreatown
Widening Improvement 450 S. Western Avenue,
Page 12 of 19
ATIACHMENTA LIST OF ACTIVITIES(INCLUDING PROGRAMS, PROJECTS~ ~~ , ~ ~~ ~ ~
Project ,
Region Project Area Project Name Category Description eRA/LA Investment~-~~--- ~ , ~ ~ ~ , ~ _h ~ __ ~ ~ ~~ __ = ~~"~
" ~ ~~~~~ ~ ,
Hollywood & Wilshire Western Avenue Public Public streetscape along major corridor includingCenter I $1,000,000Centra!Koreatown Improvements Improvement trees and art work
Hollywood &Wilshire
Open Space I CRAJLA acquired the 3,648 sq ft vacant lot forCenter I Wilton Place Park $640,000 on January 25, 2008. The $1,175,000
CentralKoreatown
Parksconstruction drawings have been completed.
Juanita Villas, a permanent supportivehousing project to be developed by PeopleAssisting the Homeless (PATH) and the
Hollywood &Wilshire Related Companies, is located at 335w339
CentralCenter I Juanita Villas Housing Juanita Avenue, Los Angeles, CA 90004. $1,500,000Koreatown Once the project is constructed, it will include
49 single room occupancy (SRO) units forhomeless, disabled, and low income
Hollywood &Wilshire Vermont Avenue Public Public streetscape along major corridor includingCenter I $2,000,000
CentralKoreatown
Improvements Improvement trees and art work
The project is being developed by theKoreatown Senior and Community Center,
Wilshire Koreatown Senior andInc. and the Korean American Federation of
Hollywood &Center I Community Center I Community Los Angeles. The CRA/LA staff anticipates
$3,000,000Central
Koreatown Madang ProjectFacility seeking authorization from the Board of
Commissioners soon to enter into a $1.3million community service grant for this seniorcitizen center in heart of Koreatown.
Hollywood &Wilshire KRC/Kingsley SeniorCenter I Housing affordable housing development $3,000,000
CentralKoreatown
Apartments
Hollywood &Wilshire affordable housing component of mixedCenter I Wilshire Gateway Housing $3,000,000
CentralKoreatown
income development
WilshireAcquisition of municipal lot 692 (sw corner of
Hollywood &Center I s'" Street and Vermont Public 6th Street and Vermont) from LA GSa for the $3,170,000
CentralKoreatown Avenue Acquisition Improvement purpose of a Korean American Museum or
Cultural "onto'
Wilshire LADOT Municipal Parking Acquisition of real property from the Dept. ofHollywood &
Center I Lot 692 (6th Avenue andCommunity General Services for the development of a $3,174,000
Central Facility new Korean American Museum, located atKoreatown Vermont) 601 South Vermont Avenue.
Hollywood & Wilshire Olympic Boulevard &Center / Housing affordable housing development $3,250,000
CentralKoreatown
Catalina Street
A 52~unit affordable housing development
Hollywood &Wilshire New Hampshire Family that will be located at 1037-1053 S. NewCenter / Housing Hampshire Avenue. The 23,640 SF lot will $3,575,000
CentralKoreatown
Apartmentsalso include approximately 3,000 SF of socialservice soace.
Hollywood &WilshireCenter / 979 Serrano Avenue Housing affordable housing development $4,000,000
CentralKoreatown
A significant streetscape project whichincludes: pedestrian Improvements atintersections, pothole/sidewalklcurb/gutter
Hollywood &Wilshire Olympic Boulevard Public
repairs, and pedestrian lighting,Center / trash/recycling bins both ends of every block, $4,000,000
CentralKoreatown
Streetscape Improvementtrees, and other elements to eliminate blight inthe public infrastructure. The thoughtfuldesign emphasizes elements prevalent withinthe Korean culture.
Hollywood &Wilshire 79 unit family affordalbe housing developmentCenter / 1011 Serrano Avenue Housing $5,000,000
CentralKoreatown
proposed by Affrimed using bounus densitiy.
Page 13 of 19
ATIACHMENTA LIST OF ACTIVITIES(INCLUDING PROGRAMS, PROJECTS~ ~ ~ ~,~" --~"<~- ~
Region Project Area Project NameProject
Description eRA/LA InvestmentCategory
- ~ - - ~ , ~~ - , ~ ~ , - - -~- ~ ~~~~---"~~ -~"-~ -~'"~~-~ -~~ "- --- ~~-Hollywood & Wilshire 6th Street and Normandie
Center I Housing affordable housing development $5,000,000Central
KoreatownMental Health Housing
Hollywood &Wilshire Scattered site, 67-unit senior affordableCenter I LOK Senior Apartments Housing $5,000,000CentralKoreatown
housing project. Board approved.
Wilshire eRA/LA Board and Council approved a $5.25Hollywood &
Center I Normandie Terrace Housing million loan for relocation of the existing $5,250,000Central tenants and the new construction of 66-unitsKoreatown of affordable housinu.
Wilshire New z-story approx 30K SF communityHollywood &
Center I YMCA Community recreational facility w/adjacent a-story parking $6,000,000Central Facility structure (w/teen center on roof of parking
Koreatownstructure) built to LEED Silver standards.
Hollywood & Wilshire Open Space / acquisition, design, construction andCenter I 7th and Hobart Park $7,000,000
CentralKoreatown
Parks maintenance of public park
Hollywood & Wilshire Open Space / 7th and Hobart - acquisition, design andCenter I Prop 84 Parks $7,000,000
CentralKoreatown
Parks development neighborhoood park
Hollywood & Wilshire Community Construction of a community facility in orderCenter I Korean American Museaum $7,500,000
CentralKoreatown
Facility to reflect the cultural diversity of community
Hollywood & Wilshire Community land acquisition and building of parkingCenter I Korean Boys & Girls Club $9,000,000
CentralKoreatown
Facility facilities
Hollywood & Wilshire Korean American Community land acquisition and buildinq of parkingCenter I $10,000,000
CentralKoreatown
Community Center Facility facilities
Hollywood &Wilshire Open Space I development of a public park to serve theCenter I Hoover and Wilshire Park $12,000,000
CentralKoreatown
Parks surrounding community
Hollywood &Wilshire Wilshire I Normandie Retail commerical development on the southeastCenter / Commercial corner of Wilshire and Normandie; office and $15,000,000
CentralKoreatown
Projectreuional retail
Hollywood &Wilshire 450 rental units and 40,000 sq.ft. of groundCenter / Wilshire Vermont Mixed use Mixed Use floor retail. We should also add $7 million to $17,500,000
CentralKoreatown Ihe 7th and Hobart Dark site oer CDlO,
Wilshire Acquisition ofAcquisition of strategic commercial site for
Hollywood &Center / HooverlWilshire for mixed Mixed Use
disposition and development of a mixed use $20,000,000Central project. Includes $5,000,000 of Prop 84 funds
Koreatown use development for acquisition of park area on site.
Hollywood &Wilshire Wllshlre/Normandle RetailCenter / Mixed Use project with retail component and housing $20,000,000
CentralKoreatown
Project
8th Street Public Improvements - $4,000,000;6th Street Public Improvements - $4,000,000;Western Avenue Public Improvements -
Hollywood &Wilshire
Public$10,000,000; Vermont Avenue Public
Center / Streetscape Projects Improvements - $12,000,000; Alley $31,800,000Central
KoreatownImprovement Conversion Program - $150,000; Parkway
Conversion Program - $150,000; IndustrialCore Beautification Program ~$600,000, AlleyConversion Program $150,000 ParkwayConversion Program, $150,000, IndustrialCore Beautification Prooram $600,000
Los Angeles BeaconTrolley Service
Public Develop off-site parking locations and trolley $1,000,000Harbor Street Improvement service around Port and DT San Pedro
Los Angeles Beaconprovide subsidy to 80/20 deal or other project
Affordable Rental Project Housing outside Beacon Street boundaries that will $5,000,000Harbor Street
orovide additional famllv housina
Page 14 of 19
ATIACHMENTA LIST OF ACTIVITIESINCLUDING PROGRAMS PROJECTS
0 0 ~~ 0 ~ ~ 0 ~ 0 ~ ~ ~ ~ 0 ~Region Project Area Project Name
ProjectDescription ORA/LA Investment
CategorY" " " 0 " "" - ~~"~~~-~~~ 0" 0 0 "' ~~~~ ~o
Harbor StreetParking Garage
ImorovementAcquisition construction of parking garage $30,000,000
Two-phased project consisting of E StreetLos Angeles
LA HarborLA 3200 Alameda Harry Public Gateway, Eubank Gateway, and landscaped
$2,400,000Harbor Bridges Landscape Buffer Improvement bugger along Alameda from Anaheim to Harry
Bridges.
LA Harbor &Design and update website promoting
Los AngelesWilmington
Web site updating & grantIndustrial
Wilmington Industrial Area & develop grant$200,000
Harbor Industrial writing applications for funding of publicimprovements and other competitive projects
Los Angeles LA Harbor &Block 27 Industrial
Remediation of contaminated property and
HarborWilmington
DevelopmentIndustrial major expansion of existing cold storage $300,000
Industrial business.
Los Angeles LA Harbor &Public
Design and construct traffic safety devices for
Harbor Wilmington E Street and MacFarland Improvement train tracks along this street and vacate the $700,000Industrial street for vehicular use
Los AngelesLA Harbor & Acquire land outside project area to developWilmington Affordable Rental project Housing more affordable family housing in the $1,400,000
HarborIndustrial Wilminaton Area
Los AngelesLA Harbor &
Land Lecourveur for saleWilmington Housing For sale affordable housing $1,500,000
HarborIndustrial
project
Los Angeles LA Harbor & Implement a soft second program for theHarbor
Wilmington Soft Second Program HousingWilmington Area
$2,000,000Industrial
Los Angeles LA Harbor & Alameda Storm DrainDesign improvements to prevent flooding
Wilmington Plans & Studies along Alameda (includes adding storm drains $2,500,000Harbor
IndustrialImprovements
and street reconstruction'
Los AngelesLA Harbor &
Assist in acquisition of land and developmentWilmington Block 22,23,24 (a-acre site) Industrial $5,000,000
HarborIndustrial
for up to 75,000 square feet of new industrial
Los AngelesLA Harbor &
New construction of industrial development inWilmington Block 25 Industrial $5,000,000
HarborIndustrial
the Wilmington Area (at least 3 acres)
Los AngelesLA Harbor & Eubank/Alameda
New construction of industrial development inWilmington Opportunity Site (Block 38, Industrial $5,000,000
HarborIndustrial 45, and 54)
the Wilmington Area (at least 5 acres)
Los AngelesLA Harbor &
Improve all Unimproved PublicDesign, obtain permits and construct street
Wilmington improvements along Banning, Lecourveur, $7,000,000Harbor
IndustrialStreets in Wilmington Improvement
Lakme, Pioneer, Quay, F Street and C Street
Los AngelesLA Harbor &
Quay/Banning Opportunity New construction of industria! development inWilmington Industrial $10,000,000
HarborIndustrial
Sites (Block 15, 30 and 31) the Wilmington Area (at least 8 acres)
Los Angeles Pacific222 W. 6th Street Industrial
Commerical incentive loans for retenanting $2,000,000Harbor Corridors buildina
Los Angeles PacificGrand Vision Theater Commercial
Develop theater as prominent venue for$2,000,000
Harbor Corridors events, etc.
Los Angeles Pacific 3rd and Pacific Affordable HousingDevelopment of affordable family housing with
$2,500,000Harbor Corridors Housing ground floor community space.
Los Angeles Beacon ubllc
Page 15 of 19
ATIACHMENTA LIST OF ACTIVITIESINCLUDING PROGRAMS, PROJECTS), , , , , , , ~
Region Project Area Project NameProject
Description CRAfLA InvestmentCategory, " , , , ~ ~v~ , , , , " , ' , , , , , '- - -~- ~ -,
Improvements to Oliver Street pedestrian
Los Angeles Pacific Public overpass across Gaffey Street at the 110
Harbor Corridors Gaffey Street Bridge Improvement Freeway, and development of adjacent open $3,500,000space to enhance primary gateway toDowntown San Pedro.
Los Angeles Pacific Home Rehabilitation HousingAssist with rehabilitation of historic homes in $5,000,000
Harbor Corridors Prooram Vineaar Hill Area
Los Angeles Pacific Retail Attraction Program CommercialVarious programs and project to attract new $5,000,000
Harbor Corridors retail to vacant space along Pacific Avenue.
Develop neighborhood shopping centerLos Angeles Pacific Neighborhood Shopping
Commercialacross from the cruise terminal on Caltrans $10,000,000
Harbor Corridors Center and privately owned property (at least 8acre~)
Los Angeles PacificOpportunity Sites Commercial
Indentify and acquire at least 2 blocks within $17,000,000Harbor Corridors DT San Pedro for mixed use development
South Los BroadwayMixed-use development consisting of 2,800
Angeles ManchesterMilan Affordable housing Housing sq. ft. of commercial, with 16 affordable $1,000,000
townhouse units.South Los Broadway Sheenway Heritage Charter Community 30,400 sq. ft. Charter High School with 61 $1,000,000Anaeles Manchester Htch School Facilitv surface oarkina spaces.
Proposed mixed-use development to consistof supermarket, senior affordable rental units,
South Los Broadway94th & Broadway Mixed Use
and detached for-sale town homes. AMCAL is $291,800Angeles Manchester the master developer Current DDA with
AMCAL consists of antiquated projectdescription of only for-sale housing.
South Los Broadway Industrial CorridorProvide assistance to industrial companies
Industrial that are seeking to maintain, expand or $840,500Angeles Manchester Business Improvements relocate to the area
South LosCrenshaw Baldwin Hills Crenshaw Commercial Multi-phase redevelopment of regional mall $1,000,000
Anaeles Mall
South LosCrenshaw
Crenshaw Corridor Prop 1C Public Funds awarded by state for Public $14,000,000Angeles Public Improvements Improvement improvements
South Los Crenshaw Vision theaterCommunity Phased renovationl reconstruction of historic $1,000,000
Anaeles Facilitv facilitv.
Develop streetscape, public art and transitSouth Los
Crenshaw Crenshaw Transit CorridorPublic plan for Crenshaw Blvd, working with other $30,000
Angeles Improvement departments such as Metro, City Planning, LADOT, etc.
South Los Business Improvement BusinessExpand Business Improvement District north
AngelesCrenshaw
District Assistanceinto Mid City Project Area and South into $45,000Crenshaw Slauson
South Los Crenshaw Buckingham Housing Senior Affordable housing Development $276,900Anaeles
South LosCrenshaw Marlton Square Mixed Use
22-acre site slated for mixed-use $1,977,000Angeles development
South Los Crenshaw Business Improvement BusinessExpand BUsiness Improvement District north
Angeles Slauson District Assistanceinto Mid City Project Area and South into $500,000Crenshaw Slauson
Page 16 of 19
ATIACHMENTA LIST OF ACTIVITIES(INCLUDING PROGRAMS PROJECTS~ ~~ ~ " ' ~, ~ , , , , e
, ProjectRegion Project Area Project Name Category Description CRAILA Investment
- ~"- ~ ~ fu ,~"" ~<~ ~~ ~ " ~" " ~ ~, ~"~-" :;; , , ~" ", ~ , , " ~, ~~ ,
Develop streets cape, public art and transitSouth Los Crenshaw
Crenshaw Transit CorridorPublic plan for Crenshaw Blvd, working with other
$100,300Angeles Slauson Improvement departments such as Metro, City Planning, LA
DOT, etc,
South Los CrenshawHealthy Food Initiative
Business Grants to food providers to expand or$250,000
Anaeles Slauson Assistance renovate orooertvSouth Los Crenshaw
Renew ProgramBusiness Market conversion $250,000
Anaeles Slauson AssistanceSouth Los Crenshaw
Hyde Park Library Site HousingFormer library site, slated for residential
$332,900Anaeles Slauson develooment.
On-going program to provide facadeSouth Los Crenshaw Business Incentive Business improvement grants for commercial
$1,000,000Angeles Slauson Program Assistance businesses along Slauson and Crenshaw
Blvd.
South LosExposition I
511 West 31 st Street MixedMixed use development consisting of 30 units
AngelesUniversity
UseMixed Use with 865 sq. ft. of commercial space and 63 $500,000
Park parking spaces.
South LosExposition / A 32 one-bedroom Project for senior citizens
Angeles University Stovall Villa Housingincluding a
$250,000Park
Exposition IThe mixed-use project consists of 83,000
South LosUniversity University Gateway Mixed Use
square feet of commercial use on the first$500,000
AngelesPark
floor, 421 dwelling units and 770 on-siteIoarkino spaces at
South LosExposition I Development of a master plan to build out the
AngelesUniversity USC Master Plan Plans & Studies
USC campus$150,000
Park
South Los Exposition / Vermont Seniors Project is a new 140 unit senior housingAngeles
UniversityApartments
Housingdevelopment
$1,000,000Park
Casa de Rosas is a transitional shelter,
Exposition I consisting of 18 shelter beds and 32 SROSouth Los
University Casa de RosasCommunity units for very low income individuals. The $795,900
AngelesPark
Facility building was recently acquired by eRA/LAthrough a foreclosure permanentowner/onerator.Improve pedestrian access to the new Expo
South LosExposition / 2009 MTA Call for Projects
PublicUght Rail station on Vermont Avenue by
AngelesUniversity and Figueroa Corridor Prop.
ImprovementInstalling sidewalks, landscaping and lighting $1,000,000
Park 1C Grant along Bill Robertson Lane (formerly MenloAvenue) and Martin Luther King, Jr. Blvd.
Exposition /CRA purchased 34,000 sf parcel from City for
South LosUniversity
Exposition Park SurplusMixed Use
the purpose to redevelop property into a $1,000,000Angeles
Park Library Site mixed-use or commercial project. Property islocated across the street from USC.
South LosExposition /
Business Incentive BusinessOn-going program to provide facade
AngelesUniversity
Program Assistanceimprovement grants for commercial $1,600,000
Park businesses.
South Los CommunityDisposition and development of site into adult
AngelesNormandie 5 Engine House 18
Facilityart center for developmentally challenged $500,000individualsConstruction of pedestrian and transit
South Los Public amenities, including the installation and/or
AngelesNormandie 5 West Adams Streetscape
Improvementenhancement of landscaping, gateway $150,000signage, crosswalks and bus stops, as well asother necessarv work.
Page 17 of 19
ATIACHMENTA LIST OF ACTIVITIES(INCLUDING PROGRAMS, PROJECTS)
"" "Cc C
C, , , c , ~ c " c, """:: ~ ~ -ee. , , , ,
Region Project Area Project NameProject
Description CRAJLA InvestmentCategory ,
c " ~~-~ " ~~-=~ , " -" " , '" , , , , " " ~~~~ , " '"" "~ , , , , " , ,
Services provided by the Los AnglesSouth Los
Normandie 5 Clean and Green ProgramPublic Conservation Corp include: sidewalk and
$200,000Angeles Improvement street cleaning; litter removal; remova! of
trash from receptacles; graffiti removal; etc.
South LosNormandie 5 Jefferson Park Terrace Commercial
Development of approximately 50 units of$678,500Angeles affordable housing project on Fatburger Site
South Los BUsiness Incentive Business Onwgoing program to provide facade
Angeles Normandie 5Program Assistance
improvement grants for commercial $1,300,000businesses.
South Los Areawide Improvements Public Sidewalk, curb and gutter repair and tree
AngelesNormandie 5
Phase 1 Improvement pruning/removal in eastern portion of Project $1,760,000Area.
Potential amendments and merger to 7existing project areas in South LA: Crenshaw,
South LosRegion Wide
Plan Updates and Merger ofPlans & Studies
Crenshaw/Slauson, Broadway/Manchester,$600,000
Angeles 7 existing project areas Vermont/Manchester, Western/Slauson,Normandie 5 and Exposition/University ParkProject Areas.
South LosRegion Wide
3D Simulation of ProjectPlans & Studies
UCLA urban simulation of Expo, Crenshaw$700,000
Angeles Areas and Crenshaw Slauson
Exterior Residential$15,000 conditional grants to eligible
South LosRegion Wide Rehabilitation Pilot Housing
homeowners in participating project areas$1,900,000
AngelesProgram (ERRP)
(CR,CS,N5, WS, Expo, MC, and VM) foreligible exterior renovations.
South Los VermontRenew Program
Businessassistance for small business owners $200,000Anoeles Manchester Assistance
South Los Vermont Vermont Manchester Development of a community shopping center
Angeles Manchester Shopping CenterCommercial w/grocery store and other ancillary retail $240,000
stores.CRA/LA is seeking to develop the site into a
South Los Vermont Johanna G. Sutton LibraryCommercial commercial/medical office use. Kaiser
$738,400Angeles Manchester Site Permanente is building a $10 million, two-
storv medical office build inn nearbv.
South Los Disposition of SurplusProperty sale or conveyance of CRA/LA
AngelesWatts
PropertyPlans & Studies owned parcels (project area to close out in $53,400
2012)
Extension of affordable housing covenants atSouth Los
WattsExtension of Affordable
Housingseveral housing complexes previously
$525,700Angeles Housing Covenants developed in partnership with eRA/LA
Extensions to be realized throuoh one-time
South LosWatts Wattstar Theatre Commercial 35,000 sq. ft. theatre & education center $598,000
Angeles
South LosWatts MLK Jr, Shopping Center Commercial Renovation of 100,000 sq. ft. shopping center $1,541,000
Angeles
Page 18 of 19
ATTACHMENT A LIST OF ACTIVITIES(INCLUDING PROGRAMS, PROJECTS)
7 - ~ -' ~,- , - , , ~, Project
Region Project Area Project NameCategory
Description CRAILA Investment, - " ~" _"~ M ~ ~ - , - , " , - ~ , M~ ~~ ~,,=~~_~"~~_~ , ~~-) - ,- , ,
South Los WattsDevelopment (of)
Open Space IAngeles Corridors Opportunity Site at 10athl
ParksRedevelopment of half-acre vacant lot $500,000
Wilmington
South Los Watts Response to Housing Housing Response to developer and property owner$525,000Angeles Corridors Opportunities inquiries for affordable housing development
South Los Watts Central Avenue Streetscape PublicImplement first phase in a series of
Angeles Corridors Improvements Improvement streetscape improvements between 103fd 8t. $889,000& Central Avenue.
Amendment to expand existing boundaries ofexisting project area, extend the time period
South Los Watts Watts Corridors PlanPlans & Studies
for eminent domain in the existing project$895,000
Angeles Corridors Amendment area, and establish eminent domain on non-residential properties in the expandedboundaries.
South Los Western Business Improvement Business Transfer funds to City Clerk to create BID in$60,000
Anaeles Slauson District Assistance Industrial Business ParkSouth Los Western
ERRP Phase 2 Housing affordable housing projects $800,000Anaeles Slauson
Construction of pedestrian pathways; park;
Reseda I Public pedestrian bridge; decorative gates andWestVa1!ey
Canoga ParkReseda River Loop
Improvement bikeways along the Los Angeles River $275,000confluence with Aliso Creek. Developer-Trust for Public Lands
Adaptive reuse of 50-year old abandoned
Reseda I theater and adjacent vacant lot, both areWest Valley
Canoga ParkReseda Theater Mixed Use owned by CRA/LA. $1,000,000
Reconstruction of alley ways in the Reseda
WeslValleyReseda I West Valley Alley Public Business District to improve traffic circulation,
$1,000,000Canoga Park Reconstruction - Reseda Improvement access to businesses and neighborhood
aesthetics.
Beautification and reconstruction of medians
West ValleyReseda I
Reseda StreetscapesPublic and installation of new streetscape
$2,000,000Canoga Park Improvement improvements in the Reseda Central
Business District.
West ValleyReseda I
Reseda Park Pool Open Space' Re-construction of 80 year old Reseda Park$2,280,000
Canoga Park Parks Pool.
Reseda I 18425 Kittridge Street77 unit multi-family affordable housing project;
West ValleyCanoga Park Affordable Housing
Housing located across from LA River; Developer- $4,000,000Abode Communities.
West ValleyReseda I
Sherman Village Housing73 unit multi-family affordable housing project;
$4,400,000Canoga Park LEED Silver; Developer - Meta Housing.
~:~~d: ~ark The Crossings on AmigoRehabilitation of 42 unit multi-family
West Valley Housing affordable housing apartment; Developer - $5,900,000• ~~
TOTAL: $1,074,255,900
9 Ub H c
Page 19 of 19
IiDRAFT
COOPERATION AGREEMENTFOR PAYMENT OF COSTS ASSOCIATED WITH CERTAIN RDA FUNDED CAPITAL
IMPROVEMENTS, PUBLIC IMPROVEMENTS AND AFFORDABLE HOUSINGPROJECTS
THIS COOPERATION AGREEMENT (the "Agreement") is entered into this day ofJanuary, 2011, by and between the CITY OF LOS ANGELES (the "City") and theREDEVELOPMENT AGENCY OF THE CITY OF LOS ANGELES (the "Agency"), withreference to the following facts:
A. The Agency has prepared Redevelopment Plans for the thirty one Redevelopment ProjectAreas (the "Project Areas"), which results in the allocation of taxes from the Project Areas to theAgency for purposes of redevelopment.
B. The intent of the Redevelopment Plans is, in part, to provide for the construction andinstallation of necessary public infrastructure and facilities and to facilitate the repair, restorationand/or replacement of existing public facilities and to perform specific actions necessary topromote the redevelopment and the economic revitalization of the Project Areas; and to increase,improve and preserve the community'S supply oflow and moderate income housing,; and to takeall other necessary actions to implement the redevelopment plans for the respective Project Areasand to expend tax increment to accomplish the goals and objectives of the respectiveredevelopment projects.
C. The Agency has adopted its Five-Year Implementation Plans for the Project Areas, asamended from time to time (the "Plans") with established goals to support affordable housing,economic development, community revitalization, commercial revitalization, and institutionalrevitalization. To implement the programs and activities associated with each goal, the Agencyhas made redevelopment fund commitments based on estimated available tax increment revenueand debt financing structures.
D. Pursuant to California Redevelopment law, section 33220, certain public bodies,including the City may aid and cooperate in the planning, undertaking, construction, or operationof redevelopment projects. Collectively, the projects associated with this Agreement are listed inthe attached Exhibit 1, which are incorporated herein by this reference (the "Projects"). Theprograms and activitiesassociated with the Projects include but are not limited to acquisition anddisposition of property, development of design criteria, design, planning, preparation ofconstruction bid documents, financial analysis, financing and new construction or rehabilitation.To carry out the Projects in accordance with the objectives and purposes of the redevelopmentplans for the Project Areas and the Plans, the Agency desires assistance and cooperation in theimplementation and completion of the Projects. The City agrees to aid the Agency and cooperatewith the Agency to expeditiously implement the Projects in accordance with the redevelopmentplans for the Project Areas and the Plans and undertake and complete all actions necessary orappropriate to ensure that the objectives of the redevelopment plans for the Project Areas and the
Page 1
Plan are fulfilled within the time effectiveness ofthe Project Areas. The Redevelopment Plansand the Plans and all official records of the Agency and are incorporated herein by reference.
E. In considering the Agency's desire to ensure timely implementation and completion ofthe Projects, the Agency wishes to enter into this Agreement with the City for the pledge of netavailable tax increment to finance the Projects. The purpose of this Agreement is to facilitate theimplementation of the Projects and to provide funding necessary to effectuate the completion ofthe Projects with net available tax increment in this current fiscal year and forthcoming fiscalyears.
F. Net available tax increment is defined as any tax increment, net of existing debt servicepayments, and existing contractual obligations received by the Agency or any lawful successorofthe Agency and/or to any of the powers and rights of the Agency pursuant to any applicableconstitutional provision, statute or other provision of law now existing or adopted in the future.The pledge of net available tax increment will constitute obligations to make paymentsauthorized and incurred pursuant to Section 33445 and other applicable statutes. The obligationsset forth in this Agreement will be contractual obligations that, if breached, will subject theAgency to damages and other liabilities or remedies.
G. The City Council (the "Council") and the Agency by resolution will find or have foundthat the use of Agency redevelopment funding for the publically owned improvements is inaccordance with Section 33445 of the California Community Redevelopment Law (Health &Safety Code Section 33000 et seq.) ("CRL") and Section 33445(a) of the CRL and otherapplicable law. The said Council and Agency resolutions are each based on the authority of theAgency, with the consent of the Council, to pay all or part of the cost of the installation andconstruction of any facility, structure, or other improvements which is publicly owned eitherwithin or outside a project area, if the Council makes certain determinations.
H. By approving and entering into this Agreement, the Agency has approved the pledge ofnet available tax increment from the Project Areas to pay for the Projects.
1. The obligations of the Agency under this Agreement shall constitute an indebtedness ofthe Agency for the purpose of carrying out the Redevelopment Plan for the Project Areas.
NOW, THEREFORE, the parties hereto do mutually agree as follows:
INTRODUCTORY PROVISIONS,_ m Mr"",··- .- .•_.., ,- 'VMjf:tlt:(:"P "1'"
The recitals above are an integral part of this Agreement and set forth the intentions ofthe parties and the premises on which the parties have decided to enter into this Agreement andare incorporated into the terms and conditions of this Agreement.
II. AGENCY'S OBLIGATIONS
The Projects are those projects which are listed on the attached Exhibit 1, which is incorporatedherein by this reference. The Agency agrees to pay to the City an amount equal to the cost to the
Page 2
City to carry out the Projects, including without limitation all costs incurred by the City for theplanning, acquisition and disposition, financing, development, permitting, design, site testing,bidding, construction and construction management of the Projects. The Agency's obligationsunder this Agreement, including without limitation the Agency's obligation to make thepayments to the City required by this Agreement, shall constitute an indebtedness of the Agencyfor the purpose of carrying out the redevelopment of the Project Areas and are obligations tomake payments authorized and incurred pursuant to Section 33445 and other applicable statutes.The obligations of the Agency set forth in this Agreement are contractual obligations that, ifbreached, will subject the Agency to damages and other liabilities or remedies.
The obligations of Agency under this Agreement shall be payable out of net available taxincrement, as defined in the above recitals and/or as defined or provided for in any applicableconstitutional provision, statute or other provision of law now existing or adopted in the future,levied by or for the benefit of taxing agencies in the Redevelopment Project Areas, and allocatedto the Agency and/or any lawful successor entity of the Agency and/or any entity established bylaw to carry out any of the redevelopment plans for the Project Areas and/or expend taxincrement or pay indebtedness of the Agency to be repaid with tax increment, pursuant toSection 33670, et seq., of the California Community Redevelopment Law or any applicableconstitutional provision, statute or other provision of law now existing or adopted in the future,in amounts not less than those set forth in the Payment Schedule attached hereto as Exhibit 2 andincorporated herein by this reference.
The indebtedness of Agency under this Agreement shall be subordinate to the rights ofthe holder or holders of any existing bonds, notes or other instruments of indebtedness (allreferred to herein as "indebtedness") of the Agency incurred or issued to finance theRedevelopment Project Areas, including without limitation any pledge of tax increment revenuesfrom the Redevelopment Project Areas to pay any portion of the principal (and otherwisecomply with the obligations and covenants) of any bond or bonds issued or sold by Agency withrespect to the Redevelopment Project Areas.
III. CITY'S OBLIGATIONS
1. The City shall accept any funds offered by the Agency pursuant to this Agreement andshall devote those funds to completion of the Projects by (i) reimbursing the City or using suchfunds to make City expenditures to perform the work required to carry out and complete theProjects; (ii) utilizing such funds to pay debt service on bonds or other indebtedness orobligations that the City has or will incur for such purposes; and/or paying such funds into a
Page 3
special fund of the City to be held and expended only for the pnrpose of satisfying theobligations of the City hereunder.
2. It is the responsibility of City to pay all development and construction costs in connectionwith the Projects from funds paid to the City by the Agency under this Agreement.
3. The City shall perform its obligations hereunder in accordance with the applicableprovisions of federal, state and local laws, including the obligation to comply with environmentallaws such as CEQA, and shall timely complete the work required for each Project in accordancewith the Schedule of Performance attached hereto as Exhibit 3 and incorporated herein by thisreference.
IV. Liability and Indemnification
In contemplation of the provisions of California Government Code Section 895.2 imposingcertain tort liability jointly upon public entities solely by reason of such entities being parties toan agreement as defined by Government Code Section 895, the parties hereto, as betweenthemselves, pursuant to the authorization contained in Government Code Sections 895.4 and895.6, shall each assume the full liability imposed upon it, or any of its officers, agents oremployees, by law for injury caused by negligent or wrongful acts or omissions occurring in theperformance of this Agreement to the same extent that such liability would be imposed in theabsence of Government Code Section 895.2. To achieve the above-stated pnrpose, each partyindemnifies, defends and holds harmless the other party for any liability, losses, cost or expensesthat may be incurred by such other party solely by reason of Government Code Section 895.2.
V. Entire Agreement: Waivers and Amendments
This Agreement shall be executed in triplicate originals, each of which is deemed to be anoriginal. This Agreement consists of Upages, which constitute the entireunderstanding and agreement ofthe parties.
This Agreement integrates all of the terms and conditions mentioned herein or incidental hereto,and supercedes all negotiations or previous agreements between the parties with respect to thesubject matter of this Agreement.
frsi\g~~ment is intended solely for the benefit of the Cityand the Agency. Notwithstandingany reference in this Agreement to persons or entities other than the City and the Agency, thereshall be no third party beneficiaries under this Agreement.
All waivers of the provisions of this Agreement and all amendments to this Agreement must bein writing and signed by the authorized representatives of the parties.
VI. SEVERABILITY
If any term, provisions, covenant or condition of this Agreement is held by a court of competentjurisdiction to be invalid, void or unenforceable, the remainder of the provisions shall continue in
Page 4
full force and effect unless the rights and obligations of the parties have been materially alteredor abridged by such invalidation, voiding or unenforceability.
VII. DEFAULT
If either party fails to perform or adequately perform an obligation required by thisAgreement within thirty (30) calendar days of receiving written notice from the non-defaultingparty, the party failing to perform shall be in default hereunder. In the event of default, the non-defaulting party will have all the rights and remedies available to it at law or in equity to enforcethe provisions of this contract, including without limitation the right to sue for damages forbreach of contract. The rights and remedies of the non-defaulting party enumerated in thisparagraph are cumulative and shall not limit the non-defaulting party's rights under any oilierprovision of this Agreement, or otherwise waive or deny any right or remedy, at law or in equity,existing as of the date of the Agreement or hereinafter enacted or established, that may beavailable to the non-defaulting party against the defaulting party. All notices of defaults shallclearly indicate a notice of default under this Agreement.
VIII. BINDING ON SUCCESSORS
This Agreement shall be binding on and shall inure to the benefit of all successors and assigns ofthe parties, whether by agreement or operation of law.
IX. RIGHT TO TERMINATE
The City shall have the right to terminate this Agreement in its sole determination uponreasonable cause. In addition, the City may eliminate any project identified in Exhibit I,in theevent that such project is deemed not reasonably feasible.
x. TERM
This Agreement shall remain in effect until the City has completed the projects identified and asamended, from time to time.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first set forthabove.
"'1ilii!!W,,,,,,,, lttM_.W ,L3tflllllltiirr lEW"'" '=W"'" "'i;''''''''~~:.;:.:;;;,,-,-
Attest: CITY OF LOS ANGELES
By: _-=--=---:- _City Clerk
By: _
Page 5
Attest: REDEVELOPMENT AGENCY OF THECITY OF LOS ANGELES
By: _Secretary
By: _
APPROVED AS TO FORM:
By:-=-~---------City AttorneyBy:CRAJ·~L~A~G~e-n-er-a71C~oun-s~el-------City Attorney
APPROVED AS TO FORM:Kane Ballmer & Berkman
By: _
Agency Special Counsel
Page 6