CRA/lA BUILDING COMMUNITIES Community Redevelopment Agency qjthe CITY OF LOS ANGELES DATE I MAR 1 7 2011 FILE CODE I 1200 West 7th Street I Suite 500 Los Angeles I California 90017-2381 T 213 977 1600 IF 213 977 1665 www.crala.org CRA File No. q~'69 Council District: Various Contact Person: Philip Tondreault (213) 977-1809 Honorable Council of the City of Los Angeles John Ferraro Council Chamber 200 N. Spring Street Room 340, City Hall Los Angeles, CA 90012 COUNCIL TRANSMITTAL: Transmitted herewith, is a Board Memorandum adopted by the Agency Board on March 17, 2011, for City Council review and approval in accordance with the "Community Redevelopment Agency Oversight Ordinance" entitled: VARIOUS ACTIONS RELATED TO: Conveyance of Real Property to City of Los Angeles. Conveyance of Real Property as listed on Attachment A to City of Los Angeles for implementation of potential Redevelopment activities as contemplated in the Cooperation Agreement between the CRAILA and the City of Los Angeles dated on March 10, 2011. RECOMMENDATION That the CRA/LA Board of Commissioners, subject to City Council approval approve(s) recommendation on the attached Board Memorandum. ENVIRONMENTAL REVIEW Given the nature of the recommended action (transfer of property), conducting analysis under the California Environmental Quality Act (CEQA) is premature at this time and is not currently required. The recommended action is not subject to CEQA review at this time as it can be seen with certainty that there is no possibility that the proposed action herein will have a significant effect on the environment. In addition, future development of the properties being conveyed at each of the property locations will be reviewed separately in full compliance with the requirements of CEQA, prior to approval of any development on the property sites.
CRA/lA Building communities FISCAL IMPACT STATEMENT There is no fiscal impact to the City's General Fund, as a result of this action. cc: Sharon Gin, Office of the City Clerk (Original & 3 Copies on 3-hole punch) Lisa Johnson Smith, Office of the CAO lvania Sobalvarro, Office of the CLA Steve Ongele, Office of the Mayor Noreen Vincent, Office of the City Attorney
bee: Sylvia Amaya Nenita Tan, Office of the City Controller Records (2 Copies) Mary Dennis Philip Tondreault Carol Chiodo
THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF LOS ANGELES, CALIFORNIA MEMORANDUM S3 DATE: MARCH 17,2011 VARIOUS TO: FROM: STAFF:. CRAILA BOARD OF COMMISSIONERS CHRISTINE ESSEL, CHIEF EXECUTIVE OFFICER CAROL CHIODO, REAL ESTATE ACQUISITION/RELOCATION MANAGER PHILIP TONDREAULT, DEPUTY DIRECTOR OF REAL ESTATE SUBJECT: CONVEYANCE OF REAL PROPERTY TO CITY OF LOS ANGELES. CONVEYANCE OF REAL PROPERTY AS LISTED ON ATTACHMENT A TO CITY OF LOS ANGELES FOR IMPLEMENTAION OF POTENTIAL REDEVELOPMENT ACTIVITIES AS CONTEMPLATED IN THE COOPERATION AGREEMENT BETWEEN THE CRAILAAND THE CITY OF LOS ANGELES DATED AS OF MARCH 10, 2011 RECOMMENDATIONS That the CRAILA Board of Commissioners, subject to City Council approval: 1) Authorize the Chief Executive Officer or designee to negotiate and execute all necessary._g.qc;!jments to effect the conveyance of all CRAILA interests in the real property listed on Attachment A. 2) Authorize the City Attorney to draft all necessary deeds and documents necessary to accomplish-this conveyance to the City of Los Angeles. 3) Authorize a fund transfer in an amount sufficient to cover the costs of title reports and other costs incurred to accomplish the conveyance. 4) Request City Council to accept conveyance of any or all of the properties on Attachment A. SUMMARY On March 10, 2011 the CRAILA and City of Los Angeles ("City") entered into a Cooperation Agreement providing for the City to undertake certain redevelopment activities on behalf of the CRAILA. Implementation of the Cooperation Agreement will be furthered by conveying title to the properties listed on Attachment A.
TRANSFER OF PROPERTY PREVIOUS ACTIONS On March 7, 2011 the CRAILA Board authorized the negotiation and execution of the Cooperation Agreement with the City. The City Council took action on March 8, 2011 to approve the Cooperation Agreement and the Agreement was executed on March 10, 2011. DISCUSSION AND BACKGROUND On March 10, 2011 the CRAILA and the City entered into a Cooperation Agreement under which the City agreed to implement certain specified redevelopment programs and projects. The Cooperation Agreement will allow the City to accomplish the goals of the various redevelopment projects and to serve the public interests in creating affordable housing, the elimination of blight, the furtherance of economic development and the creation of jobs. The programs and projects identified in the Cooperation Agreement will require the City to have control of real estate assets currently owned by the CRAILA. Transfer of the assets at this time will expedite the delivery of the redevelopment programs and projects identified in the Cooperation Agreement and ultimately serve these very important public interests. SOURCE OF FUNDS Project Area Tax Increment PROGRAM AND BUDGET IMPACT The cost of title reports and other expenses necessary for property conveyance will be funded with tax increment of the affected project area. The recommended actions will result in a transfer of assets. There is no negative impact on the City's General Fund as a result of these actions. ENVIRONMENTAL REVIEW Given the nature of the recommended action (transfer of property), conducting analysis under the California Environmental Quality Act (CEQA) is premature at this time and is not currently required. The recommended action is not subject to CEQA review at this time as it can be seen with certainty that there is no possibility that the proposed action herein will have a significant effect on the environment. In addition, future development of the properties being conveyed at each of the property locations will be reviewed separately in full compliance with the requirements of CEQA, prior to approval of any development on the property sites. Christine Esse! Chief Executive Officer By: JiO~sS!f-- Calvin E. Hollis Chief Operating Officer There is no conflict of interest known to me which exists with regard to any CRA!LA officer or employee concerning this action.
ATTACHMENT A CRA/LA INTERESTS IN REAL PROPERTY I I Interim Park and Open Space 1 5149-010-939 330-32, 334-36 S. Olive Street (Y-1) 9 Downtown Bunker Hill Plaza 2 5149-010-000 Surface Area over 2nd Street Tunnel 9 Downtown Bunker Hill Leased by Automatic Parking, Inc. 3 5114-032-027 1221 E. 40th Place 9 Downtown CD-9 Corridors Ralph Bunche Historic Home I surface parking {leased to 4 5147-026-900 600 S. San Pedro St. 14 Downtown Central Industrial Weingart Center Association) Surface parking (leased to Los 5 5147-029-048 thru 049 656-60 Stanford 14 Downtown Central Industrial Angeles Men's Place) 6 5414-007-026 988 N. Hill Street 1 Downtown Chinatown Parking Structure 7 5139-007-947 9th Street & Hope Street 9 Downtown City Center Grand Hope Park 312-20 E. 5th Street, 509-13 San 8 5148-014-904 thru 906 Julian St. 9 Downtown City Center San Julian Park Parking structure and surface parking lot {ground lease for so-. 5149-036-016; 536-46 S. Spring Street; 507-61 S. year term plus two 20-year 9 5149-037-026 Main Street & 103-15 W. 6th Street 9 Downtown City Center options) 10 5144-009-079 755 S. Figueroa Street 9 Downtown City Center for use} Citkorp Parking Garage (CRA part owner with reciprocal easements Broadway Spring Center parking facility (ground lease for 50-year 11 5149-019-034 thru 035 319-33 S. Spring Street 14 Downtown City Center term plus two 20-year options} Surface parking (used by 12 5147-024-900 thru 901 557 Crocker Street 14 Downtown City Center Transition House) San Pedro Firm Building (ground lease with San Pedro Firm 13 5161-012-014 110 N. San Pedro Street 9 Downtown Little Tokyo Building, LP) 14 2350-018-915 11115 McCormick Street 4 East Valley North Hollywood Vacant ATIACHMENTA Page 1 of 4
ATTACHMENT A CRA/LA INTERESTS IN REAL PROPERTY CRA/LA CRA/LA Project APN Address CD# Region Area Existing Use 15 2350-017-904 5203 Lankershim Boulevard 4 East Valley North Hollywood Open space and dining patio 16 2337-035-900 thru 901 5623~33 Elmer Avenue 4 East Valley North Hollywood Vacant Pacoima/Panorama 17 2513-006-900 13570w74 Foothill Boulevard 7 East Valley City Vacant 18 5169-028-901 2760 E. Washington Boulevard 14 Eastside Adelante Eastside Authority) 19 5174-018-900 114 S. Boyle Avenue (First & Boyle) 14 Eastside Adelante Eastside Vacant Vacant (contaminated; remidiation in process, purchased from Alameda co rridor Transit Ocean Queen (currently has 1300~14 E. First Street and 110 S. tenants for cultural/community 20 5172-008-900 thru 902 Anderson St. 14 Eastside Adelante Eastside art center) 21 5302-010-923 4500 Via Marisot (ParcelS) 14 Eastside Monterey Hills Vacant unimproved land LA Harbor Industrial 22 7424-016-906 n/a 15 Harbor Center Vacant LA Harbor Industrial 23 7424-024-901 613 N. Pioneer Ave 15 Harbor Center Vacant LA Harbor Industrial 24 7424-014-900 thru 917 530 N. McFarland Avenue, etc. 15 Harbor Center Vacant 25 5546-017-019 1317 N, Cahuenga, 90028 13 Central Hollywood Commercial 26 5572-031-901 7200 Franklin Avenue, 90046 13 Central Hollywood Ground Lease 27 5546-015-900 1400 N, Jvar, 90028 13 Central Hollywood Parking Structure 28 5546-016-018 1357 N. Vine Street, 90028 13 Central Hollywood Open Space 5059-003-900 5059-4337M4355 W. Adams Boulevard, 29 003-901 90018 10 Centra! MidMCity Vacant Lot Single Family House wjrental 30 5049-016-907 2520 S. Alsace Avenue, 90016 10 Central Mid-City units 31 5049-009-900 2528 & 2530 S. Orange Drive, 90016 10 Central MidMCity Occupied Duplex 32 5049-016-906 2535 S. Sycamore Avenue, 90016 10 Central Mid-City vacant and dear 33 5049-016-908 2515 S. Sycamore Avenue, 90016 10 Central Mid-City vacant and clear Abandoned existing structures outside of MidMCity formerly used for transitional 34 5073-014-002 1808 5, St, Andrews, 90019 10 Centra! Corridors housing ATIACHMENT A Page2of4
ATIACHMENTA CRA/LA INTERESTS IN REAL PROPERTY Townhomes cut Cut 94th & 3700, 3750, 3760, 3772, and 3800 Martin Luther Jr Blvd and 904 House 18 15 South LA Control Station i I ATIACHMENT A Page 3 of 4
AITACHMENTA CRA/LA INTERESTS IN REAL PROPERTY ATIACHMENT A Page 4 of 4