Los Angeles Board of Harbor Commissioners
Harbor Administration Building
425 S. Palos Verdes Street
San Pedro, California 90731
AGENDA OF THE SPECIAL MEETING OF THE LOS ANGELES BOARD OF HARBOR COMMISSIONERS
WEDNESDAY, OCTOBER 29, 2014 AT 6:00 P.M.
BOARD OF HARBOR COMMISSIONERS
Ambassador Vilma S. Martinez, President
Vice President David Arian
Commissioner Patricia Castellanos
Commissioner Anthony Pirozzi, Jr.
Commissioner Edward R. Renwick
A. OPENING STATEMENT – AN OPPORTUNITY FOR MEMBERS OF THE PUBLIC TO ADDRESS THIS BOARD MEMBERS IN THE AUDIENCE MAY ADDRESS THIS BOARD IN CONNECTION WITH ANY AGENDA ITEM OR DURING THE PUBLIC COMMENT PERIOD. AS PROVIDED BY THE BROWN ACT, THE BOARD HAS LIMITED EACH INDIVIDUAL’S SPEAKING TIME TO THREE MINUTES. ANYONE DESIRING TO SPEAK DURING THE PUBLIC COMMENT PERIOD IS REQUESTED TO COMPLETE A SPEAKER CARD AND SUBMIT IT TO THE COMMISSION SECRETARY, VIA THE SERGEANT AT ARMS, PRIOR TO THE START OF THE MEETING.
B. COMMENTS FROM THE PUBLIC ON NON-AGENDA ITEMS
C. BOARD REPORTS OF THE EXECUTIVE DIRECTOR
REGULAR ITEMS NO. 1
Planning and Economic Development
1. Re: RESOLUTION NO. ___________ - APPROVAL OF A SUCCESSOR EXCLUSIVE NEGOTIATING AGREEMENT BTWEEN THE CITY OF LOS ANGELES HARBOR DEPARTMENT AND LA WATERFRONT ALLIANCE FOR
THE COMMERCIAL REDEVELOPMENT OF PORTS O’ CALL
Transmittal 1
Transmittal 2
SUMMARY: It is recommended that the Board of Harbor Commissioners (Board) approve a successor Exclusive Negotiating Agreement (ENA) between the City of Los Angeles Harbor Department (Harbor Department) and LA Waterfront Alliance (Developer), a collaboration between The Ratkovich Company and Jerico Development. The original ENA was for a term of 240 days plus a 120-day extension option exercised by the Executive Director for a total of 360 days. On March 6, 2014, the Board approved the First Amendment to the ENA, which extended the term an additional 60 days, expiring May 8, 2014. On May 8, 2014 the Board approved the Second Amendment to the ENA, which extended the term up to an additional 180 days, expiring November 4, 2014. The original ENA has now expired and staff proposes to enter into a successor ENA that would allow the Harbor Department and Developer to complete the Financial Feasibility Analysis (FFA) required by the original ENA and advance negotiations. During the term of the successor ENA, the Harbor Department and Developer are responsible for their own costs incurred related to the performance of their due diligence activities, with the exception of any CEQA/NEPA compliance costs, which will be shared between the two parties at the rate of 25 percent for the Harbor Department and 75 percent for the Developer.
Recommendation: Board resolve to (1) approve the successor Exclusive Negotiating Agreement between the City of Los Angeles Harbor Department and LA Waterfront Alliance; (2) authorize the Executive Director to execute and the Board Secretary to attest to said successor Exclusive Negotiating Agreement, for and on behalf of the Board; and (3) adopt Resolution No.____________.