Community Redevelopment Agency of the CITY OF CRA/LA BUILDING COMMUNITIES DATE I JAN 14 2011

FILE CODE/

~~~-~~~~. --- .... 1200 West 7th Street I Suite 500 T 213 977 1600 IF 213 977 1665 Los Angeles I 90017-2381 www.crala.org REVISED RE AS UNDERLINED IN RECOMMENDATIONS SECTION CRA File No. Cf312.,. Council District: Various Contact Person: Dalila T. Sotelo (213) 977-1636

Honorable Council of the City of Los Angeles John Ferraro Council Chamber 200 N. Spring Street Room 340, City Hall Los 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 Redevelopment Agency Oversight Ordinance" entitled:

VARIOUS ACTIONS RELATED TO: COOPERATION AGREEMENT WITH CITY OF LOS ANGELES FOR PAYMENT OF APPROXIMATELY $930,000,000 FOR COSTS ASSOCIATED WITH CERTAIN CRAILA FUNDED CAPITAL IMPROVEMENT, PUBLIC IMPROVEMENT AND AFFORDABLE HOUSING PROJECTS LOCATED WITHIN THE CURRENTLY DESIGNATED 31 REDEVELOPMENT PROJECT AREAS

RECOMMENDATION That City Council approves recommendations on the attached Board Memorandum.

ENVIRONMENTAL REVIEW Given the nature of the recommended action (entering into a cooperative agreement for payments of the cost associated with potential future redevelopment activities), conducting analysis under the California Environmental Quality Act (CEQA) is premature at this time and is not currently required. It should be noted that anticipated developments within each of the CRAILA's existing 31 redevelopment project areas were evaluated as part of the redevelopment plan adoption process, pursuant to the provisions of CEQA. In addition, each individual capital improvement, public improvement or affordable housing project/activity listed in this memorandum has already been or will be reviewed separately in full compliance with the requirements of CEQA prior to project approval and/or implementation, unless exempted under CEQA.

FISCAL IMPACT STATEMENT There is no fiscal impact to the City's General Fund, as a result of this action.

Chh'liCJ&tcL E'"'""" Office' CRA/LA Building communities

Page2 Transmittal 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, City Attorney's Office THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF LOS ANGELES, CALIFORNIA

MEMORANDUM

REVISED VARIOUS RE AS UNDERLINED IN RECOMMENDATIONS SECTION

DATE: JANUARY 14, 2011

TO: CRA/LA BOARD OF COMMISSIONERS

FROM: CHRISTINE ESSEL, CHIEF EXECUTIVE OFFICER

STAFF: DALILA SOTELO, DEPUTY CHIEF OF OPERATIONS

SUBJECT: COOPERATION AGREEMENT WITH CITY OF LOS ANGELES FOR PAYMENT OF APPROXIMATELY $930.000,000 FOR COSTS ASSOCIATED WITH CERTAIN CRA/LA FUNDED CAPITAL IMPROVEMENT, PUBLIC IMPROVEMENT AND AFFORDABLE HOUSING PROJECTS LOCATED WITHIN THE CURRENTLY DESIGNATED 31 REDEVELOPMENT PROJECT AREAS.

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 a Cooperation Agreement (Agreement) in an amount up to $930.000.000 with the City of Los Angeles (the City) for the implementation of capital and public improvements, affordable housing and other redevelopment projects (including program delivery costs) in the currently designated CRA/LA redevelopment project areas, subject to the review and approval of the City Attorney;

2. Request that the City Council adopt a Resolution or Resolutions under the California Health and Safety Code Sections 33421.1 and 33445 finding that the use of CRA/LA funds to pay for the construction of certain capital and public improvements are of benefit to the affected Project Areas by eliminating blight within the Project Area and that the construction of said improvements is consistent with the Redevelopment Plan and the Five-Year Implementation Plan for each Project Area and effectuates the relevant Redevelopment Plan;

3. Instruct the Chief Executive Officer (CEOl or designee to increase the amount of the available under the Agreement by 5% ($45 million) or $930,000,000 in order to ensure that the work program of all Regions and corresponding project areas are reflected in the list of projects (Attachment Al: and,

4. Instruct Chief Executive Officer (CEO) to negotiate within the Cooperation Agreement the designation of a Successor Entity to implement the work program on behalf of the City upon the conclusion of CRA/LA's statutorv authority; and. that such Entity be either a non-profit organization or development corporation approved by the City Council and managed by the CEO. Chris Essel. 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 other things, the City will perform certain eligible activities on behalf of the CRA!LA including installation of publicly-owned capital improvements, public improvements, the creation and preservation of affordable housing projects and other redevelopment projects located throughout the 31 adopted Redevelopment Project Areas. The contemplated activities are beyond those normally provided by the City and are specifically intended to assist CRA!LA in addressing the removal of blight and prevention of the recurrence of blight. The obligation to pay tax increment, as set forth in the Agreement, shall constitute an indebtedness of the CRA!LA for the purpose of carrying out the Redevelopment Plans for each of the affected project areas.

DISCUSSION AND BACKGROUND

CRA!LA has adopted Five-Year Implementation Plans which establish goals to support economic development, commercial, community and institutional revitalization as well as the creation and preservation of affordable housing. To implement the programs, activities and projects associated with each goal, CRAILA had made redevelopment fund commitments based on estimated available tax increment revenue and debt financing structures.

Currently, CRA!LA is actively involved in the development of various projects that have been identified in the 31 Five-year Implementation Plans. Many of the identified projects will accelerate the economic recovery of the City as well as ensure the creation of locally based, quality jobs. The projects are listed 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. Pursuant to 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 of redevelopment projects. Building on this success, CRA!LA desires assistance and cooperation in the implementation and completion of these activities (Attachment A). By entering into the Agreement, CRAILA will pledge the unencumbered resources in the current FY2010-11 Budget, and the Net Tax Increment (defined as gross tax increment, less County Administrative Fees, statutory pass-throughs and debt service) from FY2011-12 through FY2015-16. The purpose of this Agreement is to facilitate the implementation of the activities listed in Attachment A pursuant to the terms and conditions outlined in the Agreement.

SOURCE OF FUNDS

Tax Increment, Bond Proceeds, Low and Moderate Income Housing Funds, City AB1290 Funds, City Affordable 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 and programs. Each of the redevelopment programs and activities are more fully described in the project area's respective Five-Year Implementation Plans, each of which been previously approved by the CRA!LA Board of Commissioners following a duly-notice public hearing. The action will contractually commit 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 that such funds are realized and available. There is no adverse impact on the City's General Fund as a result 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 of cost associated with potential future redevelopment activities), conducting analysis under the California Environmental Quality Act (CEQA) is premature at this time and is not currently required. It should be noted that anticipated developments within each of the CRA/LA's existing 31 redevelopment project areas were evaluated as part of the redevelopment plan adoption process, pursuant to the provisions of CEQA. In addition, each individual capital improvement, public improvement or affordable housing project/activity listed in this memorandum has already been or will be reviewed separately in full compliance with the requirements of CEQA prior to project approval and/or implementation, unless exempted under CEQA.

Christine Essel Chief Executive Officer

By

~~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.

ATTACHMENTS

Attachment A: List of Activities (including programs, projects) ATTACHMENT A liST OF ACTIVITIES (INClUDING PROGRAMS PROJECTS

~ ~ . . ~~ I ~ ~ '" . =~z -~"~';.,~;~"= - Project ' ' Region Project Area Project Name Description CRA/LA Investment Category ,_ I ~~ . ~' ~ ' ~ ~ '' ~ ~ ~~""' ~ -- =~~~~ ~---4" ' Various activities related to dose~out of Downtown Bunker Hill Bunker Hill Close Out Administration $250,000 project area.

Various public improvements in the project Area Wide Public Public Downtown Bunker Hill area, including public art, street tree $1,500,000 Improvements Improvement replacement, and sidewalk repairs.

Last remaining parcel in California Plaza, to Business Downtown Bunker Hill Parcel Y~1 be developed with office, commercial, housing $5,000,000 Assistance andfor cultural uses. Development of 120,00 sf museum and parking facility to house the Broad Collection. Public Downtown Bunker Hill Broad Art Museum Project includes ancillary uses such as $35,000,000 Improvement storage and conservation areas and offices. Museum endowment to be $200 million.

Three phased mixed use development of parcels owned by CRAJLA and LA County to include 5 start hotel, commercial space, and Downtown Bunker Hilt Grand Avenue Commercial $50,000,000 streetscape improvements. Catalytic mixed use project, area beautification, construction local hire, increased supply of housing stock. Santa Fe Street Public Central Public Public improvements on Santa Fe between 4111 Downtown Improvements (Lucky $500,000 Industrial Improvement and 111 Streets. .loono\ 6

Central Mixed~use development on site leased from Downtown One Santa Fe Housing $4,000,000 Industrial MTA at Santa Fe between 1s1 and 4111 Streets. Central Partner with Art Space to create housing for Downtown Artists' Housing Project Housing $5,000,000 Industrial artists Central Public Create open space on Matteo Street in park- Downtown Artists' Park $5,000,000 Industrial lmorovement looor Artists District Central Public Downtown Downtown Riverwalk 2-Acre riverfront park serving Arts District $5,000,000 Industrial Improvement Provide financial assistance to industrial Central Industrial Incentive Downtown Industrial companies that are relocating, expanding, or $5,000,000 Industrial Program "greening" their operations or facilities. Provide annual funding for programming, Central operations, maintenance services and Downtown SRO Housing Housing $5,000,000 Industrial administration of emergency, transitional and loermanent suooortive housina. Incubator located in the LADWP Innovation Campus will provide flex office space, shared Central Downtown CleanTech Incubator Industrial workshop and testing facilities, and business $6,000,000 Industrial and administrative support for cleantech start- un comnanies. Land Acquisition, Public Improvement and Central CleanTech Manufacturing Infrastructure for Twenty acre, CRAILA-owned Downtown Industrial $20,000,000 Industrial Center opportunity site for clean industrial development. Urgently-needed public improvements along Central Alameda Street Goods Public the key industrial distribution roadway Downtown $30,000,000 Industrial Movement Improve. Improvement (Alameda from 1st St. to the SM Freeway) in Central Los AnQe!es.

Ord/Yale Pedestrian Public Creation of stairway park that finks residential Downtown Chinatown $1,650,000 Linkages Improvement community to the civic community.

Page 1 of 19 ATTACHMENT A LIST OF ACTIVITIES (INCLUDING PROGRAMS, PROJECTS) c ------Project Region Project Area Project Name Description CRA/L:A Investment Category ,,_ '~ ~ - - - - ~ - "~"-~'""'"~~- - - ~ - -

Various public improvements related to Chinatown Cultural Capital Public making Chinatown a world~class capital, Downtown Chinatown $2,700,000 Implementation Plan Improvement including historic and cultural education, art exhibitions, and public events.

Mixed~use development adjacent to Chinatown Gold Line Station. Includes Downtown Chinatown Blossom Plaza Commercial affordable rental units, commercial space, an $4,200,000 outdoor cultural performance plaza, and ublic oarkina ad a bike station.

59~unit affordable housing for large~families, Downtown Chinatown Yale Street Apartments Housing including a social services enrichment $4,200,000 program facility.

On~going program to provide fayade Business Incentive improvement grants and matching Downtown Chinatown Commercial $6,000,000 Programs rehabilitation loans for commercial businesses.

Publio-private partnership to increase the usable green space in Downtown LA. The plan will explore innovative design solutions Downtown Open Space Public Downtown City Center and financing methods, identify opportunity $150,000 Plan Improvement sites, recommend policy and organizational changes, and provide an implementation fan. Initiative to address concentrated poverty in Central City East, providing a balanced Central City East/Affordable Downtown City Center Housing community, stability and upward mobility. $500,000 Housing Includes coordinated policy vision and action fan. Rehabilitation of an existing housing project to Downtown City Center Downtown Women's Center Housing $1,000,000 extend covenants and improve units Affordable Housing Project as new units Downtown City Center Star Apartments Housing above commercial structure at 240 E. 6th $1,000,000 Street Public Downtown City Center Olympic Grand Linear Park Develop park project in Southpark $1,500,000 Improvement

Economic development and land use study to Downtown Market Study & Business Downtown City Center inform update of the Central City Community $1,700,000 Implementation Strategy Assistance Plan.

Affordable housing project (perm supportive Downtown City Center Gateway Apartments Housing $2,000,000 housina) with SRO housino On~going program to provide fayade Business Incentive Business improvement grants and matching Downtown City Center Program (Historic Core and $3,000,000 Assistance rehabilitation loans for commercial Fashion District) businesses. Dormitory for Jobs Corps to be reconfigured Downtown City Center Case Hotel Housing $3,000,000 as senior housing for SRO Housing tenants

Downtown City Center New Pershing apartments Housing Affordable housing project $3,000,000 Converting emergency housing into Downtown City Center Panama Hotel Housing $3,000,000 permanent houslna work with Mercy Housing and California Venice Hope Housing Public Downtown City Center Hospital to develop senior housing and $3,000,000 Project Improvement outoatient services YMCA Jobs Corps (Phase Downtown City Center Housing Housing for graduates of the program $3,000,000 Ill

Page 2 of 19 ATTACHMENT A liST OF ACTIVITIES

~ ~ ,,, ~ ', -~~~ ~- ~ ~' ' ' ' ' ' ' ' ' '' Project Region Project Area Rroject Name Description C:RA/LA Investment Category

~ ~ ~-~ -~ ~ ,, ' ~ d - ~~ ~ ' ' " ' ' ' ' ' ~-- " ' ' ' ' - ' ' ' ' ''' " '' Public~private partnership and 10-year plan to revitalize the historic Broadway corridor 11 between 2 d Street and Olympic Blvd. Public Downtown City Center Bringing Back Broadway Initiative includes historic presetvation, $5,000,000 Improvement economic development, urban planning and design, transportation modes, parking, theatre programming, marketing, capital finance and I nolicies. Extensive rehabilitation of existing residential Downtown City Center Huntington Hotel Housing $6,000,000 hotel as affordable housing.

Acquisition of vacant hotel and adjacent Downtown City Center Morrison Hotel Housing properties for redevelopment as affordable $7,000,000 artist housing and commercial use.

Rehabilitation of SRO Provide rehab funds for housing units and Downtown City Center Housing $9,000,000 Housino Units extend covenants

Public/private partnership to create a Public Downtown City Center Downtown Streetcar streetcar connecting the Broadway Corridor to $10,000,000 Improvement LA Live and the Grand Avenue Project.

Fashion District Assist in private development of City Markets Downtown City Center Commercial $15,000,000 Development Sites Site and LAUSD site Housing required for $30 million grant for streetscape improvements to Figueroa, 11th, Figueroa Corridor Prop. 1C Affordable Washington, and Martin Luther King Jr. Blvd. Downtown City Center $18,000,000 Grant Housing Includes redesign and reconstruction of Gilbert Lindsay Park, Exposition Park Sports Field, and 110 Freeway cap park feasibility lstudv Development of food access program including: active food basket program Council promoting produce from local farmers; Downtown District 9 Food Access Program Commercial $80,000 transportation support to and from local Corridors markets, including modifications to buses serving the area and increase shuttle services Acquisition and development of a pocket part Council on an industrial property adjacent to a public Nevin Elementary Pocket Public Downtown District 9 elementary school. The majority of funds will $150,000 Park Improvement Corridors be provided through a Proposition 84 grant from the State of California Council Rehabilitation of the historic Ralph Bunch Public Downtown District 9 Ralph Bunche House House, located at 1221 E. 401h Place, for use $250,000 Improvement Corridors as a community resource center. Continued support of the Central Avenue Business Association (CABA), to provide a Council Central Avenue Business forum for the business community on Central Downtown District 9 Commercial $400,000 Association Avenue, promote business activity through Corridors marketing efforts, and encourage small business deve!ooment. Funding to increase commercial catering Council kitchen capacity, develop new spaces for Downtown District 9 Mercado La Paloma Commercial $400,000 restaurant and cafe options as well as a green Corridors racer. CRA/LA is working with the Trust for Public Council Land (TPL) and formulate an innovative plan Public Downtown District 9 Avalon Green Alleys to create pedestrian friendly and park~like $500,000 Improvement Corridors improvements to alleys in Southeast Los Anoe!es.

Page 3 of 19 ATIACHMENT A liST OF ACTIVITIES (INCLUDING PROGRAMS, PROJECTS) ,~ - - ~ ~ '"" ~ "" ~,.,-~~~-~ - ~;;~ Project Region Project Area Project Name DescriPtion CRA/LA Investment Category ,c ' ' ~ ~ - ,, ~'-~-~"'~- ~~ - - - ' ------' ' - ' - Design and construct street improvements along Slauson Avenue at key intersections from the 110 Freeway to Alameda Street in order to improve the flow of commerce to and from the surrounding industrial area as it Council heads to the Port of Los Angeles, LAX and Slauson Avenue Goods Public Downtown District 9 . The improvements $500,000 Movement Improvement Corridors will also improve mobility for bus, car and pedestrian traffic. Improvements include improved signage for truck routes, additional turn lanes, streetscape and sidewalk improvements, new bus shelters, improve crosswalks at intersections, and increased . h"• Development of 34 affordable senior apartments by Meta Housing, located at 7621 Council S. Figueroa Street. The project will include Downtown District 9 Figueroa Apartments Housing $600,000 community rooms, a community garden, Corridors computer room, barbecue area, and on-site t office. Calko Steel is an existing steel fabrication company seeking to expand their business by developing a new 48,500 square foot manufacturing facility at 6900 Stanford Avenue, a vacant property adjacent to their current location in the Goodyear Industrial Council Tract. CRA/LA is facilitating the remediation of Downtown District 9 Calko Steel Expansion Industrial $1,210,000 contaminated property and sale from the Corridors existing owner to Calko Steel through a Purchase and Sale Agreement and Owner Participation Agreement. At least 51% of the 47 living wage jobs provided on site will be made available to low- and moderate-income residents in the surrounding area.

Rehabilitation of historic Dunbar Hotel and Council adjacent Somerville I and II properties to Dunbar Village (Dunbar Downtown District 9 Housing provide affordable housing for low-income $2,100,000 Hotel and Somerville 1/11) Corridors seniors and families, and contribute to the revitalization of Central Ave.

Opportunities to invest in public infrastructure Council Alameda Corridor and strategic partnerships with private Public Downtown District 9 Expansion and investment in order to assist in development $2,500,000 Improvement Corridors Rehabilitation new businesses and expanding existing businesses. Implementation of a community~driven master Council Washington Blvd. Public streetscape plan for Washington Boulevard Downtown District 9 $2,800,000 Streetscape Improvement between Figueroa Street on the west and Corridors Alameda Street on the east. Council Redesign and expansion of existing Central Public Downtown District 9 Central Avenue Jazz Park Avenue Jazz Park, located at 42nd and $2,900,000 Improvement Corridors Central. Council Clean up graffiti and sidewalk cleaning along Public Downtown District 9 Clean and Safe Program Central Avenue, Vermont and Washington, $3,000,000 Improvement Corridors bulky item pick up throughout project area Rehabilitation of the historic Angelus Funeral Home by the Community Enhancement Council Corporation. The completed project will Public Downtown District 9 Paul R. Williams Center include a child-care center and health clinic $3,000,000 Improvement Corridors serving low-income families from the surrounding community. Total developments 'costs are $11.7 million.

Page 4 of 19 ATTACHMENT A LIST OF ACTIVITIES (INCLUDING PROGRAMS, PROJECTS) ------" - " -;, ""'~ ' Project ' Region Project Area Project Name Description CRAJLA Investment Category 0 ' ~ ' --- - - ' ~- --- ' - - - ' - ~~ ~ -~ ' ~ ~- -~~~-~- ' -- - ' '' Council 48~units of affordable housing targeting Vermont Avenue Downtown District 9 Housing grandparents that are primary caregivers for $3,000,000 Apartments Corridors their arandchildren. Located on Central Avenue between 35th Street and Martin Luther King Jr. Boulevard, Council will consist of 70 units of affordable rental Downtown 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.

Investment in infrastructure to enhance goods Council Goodyear Tract Public movement in and around the industrial tract Downtown District 9 $4,000,000 Improvements Improvement and road improvements to address flooding Corridors and other barriers to development. On-going program to provide fagade Council Business Incentive improvement grants and matching Downtown District 9 Commercial $5,000,000 Program rehabilitation loans for commercial Corridors businesses. Development of a 76,300 square foot retail Council Slauson Central Retail center, including a Northgate Gonzalez Downtown District 9 Commercial $6,500,000 Center supermarket, CVS pharmacy, and a job Corridors trainina facllitv. Master streetscape improvement plan to Council improve walkability, connect the community, Public Downtown District 9 Central Avenue Streetscape and incentivize redevelopment of vacant and $8,000,000 Improvement Corridors underutilized properties along Central Ave. between Washington Blvd. and Slauson Ave. MultiNphased project by Urban Housing 1 Council Communities to transform 29 h Street between Downtown District 9 29th Street Crossings Housing San Pedro and Griffith Avenue from industrial $9,000,000 Corridors uses to affordable housing and support Iservices for area residents. Reconfiguration of 1.5 miles of Vermont Avenue between Gage Avenue and Council Manchester Boulevard to create a 60-foot Public Downtown District 9 Vermont Median Park wide linear park in the median. This project $9,000,000 Improvement Corridors will provide 14-acres of usable park space in one of the most park-poor areas in the City of Los !1•

Council MultiNphased mixed-use affordable housing, Washington Blvd Housing Downtown District 9 Housing including 262 units and 19,00 square feet of $10,130,000 (Phases 1-4) Corridors retail on Washington Boulevard between Los Angeles Street and Maple Avenue. Support continued development of the Downtown LA Auto District through: public Council improvements; way-finding and appropriate Downtown District 9 Downtown LA Auto District Commercial off-site signage; identification of opportunity $12,000,000 Corridors sites; coordination, outreach and assistance to potential new dealerships; and identification Ishared- narkino facilities. Implementation of master streetscape plan for Council Central Avenue Streetscape Public Central Avenue between Washington Downtown District 9 $15,300,000 and Utility Underground Improvement Boulevard on the north and Slauson Avenue Corridors on the south.

Page 5 of 19 ATTACHMENT A liST OF ACTIVITIES (INCLUDING PROGRAMS, PROJECTS) ,, ' ' ' ' ' ' ' ' ' ' ' Project Region Project Area Project Name Description CRA/LA Investment Gategory ,, ,, ,, ' ~~ ~ " ' ' ' ' ' ' "' ' '

Environmental remediation and development Council of a public park, affordable housing and an Public Downtown District 9 Slauson Wall Project institutional/community use on a 7Nacre $17,000,000 Improvement Corridors industrial property, acquired by CRA/LA in 2010.

Council Development of 60 units of affordable Homeownership Downtown District 9 Housing ownership-housing on three CRAILA owned $18,000,000 Opportunity Sites Program Corridors sites.

Public Various projects to support preseiVation and Downtown Little T a kyo First Street Historic District $250,000 Improvement historic properties along First Street.

Collaboration with MTA on the site and design of the Regional Connector Station serving Public Downtown Little Tokyo Regional Connector Little Tokyo in a manner that maximizes $300,000 Improvement pedestrian access, development opportunities and minimizes commute times. Development of community based park, open Public space, arts related spaces, potential public Downtown Little Tokyo Central Avenue Art Park $1,000,000 Improvement parking and linkage to Little Tokyo Gold Line Station. Design and installation of various public improvements and sustainable features along a 3rd Street between Alameda and Los Area wide Public Public Downtown Little Tokyo Angeles. Improvements include crosswalks, $1,500,000 Improvements Improvement lighting, landscaping, street furniture, fitness elements, gateway markers, and information and way~ finding signage.

Design and installation of various public improvements and sustainable features along a 3ro Street between Alameda and Los Third Street Public Public Downtown Little Tokyo Angeles. Improvements include crosswalks, $3,000,000 Improvements Improvement lighting, landscaping, street furniture, fitness elements, gateway markers, and information and way-finding signage. Mixed-use development with retail and public Downtown Little Tokyo Avalon Bay Housing $5,500,000 oarkina. Block 8 (Related Mixed-use development with retail and public Downtown Little Tokyo Housing $5,900,000 Comnanies\ arkina. Council Development of 64 units of affordable family Paradise Baptist/Urban Downtown District 9 Housing housing and a potential charter school at $500,000 Vision Corridors 5000 South Broadwav.

Amendment of the Laurel Canyon Laurel Canyon Laurel Redevelopment Plan to include expansion of East Valley Redevelopment and Merger Plans & Studies $629,000 Canyon project area boundaries and potential merger with North with the North Hollywood Project Area.

Page 6 of 19 ATTACHMENT A LIST OF ACTIVITIES (INCLUDING PROGRAMS, PROJECTS)

~ ~ ~ ~ - - ~ Project Region Project Area Project Name Description CRA/LA Investment Category

~ _,_ ' - ~ ~ ""' ~~ ' ~'' - " - ~ - " "' - "' - Redevelopment of the 22~acre shopping Laurel Valley Plaza Shopping East Valley Commercial center located at the intersection of Laurel $1,600,000 Canyon Center Canvon and Victorv Boulevards.

Provides grants and forgivable loans to Laurel Laurel Canyon Business Business business owners and tenants to attract new East Valley $4,500,000 Canyon Assistance Program (BAP) Assistance business into the Project Area and retain existing businesses and jobs.

Rehabilitation of up to 20 storefronts Laurel Canyon Commercial including signage and landscaping on the Laurel Business East Valley Fagade and Signage east side of Laurel Canyon Boulevard $4,500,000 Canyon Assistance Program between Victory Boulevard and Burbank

Provide funding in an amount not to exceed North Response to Development $95,000 to the North Hollywood YMCA for East Valley Housing $100,000 Hollywood Opportunity construction of roof and rehabilitation of other comoonents.

Prequalification of cultural and arts North NoHo Arts Retention East Valley Plans & Studies organizations to receive funding for physical $500,000 Hollywood Program improvements and for expansion/retention.

Provides grants and forgivable loans to North North Hollywood Business Business business owners and tenants to attract new East Valley $1,900,000 Hollywood Assistance Program (BAP) Assistance business into the Project Area and retain existing businesses and jobs.

Commercial Fa~ade and Rehabilitation of 16 storefronts on Magnolia North Business East Valley Signage Program - Boulevard between Lankershim Boulevard $2,200,000 Hollywood Assistance Magnolia Boulevard and Vineland Avenue.

Development of a 1OHunit affordable homeownership project located on a ha!fwacre North East Valley Elmer Family Housing Housing CRA/LA owned site at 5623-5633 Elmer $3,100,000 Hollywood Avenue- to be developed by Heritage Housing Partners (non-profit housing developer).

Development of a 126 unit senior residential North project including 27 very !owHincome units East Valley NoHo Senior Artists Colony Housing $6,600,000 Hollywood located at 11047 Magnolia Boulevard- to be developed by Meta Housing Corp.

Pacoima/ streetscape along major corridor including Public East Valley Panorama Pacoima Streetscape sidewalks, street furniture and decorative $350,000 Improvement City crosswalks Pacoima/ Ownership: Provides soft second loans up to East Valley Home East Valley Panorama Housing $75,000 for approximately 26 income qualified $428,000 Ownership Program "HOP" Citv buvers Pacoima/ The Crossings at North Rental: 37-unit affordable multi-family housing East Valley Panorama Housing $500,000 Hills (UHC) on Sepulveda Boulevard near Tupper Street. Citv Pacoima/ Community East Valley Panorama Jeopardy Building Rebabilitation of existing facility $600,000 Facility City

Page 7 of 19 ATTACHMENT A LIST OF ACTIVITIES

park facilities

package for TCC to Crow Company two prospective users to the Sun Business Business Outreach I Commerce Center Site located at the of Branford Street and San Fernando

BAP provides loans with debt forgiveness up to $249,000 for commercial property East Valley Business and up to $75,000 for commercial East Valley Program (BAP) for use to attract expand and retain commercial businesses located within an EVR Project Area.

Participation in Business Development I Development I Business Economic Assistance Forums in the San East Valley Assistance Valley, representing the East Valley (NH, LC ,PC)

Business and implementation of EVR East Valley Retention Assistance package for AI.

Coruna Senior : 86~unit affordable senior housing on East Valley Housing $2,000,000 (META) Boulevard near Lanark Street.

: 56~unit affordable senior housing Terrace (META) bounded by Tobias Avenue, Tupper Street, and Van Nuys Boulevard.

New public facility located at 13520 West Van Nuys Boulevard in Pacoima (home to Council District 7 offices, other City setvices and a Pacoima/ square foot commercial space). Assist Panorama City of LA General Setvices Department City (GSD) develop business assistance for one prospective ground floor tenant

Sylmar Court Housing housing development

Pierce Street Villas i 24~unit affordable single family Housing (HABITAT) Carl Street and Borden Avenue.

Osborne housing development

Rental: 96-unit affordable senior housing on Sepulveda Boulevard near Tupper Street

Incentive (liP)

arts First Street Arts District Industrial Plan

Page 8 of 19 ATTACHMENT A LIST OF ACTIVITIES (INCLUDING PROGRAMS, PROJECTS) ,' ' ' ' ' ~ "-"~~ ~ ' Project Region Project Area Project Name Description CRA/LA Investment Category ' ' ' ' ' ' ' ' ~ -- ~§ ~--~ ' ' ~· ' 1 O~acre development opportunity site located Adelante 1st and Mission Design for Public Eastside across the street from the First and Utah $170,000 Eastside Development Improvement Metro Gold Line station Implementation plan for infrastructure Adelante Public necessary to redevelopment Biomed Focus Eastside Biomed Focus Area $450,000 Eastside Improvement area, including transportation, public and rivate utilities. Clean~up of one-acre CRA/LA-owned parcel Adelante Eastside ACTA Site Soils Industrial in preparation of property for industrial $1,000,000 Eastside

Development of new mixed~use artist housing Adelante Public Eastside First and Boyle across the street from Metro Gold Line $2,000,000 Eastside Improvement Mariachi Station. Adelante Eastside Whittier Apartments Industrial 60~units of affordable housing. $2,000,000 Eastside Rehabilitation of historic hotel as 51~units of Adelante Eastside Historic Boyle Hotel Housing affordable housing and ground floor $3,000,000 Eastside commercial use. Improvements to property along First Street and Cesar Chavez Avenue commercial Adelante Commercial Incentive Eastside Housing corridor in support of First Streets Arts District $5,000,000 Eastside Program Plan and Cesar Chaves Avenue Streetscape and Pedestrian Enhancements initiative. Adelante Eastside Linda Vista Industrial 200 units affordable housing $8,000,000 Eastside

Public improvements and utility Cesar Chavez Streetscape Adelante undergrounding along Cesar Chavez from Eastside and Utilities Industrial $10,000,000 Eastside Warren Street to Evergreen Avenue (1.5 Undergroundlng miles)

Ade!ante Eastside Sears Tower Housing Rehabilitation of historic department store $20,000,000 Eastside Monterey Disposition of Surplus Disposition of CRAILA owned parcels prior to Eastside Industrial $160,000 Hills Prooertv 'oroiect area close out in 2015. Area~wide Landscaping Monterey improvements and Ongoing maintenance of CRAILA owned Eastside Industrial $4,000,000 Hills Maintenance of CRAJLA property.

East Implement public improvements consisting of Hollywood & Hollywood I Vermont Avenue Public sidewalk repairs, bike racks, and design $867,000 Central Beverly Streets cape Improvement features, crosswalks and street trees. Normandie Hollywood& Hollywood Selma Hotel Commercial Development of a 136~unit boutique hotel $500,000 Central Provide financial assistance to industrial Hollywood& Public Hollywood Green Retrofit Program companies that are relocating, expanding, or $50,000 Central Improvement "greening" their operations or facilities.

Hollywood Boulevard Retail Implementation of a strategy to attract Hollywood& Business Hollywood Attraction and Retention additional resources to and physically improve $125,000 Central Assistance Strategy the project area's core commercial corridor On-going program to provide fayade Hollywood& Business Incentive Public improvement grants and matching Hollywood $250,000 Central Programs Improvement rehabilitation loans for commercial businesses.

Hollywood& HCIP~Commercial Historic Provide financial assistance to business for Hollywood Improvement $457,500 Central Storefront Grant facades improvement .

Implement design improvements and Hollywood & Hollywood Metro Bike Improvement construction of for a bicycle facility to be $465,000 Central ooerated bv Bicvcle Kitchen.

Page 9 of 19 ATTACHMENT A liST OF ACTIVITIES INCLUDING PROGRAMS PROJECTS '~ ' ' ~- ~ ~~~ ~ ' ~ '' ' ' ' ' ' '' " ' Project Region Project Area Project Name Description CRAILA Investment Category ,,, ~ ~~ ~-"'-§" ~"'--~~ ~ ' ,, ~ ~ ~ ~~~ ~- -~-- ~ ~ ' ' ' '' ' ' ' ' ' " ' ' -- ' ' ' '' ' ' ' ' Implement public improvements consisting of Hollywood & Public Hollywood Santa Monica/Western sidewalk repairs, bike racks, and design $500,000 Central Improvement features, crosswalks and street trees.

Hollywood & Public Hollywood Walk of Fame Provide improvements on the Walk of Fame $500,000 Central Improvement

Hollywood & Public Implement public improvements consisting of Hollywood Pedestrian Crossroads $1,116,300 Central Improvement sidewalk repairs, tree wells, tree planting. Hollywood & Open Space/Sustainable Public Public improvements on Hudson Plaza, De Hollywood $1,500,000 Central lmorovements Improvement Longpre/La Brea. Provide financial assistance to business to Hollywood & Business Hollywood Improvement are relocating, expanding, or "greening" their $1,750,000 Central Retention/Attraction operations.

Rehabilitation of historic resource and Hollywood & Community Hollywood Orchard Gables conversion to space for operation of cultural $1,910,900 Central Facility program and a small business office space

Implement public improvements consisting of Hollywood & Hollywood/Western Public Hollywood sidewalk repairs, bike racks, and design $2,000,000 Central Streetscape Improvement features, crosswalks and street trees. Mixed-use development to provide 300 public Hollywood & Wilcox Shrader DOT Lot - Hollywood Mixed Use parking spaces and 60-units of affordable $4,000,000 Central Mixed-Use Development housina Development of a 128,000 square feet office Hollywood & Hollywood Vine Street Tower Commercial building to serve entertainment-related $4,625,000 Central comoanies Hollywood & 120 unit affordable housing development for Hollywood 5555 Hollywood Housing Housing $4,680,000 Central seniors Hollywood & Hollywood Villas at Gower Housing 70~units of special needs housing $6,750,000 Central Pipeline of housing projects currently being underwritten; Gordon, Selma- Hollywood & Hollywood Housing Projects Pending Housing Cherokee/LAUSD and Western-Carlton are $8,800,000 Central family projects and the Step-Up projects are special needs

Hollywood & East Hollywood & 54-unit affordable housing development for Hollywood/B Coronel Housing Project Housing $5,027,000 Central families everly Normandie Hollywood & Mid-Cily Ebony Reparatory Community capital improvements $50,000 Central Corridors Theatre Facility Hollywood & Mid-Cily Community NHPAC (Art Program) capital improvements $400,000 Central Corridors Facility Rehabilitation of a 91-unit affordable housing Hollywood & Mid-Cily project with existing covenants. Phase I - Tuelyn Terrace Housing $622,000 Central Corridors provide $225,000 loan for meet fire, life, safetv auidetines. Preoare The Nate Holden Performing Arts Center (NHPAC) is a multi-use complex comprised of a theatre, a rehearsal hall/studio, an open air lobby complete with a box office and concession area, and two undeveloped retail Hollywood & Mid-Cily Community Nate Holden Theatre areas designed by John Fisher, built by $750,000 Central Corridors Facility CRAILA, owned by GSD, operated by the City's cultural Affairs Department, which in turn leases the space via a competitive bid process. Assisting the current operator, become self sufficient.

Page 10 of 19 ATTACHMENT A LIST OF ACTIVITIES INClUDING PROGRAMS PROJECTS

~ ~ ~ ~ ~ ~ ~ ~, ~ ' Project Region Project Area Project Name Description CRA/LA Investment Category ' ~ ~ ~ ' ~ ' ~ ~ ~ ' ' ~ ~

Hollywood & Mid,Cily 1 New construction of a 40-unit family Jefferson and 5 h Avenue Housing $1,500,000 Central Corridors affordable housing development. Mid-Cily public improvements to facilitate affordable Hollywood & Matching Funds for Prop Public $1,500,000 Central Corridors 1C and MTA Call Improvement housinQ development A streetscape program that includes: trees, better tree wells, permeable pavers, infill open space, neighborhood gateways, etc. The Hollywood & Mid-Cily Prop 1C & Vision Plan Public program recommends a framework of varying $1,500,000 Central Corridors Implementation Improvement street tree types, street lighting and gateways that complement the proposed land use districts.

OPA withe Charles Company to create a new Hollywood & Mid-Cily two-story, approximately 300,000 sq ft retail District Square Commercial $6,500,000 Central Corridors shopping center. CRAJLA Assistance $6.5 million site specific tax increment (SST!). The Midtown Crossings project is a 383,667 square foot retail center. CIM Group owns Hollywood & Mid-Cily the 11.9 acre site. Phase I has been Midtown Crossing Commercial $14,322,000 Central Corridors completed and Phase II is under construction. Through !he OPA, CRAILA has committed l$16.3 million to !he oroiecl. On-going program to provide favade Hollywood & Pico Union 1 Business Incentive Business improvement grants for commercial $60,000 Central and 2 Programs Assistance businesses on Pica Boulevard.

Design and development of community based Hollywood & Pico Union 1 Cesar Chavez Community Open Space I open space, including decorative gate and $90,000 Central and 2 Garden Parks walkway.

Rehabilitation of two historic homes for the Hollywood & Pice Union 1 Casas Alicia Move~on operation of an educational and construction Mixed Use $100,000 Central and 2 Project trade apprenticeship program on CRAILA owned land at 1115-1129 S. Alvarado Street

Hollywood& Pico Union 1 Nuevo Pico Union Scattered Rehabilitation of four, four unit buildings Housing $530,000 Central and 2 Sites restricted to 60% AML On-going program to provide favade Hollywood& Pico Union 1 Residential Incentive improvement grants for residential property Housing $550,000 Central and 2 Programs owners to support the preservation and historic orooerties in Pico Union. Demolition of existing blighted buildings and Hollywood& Pice Union 1 11th & Burlington Housing new construction of 25-units of affordable $750,000 Central and 2 Apartments housing.

Design and installation of various public Hollywood& Pico Union 1 Pico Boulevard Streetscape Public improvements including monument signs and $2,000,000 Central and 2 Improvements Improvement gateway markers.

Determine the feasibility of a merchant or Hollywood& Business property owner based bid, and coordinate the Westlake MacArthur Park BID $60,000 Central Assistance formal adoption process necessary to establish the MacArthur Park BID. Various public improvements along the 7th Hollywood& 7th Street Streetscape Public Westlake corridor, including trash receptacles, street $75,000 Central Improvement Improvements tree replacement, and sidewalk repairs.

Page 11 of 19 ATIACHMENTA LIST Of ACTIVITIES INCLUDING PROGRAMS PROJECTS ~ ~~ ~ ~~~ ;;:::__' " " " " " "" " "" " Project Region Project Area Project Name Description CRA/LA Investment Category " rc: A " '~*~ " " " '" " " ' " " ' !Assist with the construction of the Archbishop lascar Romero Plaza at the southeast corner of I Park. The Project consists of & Oscar Romero I I ~~~-~~ Space I •~:=' , bronze statue in honor of $100,000 Central IPlaza ,P~rks Romero; a spire with ascending Idoves; '. stone benches; and other

I v• ,-"vi,'" program to provide fagade & Incentive 'RH

I of 89 units u"•uuo'""' 1_5,540 sq.- retail space with 91 spaces of & Park Metro I I I Mixed Use lrequi_re~residential parking, plus 100 $1 .•nn nnn Central jMixed Use Development parking spaces and 42 retail loarkino spaces. INew• 1 of 68 ' family , plus community room, multiN & I 17th & Coronado Apartments lp~rpos~ room, child-

I i •'" I & IPublic :center I ., Program improving alley for pedestrian safety and use ""O,onn Central ... lA consultant team will conduct audits of iexisti~g buildings to create a database of a 1 I & :carbon Master Plan/Green io, i !sample set of existing buildings' energy lcen;;;·l <102,onn Central Retrofit Program nOO

I i '"""'"r of , J from CRAILA to BSS for I & :sth Street and Western IPublic Icenter I the widening of 51h Street and Western l at the , '"'., .aao• corner of I & at 5th • Street IPublic Icenter I vtt::>LI:III property frontage of

Page 12 of 19 ATIACHMENTA LIST OF ACTIVITIES (INCLUDING PROGRAMS, PROJECTS

~ ~ ~ ~ ~ ~ ' ~ ~ Project ' Region Project Area Project Name Description CRA/LA Investment Category ~- ~~ --- ~ ' ~ ' ~ '~ -h ~- - ~ ~ ~~--= ~ ~ -~ " ~ '~ ' '' ~' Wilshire Hollywood& Western Avenue Public Public streetscape along major corridor including Center I $1,000,000 Central Improvements Improvement trees and art work Korea town Wilshire CRAJLA acquired the 3,648 sq ft vacant lot for Hollywood& Open Space I Center I Wilton Place Park $640,000 on January 25, 2008. The $1,175,000 Central Parks Koreatown construction drawings have been completed. Juanita Villas, a permanent supportive housing project to be developed by People Assisting the Homeless (PATH) and the Wilshire Related Companies, is located at 335w339 Hollywood & Center I Juanita Villas Housing Juanita Avenue, Los Angeles, CA 90004. $1,500,000 Central Koreatown Once the project is constructed, it will include 49 single room occupancy (SRO) units for homeless, disabled, and low income

Wilshire Hollywood & Vermont Avenue Public Public streetscape along major corridor including Center I $2,000,000 Central Improvements Improvement trees and art work Koreatown The project is being developed by the Koreatown Senior and Community Center, Inc. and the Korean American Federation of Wilshire Koreatown Senior and Hollywood & Community Los Angeles. The CRAILA staff anticipates Center I Community Center I $3,000,000 Central Facility seeking authorization from the Board of Koreatown Madang Pi-oject Commissioners soon to enter into a $1.3 million community service grant for this senior citizen center in heart of Koreatown. Wilshire Hollywood & KRC/Kingsley Senior Center I Housing affordable housing development $3,000,000 Central Apartments Koreatown Wilshire Hollywood & affordable housing component of mixed Center I Wilshire Gateway Housing $3,000,000 Central income development Koreatown Acquisition of municipal lot 692 (sw corner of Wilshire 1 Hollywood & 6th Street and Vermont Public 6 h Street and Vermont) from LA GSD for the Center I $3,170,000 Central Avenue Acquisition Improvement Koreatown purpose of a Korean American Museum or Cultural Center Acquisition of real property from the Dept. of Wilshire LADOT Municipal Parking Hollywood & Community General Services for the development of a Center I Lot 692 (6th Avenue and $3,174,000 Central Facility new Korean American Museum, located at Koreatown Vermont) 601 South Vermont Avenue. Wilshire Hollywood & Olympic Boulevard & Center I Housing affordable housing development $3,250,000 Central Catalina Street Koreatown A 52~unit affordable housing development Wilshire that will be located at 1037~1053 S. New Hollywood & New Hampshire Family Center I Housing Hampshire Avenue. The 23,640 SF lot will $3,575,000 Central Apartments Koreatown also include approximately 3,000 SF of social service snace. Wilshire Hollywood & Center I 979 Serrano Avenue Housing affordable housing development $4,000,000 Central Koreatown A significant streetscape project which includes: pedestrian Improvements at intersections, pothole/sidewalk/curb/gutter Wilshire repairs, and pedestrian lighting, Hollywood & Olympic Boulevard Public Center I trash/recycling bins both ends of every block, $4,000,000 Central Streetscape Improvement Koreatown trees, and other elements to eliminate blight in the public infrastructure. The thoughtful design emphasizes elements prevalent within the Korean culture. Wilshire Hollywood & 79 unit family affordalbe housing development Center I 1011 Serrano Avenue Housing $5,000,000 Central proposed by Affrimed using bounus densitiy. Koreatown

Page 13 of 19 ATIACHMENTA LIST OF ACTIVITIES (INCLUDING PROGRAMS, PROJECTS ~ ~ ~ ~ ,- "--~"<~- "" Project Region Project Area Project Name Description CRA/LA Investment Category

~ ~ ~ ~ ~ ~ ~~ ~ ~-~~ "~~ -~"-~ -~"-' ~~-~ -~~ ~ ~- - - - ' - ' ' - - -~- ~ "- --- I I & 6th Street and Normandie Center I .. , housing development « nnnnn, Icentral Mental Health Housing

Hollywood & site, 67-unit senior affordable Center I LDK Senior Apartments <<> nnn nnn Central .• hnm~ing project. Board approved.

'Board and Council ~"" J a $5.25 Hollywood & million loan for relocation of the existing Center I Terrace <<> ?<>n,nnn Central .• tenants and the new construction of 66-units "' of • housino.

New ~-story approx 30K SF community Hollywood & facility w/adjacent 3-story parking Center. YMCA "'"

Hollywood & ()pen Space I i design, construction and Center I 7th and Hobart Park $7,000,000 Central Parks i of public park

Hollywood & ()pen Space I 7th and Hobart- acquisition, design and I Prop 84 Parks $7,000,000 Central Parks neighborhoood park

Hollywood & r, nit) r, ""' of a community facility in order Center I American Museaum $7,500,000 Central Facility to reflect the cultural diversity of community

Gou,nuOit) land_ acquisition and building of parking Center. Boys & Girls Club $9,000,000 ~~~~ra~od & Facility I

I & American ,-,, nit) land acquisition and building of parking Center I $10,000,000 lcen'tral Center Facility i

Hollywood & ~p~n Space I of a public park to serve the Center I , ovvv..-. and Wilshire Park $12,000,000 lcen'tral Parks i, '::1 community ,;,.1 •nlonlhe: Hollywood & I Normandie Retail I I and Normandie; office and $15,000,000 !central -·· corner ~frelail ~50 rental units and 40,000 sq.ft. of ground Hollywood& Center. Vermont Mixed Use floor il We should also add $7 million to $17,500,000 !Central "'' lhe 7th and Hobart oark site oer CD10. of strategic commercial site for of Hollywood& 1 and development of a mixed use Center I for mixed Mixed Use $20,000,000 central ~roject. $5,000,000 of Prop 84 funds I use development for; i<>jti..- of park area on site.

Hollywood& Retail Center I "'' Mixed Use project with retail component and housing

8th Street Public Improvements- $4,000,000; 6th Street Public Improvements- $4,000,000;

Avenue Public Improvements M <1 n non non· Vermont Avenue Public & Public Center I Projects - $12,000,000; Alley $31 Ann,nnn lc~~;;~1 Program- $150,000; Parkway Program- $150,000; Industrial Core i Program - $600,000, Alley .vn ,.,v, Program $150,000 Parkway Program, $150,000, Industrial Core i i

Los Angeles Public off-site parking locations and trolley I Trolley Service <1 nnn nnn Harbor Street """" service- around Port and DT San Pedro provide ~ubsidy to 80120 deal or otherpro,!ect Los Angeles Rental Project u, outside will

Page 14 of 19 ATIACHMENTA LIST OF ACTIVITIES INCLUDING PROGRAMS PROJECTS

0 0 ~ ~ 0 ~ ~ 0 0 ~ ~ 0 ~ ~ ~ ~ Project Region Project Area Project Name Description GRA/LA Investment Categocy " " " " " ""- ~~"~~~-~~~ 0" " " " ~~ ~ ~ "~ Los Angeles Beacon ubhc Parking Garage Acquisition construction of parking garage $30,000,000 Harbor Street Improvement

Two~phased project consisting of E Street Los Angeles LA 3200 Alameda Harcy Public Gateway, Eubank Gateway, and landscaped LA Harbor $2,400,000 Harbor Bridges Landscape Buffer Improvement bugger along Alameda from Anaheim to Harry Bridges.

Design and update website promoting LA Harbor & Los Angeles Web site updating & grant Wilmington Industrial Area & develop grant Wilmington Industrial $200,000 Harbor writing applications for funding of public Industrial improvements and other competitive projects

LA Harbor & Remediation of contaminated property and Los Angeles Block 27 Industrial Wilmington Industrial major expansion of existing cold storage $300,000 Harbor Development Industrial business. LA Harbor & Design and construct traffic safety devices for Los Angeles Public Wilmington E Street and MacFarland train tracks along this street and vacate the $700,000 Harbor Improvement Industrial street for vehicular use LA Harbor & Acquire land outside project area to develop Los Angeles Wilmington Affordable Rental project Housing more affordable family housing in the $1,400,000 Harbor Industrial Wilminoton Area LA Harbor & Los Angeles Land Lecourveur for sale Wilmington Housing For sale affordable housing $1,500,000 Harbor project Industrial LA Harbor & Los Angeles Implement a soft second program for the Wilmington Soft Second Program Housing $2,000,000 Harbor Wilmington Area Industrial LA Harbor & Design improvements to prevent flooding Los Angeles Alameda Storm Drain Wilmington Plans & Studies along Alameda (includes adding storm drains $2,500,000 Harbor Improvements Industrial and street reconstruction) LA Harbor& Los Angeles Assist in acquisition of land and development Wilmington Block 22,23,24 (3-acre site) Industrial $5,000,000 Harbor for up to 75,000 square feet of new industrial Industrial

LA Harbor & Los Angeles New construction of industrial development in Wilmington Block 25 Industrial $5,000,000 Harbor the Wilmington Area (at least 3 acres) Industrial

LA Harbor & Eubank/Alameda Los Angeles New construction of industrial development in Wilmington Opportunity Site (Block 38, Industrial $5,000,000 Harbor the Wilmington Area (at least 5 acres) Industrial 45, and 54)

LA Harbor & Design, obtain permits and construct street Los Angeles Improve all Unimproved Public Wilmington improvements along Banning, Lecourveur, $7,000,000 Harbor Streets in Wilmington Improvement Industrial Lakme, Pioneer, Quay, F Street and C Street

LA Harbor & Los Angeles Quay/Banning Opportunity New construction of industrial development in Wilmington Industrial $10,000,000 Harbor Sites (Block 15,30 and 31) the Wilmington Area (at least 8 acres) Industrial

Los Angeles Pacific 1 Commerical incentive loans for retenanting 222 W. 6 h Street Industrial $2,000,000 Harbor Corridors buildina Los Angeles Pacific Develop theater as prominent venue for Grand Vision Theater Commercial $2,000,000 Harbor Corridors events, etc.

Los Angeles Pacific 3rd and Pacific Affordable Development of affordable family housing with Housing $2,500,000 Harbor Corridors Housing ground floor community space.

Page 15 of 19 ATIACHMENTA LIST OF ACTIVITIES INCLUDING PROGRAMS, PROJECTS) ' ' ' ' ' ' ' ' Project Region Project Area Project Name Description CRAILA Investment Category ~ ~v~ ,, ' ,_ _, ' " ' ' ' ' ' ' ' '' ' ' ' ' - - ~ - ~ Improvements to Oliver Street pedestrian overpass across Gaffey Street at the 110 Los Angeles Pacific Public Gaffey Street Bridge Freeway, and development of adjacent open $3,500,000 Harbor Corridors Improvement space to enhance primary gateway to Downtown San Pedro. Los Angeles Pacific Home Rehabilitation Assist with rehabilitation of historic homes in Housing $5,000,000 Harbor Corridors Proaram Vineaar Hill Area

Los Angeles Pacific Various programs and project to attract new Retail Attraction Program Commercial $5,000,000 Harbor Corridors retail to vacant space along Pacific Avenue.

Develop neighborhood shopping center Los Angeles Pacific Neighborhood Shopping across from the cruise terminal on Caltrans Commercial $10,000,000 Harbor Corridors Center and privately owned property (at least 8 acre~) Los Angeles Pacific lndentify and acquire at least 2 blocks within Opportunity Sites Commercial $17,000,000 Harbor Corridors DT San Pedro for mixed use development Mixed-use development consisting of 2,800 South Los Broadway Milan Affordable housing Housing sq. ft. of commercial, with 16 affordable $1,000,000 Angeles Manchester townhouse units. South Los Broadway Sheenway Heritage Charter Community 30,400 sq. ft. Charter High School with 61 $1,000,000 Angeles Manchester Hiah School Facility surface parking spaces. Proposed mixed-use development to consist of supermarket. senior affordable rental units, South Los Broadway and detached for-sale town homes. AM CAL is 94th & Broadway Mixed Use $291,800 Angeles Manchester the master developer Current DDA with AMCAL consists of antiquated project description of only for-sale housing.

Provide assistance to industrial companies South Los Broadway Industrial Corridor Industrial that are seeking to maintain, expand or $840,500 Angeles Manchester Business Improvements relocate to the area

South Los Baldwin Hills Crenshaw Crenshaw Commercial Multi-phase redevelopment of regional mall $1,000,000 Anaeles Mall South Los Crenshaw Corridor Prop 1C Public Funds awarded by state for Public Crenshaw $14,000,000 Angeles Public Improvements Improvement improvements South Los Community Phased renovation! reconstruction of historic Crenshaw Vision theater $1,000,000 Anaeles Facilitv faci!itv. Develop streetscape, public art and transit South Los Public plan for Crenshaw Blvd, working with other Crenshaw Crenshaw Transit Corridor $30,000 Angeles Improvement departments such as Metro, City Planning, LA DOT, etc.

Expand Business Improvement District north South Los Business Improvement Business Crenshaw into Mid City Project Area and South into $45,000 Angeles District Assistance Crenshaw Slauson South Los Crenshaw Buckingham Housing Senior Affordable housing Development $276,900 AnQeles

South Los 22-acre site slated for mixed-use Crenshaw Mixed Use $1,977,000 Angeles development

Expand Business Improvement District north South Los Crenshaw Business Improvement Business into Mid City Project Area and South into $500,000 Angeles Slauson District Assistance Crenshaw Slauson

Page 16 of 19 ATIACHMENTA LIST OF ACTIVITIES (INCLUDING PROGRAMS PROJECTS ~ ~ ~ ~ " ' ~, ~ ' ' ' ' ' Project ' Region Project Area Project Name Description CRA/LA Investment Category - ~"- ~ ~ fu '~"" ~<~ ~~ ' '~ '" " ~ ~~ ~"~-»:;; ' ' ~ " "' ~ ' ' "~' ' ' - Develop streetscape, public art and transit South Los Crenshaw Public plan for Crenshaw Blvd, working with other Crenshaw Transit Corridor $100,300 Angeles Slauson Improvement departments such as Metro, City Planning, LA DOT, etc. South Los Crenshaw Business Grants to food providers to expand or Healthy Food Initiative $250,000 AnQeles Slauson Assistance renovate property South Los Crenshaw Business Renew Program Market conversion $250,000 Anoeles Slauson Assistance South Los Crenshaw Former library site, slated for residential Hyde Park Library Site Housing $332,900 Anoeles Slauson development.

On~going program to provide fa~:ade South Los Crenshaw Business Incentive Business improvement grants for commercial $1,000,000 Angeles Slauson Program Assistance businesses along Slauson and Crenshaw Blvd.

Exposition I Mixed use development consisting of 30 units South Los 511 West 31st Street Mixed University Mixed Use with 865 sq. ft. of commercial space and 63 $500,000 Angeles Use Park parking spaces.

Exposition I South Los A 32 one~bedroom Project for senior citizens University Stovall Villa Housing $250,000 Angeles including a Park The mixedMuse project consists of 83,000 Exposition I South Los square feet of commercial use on the first University University Gateway Mixed Use $500,000 Angeles floor, 421 dwelling units and 770 onMsite Park I oarkina soaces at Exposition I South Los Development of a master plan to build out the University USC Master Plan Plans & Studies $150,000 Angeles USC campus Park Exposition I South Los Vermont Seniors Project is a new 140 unit senior housing University Housing $1,000,000 Angeles Apartments development Park Casa de Rosas is a transitional shelter, consisting of 18 shelter beds and 32 SRO Exposition I South Los Community units for very low income individuals. The University Casa de Rosas $795,900 Angeles Facility building was recently acquired by CRA/LA Park through a foreclosure permanent owneflonerator. Improve pedestrian access to the new Expo Exposition I 2009 MTA Call for Projects Light Rail station on Vermont Avenue by South Los Public University and Figueroa Corridor Prop. installing sidewalks, landscaping and lighting $1,000,000 Angeles Improvement Park 1C Grant along Bill Robertson Lane (formerly Menlo Avenue) and Martin Luther King, Jr. Blvd. CRA purchased 34,000 sf parcel from City for Exposition I South Los Exposition Park Surplus the purpose to redevelop property into a University Mixed Use $1,000,000 Angeles Library Site mixed-use or commercial project. Property is Park located across the street from USC.

Exposition I On-going program to provide fa~ade South Los Business Incentive Business University improvement grants for commercial $1,600,000 Angeles Program Assistance Park businesses.

Disposition and development of site into adult South Los Community Normandie 5 Engine House 18 art center for developmentally challenged $500,000 Angeles Facility individuals Construction of pedestrian and transit amenities, including the installation and/or South Los Public Normandie 5 West Adams Streetscape enhancement of landscaping, gateway $150,000 Angeles Improvement signage, crosswalks and bus stops, as well as other necessary work.

Page 17 of 19 ATIACHMENTA LIST OF ACTIVITIES (INCLUDING PROGRAMS, PROJECTS) "" " " '~ " ' """:: ~ ~ ~~"' ' ' ' ' "" " " ' " ' "' Project Region Project Area Project Name Description CRAJLA Investment Category _,, ,,, " ~,_.- ~ ~~-=~ ,, ' ,, ~~~ ~ ' ,, .~ ' ' ' ' ' ' "' ' ' ' " ' ' ' ' ' " Services provided by the Los Angles South Los Public Conservation Corp include: sidewalk and Normandie 5 Clean and Green Program $200,000 Angeles Improvement street cleaning; litter removal; removal of trash from receptacles; graffiti removal; etc.

South Los Development of approximately 50 units of Normandie 5 Jefferson Park Terrace Commercial $678,500 Angeles affordable housing project on Fatburger Site

Onwgoing program to provide fa~de South Los Business Incentive Business Normandie 5 improvement grants for commercial $1,300,000 Angeles Program Assistance businesses.

Sidewalk, curb and gutter repair and tree South Los Areawide Improvements Public Normandie 5 pruning/removal in eastern portion of Project $1,760,000 Angeles Phase 1 Improvement Area. Potential amendments and merger to 7 existing project areas in South LA: Crenshaw, South Los Plan Updates and Merger of Crenshaw/Siauson, Broadway/Manchester, Region Wide Plans & Studies $600,000 Angeles 7 existing project areas Vermont/Manchester, Western/Siauson, Normandie 5 and Exposition/University Park Project Areas.

South Los 30 Simulation of Project UCLA urban simulation of Expo, Crenshaw Region Wide Plans & Studies $700,000 Angeles Areas and Crenshaw Slauson

$15,000 conditional grants to eligible Exterior Residential South Los homeowners in participating project areas Region Wide Rehabilitation Pilot Housing $1,900,000 Angeles (CR,CS,N5, WS, Expo, MC, and VM) for Program (ERRP) eligible exterior renovations.

South Los Vermont Business Renew Program assistance for small business owners $200,000 Anaeles Manchester Assistance Development of a community shopping center South Los Vermont Vermont Manchester Commercial w/grocery store and other ancillary retail $240,000 Angeles Manchester Shopping Center stores. CRA!LA is seeking to develop the site into a South Los Vermont Johanna G. Sutton Library commercial/medical office use. Kaiser Commercial $738,400 Angeles Manchester Site Permanente is building a $10 million, two~ storv medical office build inn nearbv.

Property sale or conveyance of CRA!LA South Los Disposition of Surplus Watts Plans & Studies owned parcels (project area to close out in $53,400 Angeles Property 2012)

Extension of affordable housing covenants at South Los Extension of Affordable several housing complexes previously Watts Housing $525,700 Angeles Housing Covenants developed in partnership with CRA!LA Extensions to be realized throuah one~time

South Los Watts Wattstar Theatre Commercia! 35,000 sq. ft theatre & education center $598,000 Angeles

South Los Watts 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 Name Description CRA!LA Investment Category

,, ~ M~ ~~ ~ ,0 =~~-~"~~-~ ~-) " -"~ M ~ w - - " ~ " - " - " ' ' ' " ' " ' ' Development (of) South Los Watts 1 1 Open Space I Opportunity Site at 108 h Redevelopment of half~acre vacant lot $500,000 Angeles Corridors Parks Wilmington

South Los Watts Response to Housing Response to developer and property owner Housing $525,000 Angeles Corridors Opportunities inquiries for affordable housing development

Implement first phase in a series of South Los Watts Central Avenue Streetscape Public 1 streetscape improvements between 103 d St. $889,000 Angeles Corridors Improvements Improvement & Central Avenue. Amendment to expand existing boundaries of existing project area, extend the time period South Los Watts Watts Corridors Plan for eminent domain in the existing project Plans & Studies $895,000 Angeles Corridors Amendment area, and establish eminent domain on non~ residential properties in the expanded boundaries. South Los Western Business Improvement Business Transfer funds to City Clerk to create BID in $60,000 Anoeles Slauson District Assistance Industrial Business Park South Los Western ERRP Phase2 Housing affordable housing projects $800,000 Anaeles Slauson Construction of pedestrian pathways; park; pedestrian bridge; decorative gates and Reseda I Public West Valley Reseda River Loop bikeways along the Los Angeles River $275,000 Canoga Park Improvement confluence with Aliso Creek. Developer - Trust for Public Lands Adaptive reuse of 50-year old abandoned theater and adjacent vacant lot, both are Reseda I West Valley Reseda Theater Mixed Use owned by CRAILA. $1,000,000 Canoga Park

Reconstruction of alley ways in the Reseda Reseda I West Valley Alley Public Business District to improve traffic circulation, West Valley $1,000,000 Canoga Park Reconstruction - Reseda Improvement access to businesses and neighborhood aesthetics.

Beautification and reconstruction of medians Reseda I Public and installation of new streetscape West Valley Reseda Streetscapes $2,000,000 Canoga Park Improvement improvements in the Reseda Central Business District.

Reseda I Open Space/ Re~construction of 80 year old Reseda Park West Valley Reseda Park Pool $2,280,000 Canoga Park Parks Pool.

77 unit multi-family affordable housing project; Reseda I 18425 Kittridge Street West Valley Housing located across from LA River; Developer - $4,000,000 Canoga Park Affordable Housing Abode Communities.

Reseda I 73 unit multi-family affordable housing project; West Valley Sherman Village Housing $4,400,000 Canoga Park LEED Silver; Developer- Meta Housing.

Rehabilitation of 42 unit multi~famity West Valley The Crossings on Amigo Housing affordable housing apartment; Developer - $5,900,000 ~:~~d:g ~ark .. Ub H • c TOTAL: $1,074,255,900

Page19 of 19 iiDRAFT

COOPERATION AGREEMENT FOR PAYMENT OF COSTS ASSOCIATED WITH CERTAIN RDA FUNDED CAPITAL IMPROVEMENTS, PUBLIC IMPROVEMENTS AND AFFORDABLE HOUSING PROJECTS

THIS COOPERATION AGREEMENT (the "Agreement") is entered into this day of January, 2011, by and between the CITY OF LOS ANGELES (the "City") and the REDEVELOPMENT AGENCY OF THE CITY OF LOS ANGELES (the "Agency"), with reference to the following facts:

A. The Agency has prepared Redevelopment Plans for the thirty one Redevelopment Project Areas (the "Project Areas"), which results in the allocation of taxes from the Project Areas to the Agency for purposes of redevelopment.

B. The intent of the Redevelopment Plans is, in part, to provide for the construction and installation of necessary public infrastructure and facilities and to facilitate the repair, restoration and/or replacement of existing public facilities and to perform specific actions necessary to promote 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 take all other necessary actions to implement the redevelopment plans for the respective Project Areas and to expend tax increment to accomplish the goals and objectives of the respective redevelopment projects.

C. The Agency has adopted its Five-Year Implementation Plans for the Project Areas, as amended from time to time (the "Plans") with established goals to support affordable housing, economic development, community revitalization, commercial revitalization, and institutional revitalization. To implement the programs and activities associated with each goal, the Agency has made redevelopment fund commitments based on estimated available tax increment revenue and debt financing structures.

D. Pursuant to California Redevelopment law, section 33220, certain public bodies, including the City may aid and cooperate in the plarming, undertaking, construction, or operation of redevelopment projects. Collectively, the projects associated with this Agreement are listed in the attached Exhibit 1, which are incorporated herein by this reference (the "Projects"). The programs and activitieitassociated with the Projects include but are not limited to acquisition and disposition of property, development of design criteria, design, plarming, preparation of construction bid documents, financial analysis, financing and new construction or rehabilitation. To carry out the Projects in accordance with the objectives and purposes of the redevelopment plans for the Project Areas and the Plans, the Agency desires assistance and cooperation in the implementation and completion of the Projects. The City agrees to aid the Agency and cooperate with the Agency to expeditiously implement the Projects in accordance with the redevelopment plans for the Project Areas and the Plans and undertake and complete all actions necessary or appropriate to ensure that the objectives of the redevelopment plans for the Project Areas and the

Page 1 Plan are fulfilled within the time effectiveness of the Project Areas. The Redevelopment Plans and 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 of the Projects, the Agency wishes to enter into this Agreement with the City for the pledge of net available tax increment to finance the Projects. The purpose of this Agreement is to facilitate the implementation of the Projects and to provide funding necessary to effectuate the completion of the Projects with net available tax increment in this current fiscal year and forthcoming fiscal years.

F. Net available tax increment is defined as any tax increment, net of existing debt service payments, and existing contractual obligations received by the Agency or any lawful successor ofthe Agency and/or to any of the powers and rights of the Agency pursuant to any applicable constitutional 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 payments authorized and incurred pursuant to Section 33445 and other applicable statutes. The obligations set forth in this Agreement will be contractual obligations that, if breached, will subject the Agency to damages and other liabilities or remedies.

G. The City Council (the "Council") and the Agency by resolution will find or have found that the use of Agency redevelopment funding for the publically owned improvements is in accordance 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 other applicable law. The said Council and Agency resolutions are each based on the authority of the Agency, with the consent of the Council, to pay all or part of the cost of the installation and construction of any facility, structure, or other improvements which is publicly owned either within 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 of net available tax increment from the Project Areas to pay for the Projects.

I. The obligations of the Agency under this Agreement shall constitute an indebtedness of the 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

The recitals above are an integral part of this Agreement and set forth the intentions of the parties and the premises on which the parties have decided to enter into this Agreement and are 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 incorporated herein 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 the planning, acquisition and disposition, financing, development, permitting, design, site testing, bidding, construction and construction management of the Projects. The Agency's obligations under this Agreement, including without limitation the Agency's obligation to make the payments to the City required by this Agreement, shall constitute an indebtedness of the Agency for the purpose of carrying out the redevelopment of the Project Areas and are obligations to make 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, if breached, 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 tax increment, as defined in the above recitals and/or as defined or provided for in any applicable constitutional 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 allocated to the Agency and/or any lawful successor entity of the Agency and/or any entity established by law to carry out any of the redevelopment plans for the Project Areas and/or expend tax increment or pay indebtedness of the Agency to be repaid with tax increment, pursuant to Section 33670, et seq., of the California Community Redevelopment Law or any applicable constitutional 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 and incorporated herein by this reference.

The indebtedness of Agency under this Agreement shall be subordinate to the rights of the holder or holders of any existing bonds, notes or other instruments of indebtedness (all referred to herein as "indebtedness") of the Agency incurred or issued to finance the Redevelopment Project Areas, including without limitation any pledge of tax increment revenues from the Redevelopment Project Areas to pay any pmiion of the principal (and otherwise comply with the obligations and covenants) of any bond or bonds issued or sold by Agency with respect to the Redevelopment Project Areas.

All payments due to be made by the Agency to the City under this Agreement shall be made by the Agency in accordance with the schedule set forth in Exhibit 2 and as otherwise necessary to reimburse the City for the cost to the City of performing its obligations hereunder. City shall provide Agency with a quarterly report accompanied by evidence reasonably · satisfactory to the Agency's Chief Executive Officer that the City has progressed in the development and construction of the Project for which payment is made by the Agency commensurate with such payments and has incurred costs or obligations to make payments equal to or greater than such amount

---~ --·-- ' III. CITY'S OBLIGATIONS

I. The City shall accept any funds offered by the Agency pursuant to this Agreement and shall devote those funds to completion of the Projects by (i) reimbursing the City or using such funds to make City expenditures to perform the work required to carry out and complete the Projects; (ii) utilizing such funds to pay debt service on bonds or other indebtedness or obligations 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 purpose of satisfYing the obligations of the City hereunder.

2. It is the responsibility of City to pay all development and construction costs in connection with 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 applicable provisions of federal, state and local laws, including the obligation to comply with environmental laws such as CEQA, and shall timely complete the work required for each Project in accordance with the Schedule of Performance attached hereto as Exhibit 3 and incorporated herein by this reference.

IV. Liability and Indemnification

In contemplation of the provisions of California Government Code Section 895.2 imposing certain tort liability jointly upon public entities solely by reason of such entities being parties to an agreement as defined by Government Code Section 895, the parties hereto, as between themselves, pursuant to the authorization contained in Government Code Sections 895.4 and 895 .6, shall each assume the full liability imposed upon it, or any of its officers, agents or employees, by law for injury caused by negligent or wrongful acts or omissions occurring in the performance of this Agreement to the same extent that such liability would be imposed in the absence of Government Code Section 895.2. To achieve the above-stated purpose, each party indemnifies, defends and holds harmless the other party for any liability, losses, cost or expenses that may be incurred by such other party solely by reason of Governn1ent 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 an original. This Agreement consists of U pages, which constitute the entire understanding and agreement of the 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 the subject matter of this Agreement. · ' fm'f"A'g~~ment is intended solely for the benefit of the Cityandthe Agency. Notwithstanding any reference in this Agreement to persons or entities other than the City and the Agency, there shall be nothird party beneficiaries under this Agreement.

All waivers of the provisions of this Agreement and all amendments to this Agreement must be in 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 competent jurisdiction to be invalid, void or unenforceable, the remainder of the provisions shall continue in

Page 4 full force and effect unless fue rights and obligations of the parties have been materially altered or abridged by such invalidation, voiding or unenforceability.

VII. DEFAULT

If either party fails to perform or adequately perfonn an obligation required by this Agreement within fuirty (30) calendar days of receiving written notice from the non-defaulting party, 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 enforce the provisions of this contract, including without limitation fue right to sue for damages for breach of contract. The rights and remedies of the non-defaulting party enumerated in this paragraph are cumulative and shall not limit the non-defaulting party's rights under any oilier provision of this Agreement, or otherwise waive or deny any right or remedy, at law or in equity, existing as of fue date of the Agreement or hereinafter enacted or established, that may be available to the non-defaulting party against the defaulting party. All notices of defaults shall clearly 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 of fue 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 upon reasonable cause. In addition, fue City may eliminate any project identified in Exhibit 1, in the event that such project is deemed not reasonably feasible.

X. TERM

This Agreement shall remain in effect nntil the City has completed the projects identified and as amended, from time to time.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first set forth above.

" ...... w,,.,,., ltt:;;t.-.::;::: . L 3!Jlllll!tiirr "iW""' ·=m"'· · ·<·"""'~-·..,:..;....,.. = Attest: CITY OF LOS ANGELES

By:--=--=---=-----­ By:------City Clerk

Page 5 Attest: REDEVELOPMENT AGENCY OF THE CITY OF LOS ANGELES

By: ______By: ______Secretary

APPROVED AS TO FORM:

By: By: -=-~------CRAJ.~L~A~G~e-n-er-a7IC~onn-s~el______City Attorney City Attorney

APPROVED AS TO FORM: Kane Ballmer & Berkman

By: ______

Agency Special Counsel

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