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File #: 2018-832    Version: 1 Name:
Type: Discussion Status: Agenda Ready
File created: 11/1/2018 In control: Carson Reclamation Authority
On agenda: 11/7/2018 Final action:
Title: CONSIDER AN EXCLUSIVE RIGHT TO NEGOTIATE WITH GRAPEVINE DEVELOPMENT, LLC, FOR THE DEVELOPMENT OF A HOSPITALITY-ENTERTAINMENT CENTER ON CELL 1 OF A 157-ACRE PARCEL OWNED BY THE CARSON RECLAMATION AUTHORITY, THE FORMER CAL-COMPACT LANDFILL, AND A TIME-LIMITED RIGHT TO PROPOSE ON CELLS 3, 4, AND 5; AND, A DEPOSIT AND REIMBURSEMENT AGREEMENT AMONG THE CITY OF CARSON, THE CARSON RECLAMATION AUTHORITY AND GRAPEVINE DEVELOPMENT, LLC
Attachments: 1. Carson - Exclusive Right to Negotiate Agreement (Grapevine) (4), 2. CRA- Deposit and Reimbursement Agreement (Grapevine)
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Report to Carson Reclamation Authority
Wednesday, November 07, 2018
Discussion


SUBJECT:
Title
CONSIDER AN EXCLUSIVE RIGHT TO NEGOTIATE WITH GRAPEVINE DEVELOPMENT, LLC, FOR THE DEVELOPMENT OF A HOSPITALITY-ENTERTAINMENT CENTER ON CELL 1 OF A 157-ACRE PARCEL OWNED BY THE CARSON RECLAMATION AUTHORITY, THE FORMER CAL-COMPACT LANDFILL, AND A TIME-LIMITED RIGHT TO PROPOSE ON CELLS 3, 4, AND 5; AND, A DEPOSIT AND REIMBURSEMENT AGREEMENT AMONG THE CITY OF CARSON, THE CARSON RECLAMATION AUTHORITY AND GRAPEVINE DEVELOPMENT, LLC

Body
I. SUMMARY


The Authority is being asked to consider entering into an Exclusive Right to Negotiate Agreement (the "ENA") and a Deposit and Reimbursement Agreement with Grapevine Development, LLC of Sherman Oaks, California ("Grapevine") for the development of a hospitality and regional entertainment center on Cell 1 of the 157-Acre Former Cal Compact Landfill and a time-limited right to propose on Cells 3, 4, and 5. The terms are described below.


II. RECOMMENDATION
Recommendation

1. APPROVE an Exclusive Negotiating Agreement with Grapevine, LLC
2. APPROVE a Deposit and Reimbursement Agreement Among the City of Carson, the Carson Reclamation Authority and Grapevine Development, LLC
3. AUTHORIZE the Chairman and if necessary the City Manager to execute all documents related to the Agreements in a form acceptable to the Authority Counsel and City Attorney


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III. ALTERNATIVES

Take another action the Board deems appropriate.



IV. BACKGROUND


The Authority issued a Request for Proposals (RFP) in October 2017 for the development of the four remaining cells of the Former Cal Compact Landfill Site, other than Cell 2, which was under negotiation with Macerich at the time for a high fashion outlet mall. The review process under the RFP involved several steps, which included a review of the five initial proposals submitted by the various development teams that responded to the RFP and meetings between staff and the development teams...

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