Report to Mayor and City Council
Tuesday, November 20, 2018
Consent
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 (CITY COUNCIL)
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I. SUMMARY
The City Council is being asked to consider entering into an Exclusive Right to Negotiate Agreement ("ENA") 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. On November 7, 2018 the City Council and Carson Reclamation Authority approved a Deposit and Reimbursement Agreement with Grapevine, and the Authority also approved the ENA, as amended. The terms are described below.
II. RECOMMENDATION
Recommendation
1. APPROVE an Exclusive Negotiating Agreement with Grapevine, LLC.
2. AUTHORIZE the Mayor to execute all documents related to the Agreement in a form acceptable to the City Attorney.
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III. ALTERNATIVES
Take another action the City Council 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. Thereafter, a Council Subcommittee was established, along with a specific review process by which the Authority would follow to select a development team for the Site based on the terms and conditions outlined in the RFP and under a Te...
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