Legislation Details

File #: HIST-9721    Version: 1 Subject:
Type: Historical Status: Action Item
In control: HISTORICAL - REDEVELOPMENT
On agenda: 10/27/2008 Final action: 10/27/2008
Title: Washington National project update and proposed Agency participation in the redesign of the Expo Light Rail station columns and shoring wall to allow joint parking for the Expo station and the Washington National project.
Attachments: 1. Washington National project update and proposed Ag - Expo - Open Session - 10-23-08.pdf, 2. Washington National project update and proposed Ag - ATT Washington National-Expo.pdf
City of Culver City, California Redevelopment Agency Agenda Item Report Page 1 of 5 RECOMMENDATION: Staff recommends that the Culver City Redevelopment Agency (“Agency”) 1.) Direct staff to proceed with reissuing a Letter of Intent agreeing to fund the column redesign for the Expo Light Rail (LRT) in the Metro Right of Way (ROW) abutting the Triangle Site in the Washington National area; and 2.) Receive and file this report. BACKGROUND / DISCUSSION: On March 6, 2008, the Agency favorably considered the revised plan for the Washington National Transit Oriented Development (TOD) Triangle project. The plan reorganizes the Triangle site to accommodate ½ acre of on-grade central open space with mature landscape, surrounded by residential, commercial, retail, hotel and office uses. The new plan incorporates public plazas at each of the project intersections, a pedestrian setback along street frontage, two levels of subterranean parking [along the Metropolitan Transit Authority’s (“Metro’) ROW, to the curb line of Venice Boulevard and under one-half of National Boulevard] and a major transit plaza interface with the Exposition Construction Authority’s (“Expo”) Light Rail Station. Please see Attachment 1 for reference to the plan features. Over the last six months staff has been working on plan implementation, pursuing acquisition of Venice Boulevard properties and pursuing the use of the Metro ROW. Metro owns property, funds improvements and operates a variety of transit operations throughout the metropolitan area while, Expo was established for the sole purpose of designing and constructing the Expo LRT. Meeting Date: 10/27/08 Item Number: A-1 AGENDA ITEM: Washington National project update and proposed Agency participation in the redesign of the Expo Light Rail station columns and shoring wall to allow joint parking for the Expo station and the Washington National project. Contact Person/Dept.: Sol Blumenfeld Phone Number: 310.253.5702 Fiscal Impact: Yes [X ] No [ ] General Fund: Yes [ ] No [X ] Public Hearing: [ ] Action Item: [X] Attachments: [X ] Public Notification: Master Email Notification List on 10/23/08. Department Approval: Sol Blumenfeld Assistant Executive Director Executive Director Approval: Chief Financial Officer Approval: Jeff Muir (10/22/08) Agency General Counsel: City of Culver City, California Redevelopment Agency Agenda Item Report Page 2 of 5 Advantages of Parking on the Metro ROW: In prior reports to the Agency, staff has described the advantages of incorporating the Metro ROW to develop shared parking for both the Expo LRT and the City’s TOD project. In summary these advantages are:  The creation over 1,900 parking spaces of subterranean and on-grade podium parking (including Venice properties) for shared use between Metro and the City. (Without the Metro ROW only about 1,000 spaces can be provided) (Please see Attachment No. 2)  The provision of a substantial parking resource to address nearby parking shortages for the Hayden Tract and the Culver City Arts District.  The ability to park a project that fully addresses the sustainability goals of transit oriented development with housing, office retail, restaurant and ample open space at a size and scale that is fitting with the surrounding commercial and residential neighborhood.  The ability to reduce the costs to construct TOD parking with greater parking efficiency. The parking efficiency improves from 490 sq. ft. per stall, to 350 sq. ft. per stall with the reconfigured subterranean parking area. Parking costs for the project without the ROW are estimated at $54,545 per stall vs. the cost of including the ROW at $35,000 per stall. This represents a per stall savings in excess of 35%.  The opportunity to increase the number of parking stalls by 800 at an additional cost of $6.5 million. This equates to a lower per stall cost of $8,125. (Please see Attachment No.2) On July 14, 2008, the Agency authorized staff to negotiate with Metro on the proposed joint development of Metro and TOD parking to accommodate the Agency’s and Metro’s parking needs. Since that Agency meeting, staff met with Metro and Expo representatives and presented the draft MOU for consideration. Metro expressed interest in proceeding with the MOU, but did not acted quickly enough to accommodate Expo’s construction needs to fund the redesign of the station which is progressing quickly. Staff made several efforts to move the MOU forward without success. Over the last three months, Staff has been working with Expo on design issues related to isolating the Metro LRT from the Agency’s TOD site in order to accommodate Expo construction and the Agency’s own timing for development of the TOD project. Staff has also prepared several parking studies to address the reduced ROW that results from the construction of the isolation wall and analyzed new development scenarios for the site based upon the parking reconfiguration. (Please see Attachment No. 3). In addition staff has commenced work on a cost benefit analysis for the project related to new the station redesign costs, new parking plans and land acquisition costs related to the Venice properties, which will soon be presented to the Agency. City of Culver City, California Redevelopment Agency Agenda Item Report Page 3 of 5 On September 17, 2008, Eric Olson, Senior Engineer for Expo, requested that staff provide a letter confirming the Agency’s intent to fund the cost for redesign of the station so that he could instruct the contractor/designer to proceed with revisions to Expo’s construction drawings and final engineering for the column extensions that are required to accommodate the Agency’s structured parking for the TOD. On September 22, 2008, the Agency authorized staff to issue a Letter of Intent to fund the redesign costs for the Metro station. At the time, staff reported the redesign costs to be approximately $200,000, but since the time of report production, the design has been further developed and the cost estimates have been revised to $250,000 and 10% contingency. (Please see Attachment No. 4, Alternative for design details and construction costs.) Despite staff’s efforts in all of these areas, Metro had not been able to respond in a timely way and only recently returned the MOU. Consequently, the MOU is not executed and the Agency’s conditional approval to fund the redesign expressed in the Letter of Intent is no longer acceptable to Expo. Thus the parallel design track that had been underway to accommodate the Agency’s needs is no longer an option and at this point, without an unconditional commitment to fund the redesign, Expo is not pursuing the parallel design that incorporates deepened footings and the isolation wall. Further, because of the delay in returning the MOU, any effort now to move back to the parallel design tract will require Metro Board approval, since a redesign potentially sets back the commencement of LRT operations by three months with concomitant loss revenue to Metro. It important to note, that the Expo LRT completion date of 2010 could be delayed by the California Public Utility Commission’s (CPUC) pending decision on the two proposed grade crossing applications for the Dorsey/Farmdale and Foshay/Harvard Blvd crossings. If the CPUC finds pedestrian overcrossings are necessary at both locations, the project could be delayed 1-3 years and incur $18 million in additional expenses. The CPUC is expected to make its decision in November. Because this outcome is unknown, it is prudent to move forward with redesign or the LRT and isolation wall now. In a conference call with Metro and Expo staff on October 21, 2008, several strategies were suggested to address the timing and cost issues related to accomplishing the shared parking program using the Metro ROW. These include:  Providing redesign costs as three progress payments, concurrent with the amount of design work completed at each phase. Thus the monthly costs would be $83,333 payable over the next three months.  Completing negotiations of the MOU over the next two weeks and taking the MOU to the Metro Board. City of Culver City, California Redevelopment Agency Agenda Item Report Page 4 of 5 Staff will conduct a conference call with Roger Snoble, Executive Director of Metro, to determine if he will agree to present the request to fund the parallel design to the Metro Board for authorization and to continue with that design process. In light of the compelling reasons to include the Metro ROW in the TOD parking, the urgent need to proceed with the station redesign now, and the progress payment option that in effect reduces the Agency’s exposure to $83,333, staff is recommending that the Agency issue a follow-up letter expressing its commitment to fund the redesign cost of $250,000 with 10% contingency and including the progress payment option. The costs cover only the column redesign and design of the isolation wall. The construction costs are addressed in the MOU. With Agency direction to proceed, the Executive Director will execute the revised Letter of Intent. (Please see Attachment No. 5). With Agency direction to proceed, the Executive Director will execute the revised Letter of Intent. (Please see Attachment No. 5). Without the revised letter, Expo indicates that it is proceeding with the original project design which ultimately precludes the opportunity to use the Metro ROW for joint Metro and TOD parking. FISCAL IMPACT: By providing the requested Letter of Intent, the Agency will potentially forfeit the cost of the redesign fees in the event that Metro does not execute the MOU. If the payment is made in progress, the Agency’s exposure is $83,333. This risk must be weighed against the potential loss of ROW which permits a project of the size and scale to justify the Agency’s land assembly costs to date of $23 million dollars. Further, without the ROW the project design results in excessive parking costs that are only justified with over-development of the site. ATTACHMENTS: 1. Revised Washington National TOD Plan 2. Parking Tabulations 3. Revised Parking Plans 4. Column and Isolation Wall Design Alternatives 5. Revised Letter of Intent City of Culver City, California Redevelopment Agency Agenda Item Report Page 5 of 5 MOTION: That the Culver City Redevelopment Agency (the “Agency”); 1.) Direct staff to proceed with reissuing a Letter of Intent agreeing to fund the column redesign for the Expo Light Rail (LRT) in the Metro Right of Way (ROW) abutting the Triangle Site in the Washington National area; and 2.) Receive and file this report. WashingtonNational Proposed Development Program Attachment 1Table of Contents Site Plans Prior Plan 2 Proposed Site Plan 3 Development Concepts Retail Edge 4 Pedestrian Amenities 5-6 Stepped Floor Levels 7 Corner Design 8 Transit Plaza 9 Gateway Plaza 10-11 Open Space 12-13 Hotel 14-15 Parking and Adjacencies Podium Parking Alternatives 16-17 Proposed Parking Encroachment 18 Venice Property Acquisition Site Plan 19 Connectivity 20 Potential Development Scenarios Alternative 1 21 Alternative 2 22Prior Plan massing problems and poor site planning 2Washington National site plan 3Retail Edge concept 4Pedestrian Amenities concept •seating niches •outdoor dining 5Pedestrian Amenities concept •colonnades •planted trellis 6Stepped Floor Levels concept 7Corner Design concept 8Transit Plaza concept •Light Rail •Rapid Bus Conceptual view of Transit Plaza Overlook 9Gateway Plazas concept •iconic design •landscaping •crosswalks •paving and lighting 10Gateway Plazas concept 11Open Space concept •Passive usage 12Open Space concept •Active usage •Programmed 13Hotel concept •boutique •low rise •high end ($200+) 14Hotel concept 15Podium Parking Alternatives site plan 70% coverage 50% coverage 16Subterranean Parking Typical P1 and P2 17Proposed Parking Encroachment site plan 18Venice Property Acquisition site plan 19Connectivity adjacent areas 20I. TRIANGLE SITE ALTERNATIVE 1 - WASHINGTON NATIONAL DEVELOPMENT SCENARIOS - With Hotel, 200 Residential OPTIONS Density Allowed Density Provided Office (square feet) Retail (square feet) Hotel (rooms) Hotel Restaurant (in s.f.) Hotel Meeting Room (in s.q.) Restaurants (square feet) Residential (du/ac) Comm. Bene. Building Height Total Hotel/Porte-cochere Surface Prking Office Parking Required (1:350) Retail Parking Required (1:250) Hotel Parking Required (1.05 per room); Meeting Rooms/Restaurants (1:100sf) Restaurant Parking Required (1:250) Residential Parking Required (2 per du and 1:4 guest) Residential Parking Available RP1 & RP2 combined P-1 Parking Available P-2 Parking Available Metro Field Parking Grade-level Parking Available Total Available Parking Total Required Parking Excess or Shortage of Parking (based on Parking Supplied) Metro Prkng 600 spaces provided OPTION 1 - 50% Coverage w/ Metro ROW to 59' 1.05 acre w/Venice to curb line 1 Total site 7.39 acre w/ Community Benefit 65 du/ac (4.47 ac) 65 du/ac 75,000 56,200 149 4,000 10,000 10,000 200 Open Space - .47 aces plus paseos & plazas 56' 0 215 225 297 40 450 185 721 738 119 64 1827 1827 0 Yes OPTION 2 - 70% Coverage w/ Metro ROW to 59' 1.05 acre w/Venice to curb line 1. Total site 7.39 acre w/ Community Benefit 65 du/ac (4.47 ac) 65 du/ac 95,000 61,500 149 4,000 10,000 10,000 200 Open Space - .47 aces plus paseos & plazas 56' 0 272 246 297 40 450 282 721 738 70 94 1905 1905 0 Yes OPTION 3 - 50% Coverage with Metro ROW to 59' 1.05 acre without Venice 1.05 acre Total site 5.37 acre w/ Community Benefit 65 du/ac (4.47 ac) 65 du/ac 0 0 149 4,000 10,000 0 200 Open Space - .47 aces plus paseos & plazas 56' 0 0 0 297 0 450 185 487 504 65 64 1305 1347 -42 Yes OPTION 4 - 70% Coverage w/ Metro ROW to 59' 1.05 acre without Venice Total site 5.37 acre w/ Community Benefit 65 du/ac (4.47 ac) 65 du/ac 0 9,700 149 4,000 10,000 0 200 Open Space - .47 aces plus paseos & plazas 56' 0 0 39 297 0 450 282 487 504 19 94 1386 1386 0 Yes Note: 50% and 70% Coverage refers to podium parking using ROW Assumes: 1. Buildout massing calculations include common area and mechanical requirements of 10% for commercial/retail, 15% residential, 15% office, 10% hotel. 2. Alternatives 1 thru 4,& 6 assumes allowable density based upon 4.47 acres (Includes area in Los Angeles and is a larger land area than previous plans). 4.47 acres comprises the Triangle Site and Exposition Street at 2.89 acres, Venice Properties and Exposition Street at 1.12 acres and 25 feet of the Metro ROW in L.A. and in Culver City at .47 acres. 3. Alternatives 1 thru 4 & 6 assumes encroachment areas of Metro ROW, Expo Street, Venice Properties and National Blvd. 4. 2 levels of parking (including encroachment areas of Metro, Expo Street, National Blvd., and Venice Properties.) 5. Metro joint development with Rapid Bus Intermodal Station turn-out at Venice Blvd. and parking below, retail at grade and office or residential above. 6. City of LA Joint Development for same density allowances and parking ratios as Culver City. 7. Central open space of .47 acres plus paseos and at minimum 4 plazas on site. 8. Alt. No. 5 allowable density based upon 2.89 acres (only triangle site and Exposition blvd street vacation). 9. For calculating parking for Retail and Restaurant uses, a “Shopping Center” aggregate ratio of 1:250 was applied. 10. Assumes 1,735 supplied spaces = 242 surface short term spaces and 1,493 subterranean parking supplied based on land area f 2 & S (1 12 ) O & C C (2 6 ) 11. For Alt 5. - Assumes land area (2.89 ac) in Culver City only - No Metro ROW encroachment for Parking. 19 (2 89 3 69 12 91 1/3 0 2 19 )I. TRIANGLE SITE ALTERNATIVE 2 - WASHINGTON NATIONAL DEVELOPMENT SCENARIOS - With Hotel, 290 Residential OPTIONS Density Allowed Density Provided Office (square feet) Retail (square feet) Hotel (rooms) Hotel Restaurant (in s.f.) Hotel Meeting Room (in s.q.) Restaurants (square feet) Residential (du/ac) Comm. Bene. Building Height Total Hotel/Porte-cochere Surface Prking Office Parking Required (1:350) Retail Parking Required (1:250) Hotel Parking Required (1.05 per room); Meeting Rooms/Restaurants (1:100sf) Restaurant Parking Required (1:250) Residential Parking Required (2 per du and 1:4 guest) Residential Parking Available RP1 & RP2 combined P-1 Parking Available P-2 Parking Available Metro Field Parking Grade-level Parking Available Total Available Parking Total Required Parking Excess or Shortage of Parking (based on Parking Supplied) Metro Prkng 600 spaces provided OPTION 1 - 50% Coverage w/ Metro ROW to 59' 1.05 acre w/Venice to curb line 1 Total site 7.39 acre w/ Community Benefit 65 du/ac (4.47 ac) 65 du/ac 40,700 35,000 149 4,000 10,000 5,000 290 Open Space - .47 aces plus paseos & plazas 56' 0 117 140 297 20 653 185 721 738 119 64 1827 1827 0 Yes OPTION 2 - 70% Coverage w/ Metro ROW to 59' 1.05 acre w/Venice to curb line 1. Total site 7.39 acre w/ Community Benefit 65 du/ac (4.47 ac) 65 du/ac 60,000 40,700 149 4,000 10,000 5,000 290 Open Space - .47 aces plus paseos & plazas 56' 0 172 163 297 20 653 282 721 738 70 94 1905 1905 0 Yes OPTION 3 - 50% Coverage with Metro ROW to 59' 1.05 acre without Venice 1.05 acre Total site 5.37 acre w/ Community Benefit 65 du/ac (4.47 ac) 65 du/ac 0 0 149 4,000 10,000 0 290 Open Space - .47 aces plus paseos & plazas 56' 0 0 0 297 0 653 185 487 504 65 64 1305 1550 -245 Yes OPTION 4 - 70% Coverage w/ Metro ROW to 59' 1.05 acre without Venice Total site 5.37 acre w/ Community Benefit 65 du/ac (4.47 ac) 65 du/ac 0 0 149 4,000 10,000 0 290 Open Space - .47 aces plus paseos & plazas 56' 0 0 0 297 0 653 282 487 504 19 94 1386 1550 -164 Yes Note: 50% and 70% Coverage refers to podium parking using ROW Assumes: 1. Buildout massing calculations include common area and mechanical requirements of 10% for commercial/retail, 15% residential, 15% office, 10% hotel. 2. Alternatives 1 thru 4,& 6 assumes allowable density based upon 4.47 acres (Includes area in Los Angeles and is a larger land area than previous plans). 4.47 acres comprises the Triangle Site and Exposition Street at 2.89 acres, Venice Properties and Exposition Street at 1.12 acres and 25 feet of the Metro ROW in L.A. and in Culver City at .47 acres. 3. Alternatives 1 thru 4 & 6 assumes encroachment areas of Metro ROW, Expo Street, Venice Properties and National Blvd. 4. 2 levels of parking (including encroachment areas of Metro, Expo Street, National Blvd., and Venice Properties.) 5. Metro joint development with Rapid Bus Intermodal Station turn-out at Venice Blvd. and parking below, retail at grade and office or residential above. 6. City of LA Joint Development for same density allowances and parking ratios as Culver City. 7. Central open space of .47 acres plus paseos and at minimum 4 plazas on site. 8. Alt. No. 5 allowable density based upon 2.89 acres (only triangle site and Exposition blvd street vacation). 9. For calculating parking for Retail and Restaurant uses, a “Shopping Center” aggregate ratio of 1:250 was applied. 11. For Alt 5. - Assumes land area (2.89 ac) in Culver City only - No Metro ROW encroachment for Parking. 19 (2 89 3 69 12 91 1/3 0 2 19 ) 10. Assumes 1,735 supplied spaces = 242 surface short term spaces and 1,493 subterranean parking supplied based on land area f 2 & S (1 12 ) O & C C (2 6 )Attachment 2 ESTIMATED PARKING EFFECIENCY COMPARISONS WASHINGTON NATIONAL Subterranean Parking Levels 321,755 total square feet on P1 321,755 total square feet on P2 643,510 total square feet combined Parking stalls in revised plan: 919 stalls per floor at 350 sq. ft. per stall (321,755 sf total/350 sf per stall) Parking stalls in prior plan: 656 stalls per floor at 490 sf per stall (321,755 sf total/490 sf per stall) smaller footprint with more floors Spaces Cost per Space Total cost Prior Plan: 1100 $54,545 $60,000,000 Revised Plan: 1900 $35,000 $66,500,000 ($60,000,000 / 1100 stalls = $54,545 per stall) ($66,500,000 / 1900 stalls = $35,000 per stall) • Over 35% reduction in per-stall cost ($54,545 – 35% = $35,454) • Increase of 800 stalls for approx 10% additional cost, or $8125 per stall ($66,500,000 – 60,000,000 = $6,500,000 / 800 [1900 – 1100] = $8125 each stall) PARKING NUMBERS WITH AND WITHOUT METRO ROW AND VENICE BLVD With Venice Acreage ROW - 2.69 acre At 50% Coverage Total P1 - 721 Total P2 - 738 At grade - 64 Podium - 185 (106/79) Metro field parking - 119 Total stalls ROW - 748 Total parking with ROW - 1827 Total parking w/o ROW - 1079 At 70% Coverage Total P1 - 721 Total P2 - 738 At grade - 94 Podium - 282 (158/124) Metro field parking - 70 Total stalls ROW - 826 Total parking with ROW - 1905 Total parking w/o ROW - 1079 Without Venice Acreage Venice Blvd - 2.02 acre Stalls Venice Blvd - 468 At 50% Coverage Total P1 - 487 Total P2 - 504 At grade - 64 Podium - 185 (106/79) Metro field parking - 65 Total stalls ROW - 694 Total parking with ROW - 1305 Total parking w/o ROW - 611 At 70% Coverage Total P1 - 487 Total P2 - 504 At grade - 94 Podium - 282 (158/124) Metro field parking - 19 Total stalls ROW - 775 Total parking with ROW - 1386 Total parking w/o ROW - 611 Total surface parking on triangle site (per Expo) - 630 DRAFT  ATTACHMENT 5  CITY MANAGER’S OFFICE CITY OF CULVER CITY JERRY B. FULWOOD (310) 253-6000 City Manager 9770 CULVER BOULEVARD, CULVER CITY, CALIFORNIA 90232-0507 FAX (310) 253-6010 October 27, 2008 Exposition Metro Line Construction Authority 707 Wilshire Blvd., Suite 3400 Los Angeles, CA 90017 Attention: Roger Snoble Chief Executive Officer Re: Letter of Intent re Culver City Redevelopment Agency Payment for Certain Station Column Redesign Costs Dear Roger: Please be advised that pursuant to authority granted the undersigned by the Culver City Redevelopment Agency (the “Agency”) at its meeting of October 27, 2008, this is a letter of intent of the Agency to pay up to $250,000 pursuant to the following paragraph (plus 10% contingency subject to prior written approval of Agency Executive Director) for the Washington National EXPO station (the “Station”) columnar redesign costs incurred by the Exposition Metro Line Construction Authority (the “Authority”) as reasonably necessary to accommodate proposed Agency parking facilities within the Station Metro Right of Way (the “Letter of Intent”). This Letter of Intent is subject to the execution by the parties of definitive agreements consistent herewith as may be required to comply with legal requirements applicable to the parties. Funds payable under this Letter of Intent shall be paid by the Agency to the Authority in three monthly payments, commencing with an initial monthly payment on the date of this letter in the amount of Eighty Three Thousand Three Hundred and Thirty Three Dollars ($83,333). Funds once paid by the Agency to the Authority under this Letter of Intent shall be non- refundable to the Agency. The Agency reserves the right to terminate this Letter of Intent at any time for any reason upon written notice to the Authority, and upon such termination no further payments shall be due to the Authority from the Agency hereunder. The Agency appreciates your cooperation and willingness to work with our community to implement our respective programs in such a mutually beneficial manner. Sincerely, Jerry Fulwood City Manager