HomeMy WebLinkAbout2008-12-09 - AGENDA REPORTS - AGMT SCRDA AF MAIN ST LLC (2)Agenda Item:
CITY OF SANTA CLARITA
JOINT CITY COUNCIL /REDEVELOPMENT AGENCY
AGENDA REPORT
City Manager Approval:
CONSENT CALENDAR Item to be presented by: Paul Brotzman
DATE: December 9, 2008
SUBJECT: EXCLUSIVE NEGOTIATION AGREEMENT BETWEEN THE
REDEVELOPMENT AGENCY AND AF MAIN STREET, LLC
DEPARTMENT: Community Development
RECOMMENDED ACTION
1. Redevelopment Agency approve an Exclusive Right to Negotiation Agreement with AF Main
Street, LLC.
2. Authorize the Redevelopment Agency Executive Director to execute all documents, subject to
City Attorney approval.
BACKGROUND
An Exclusive Negotiation Agreement (ENA) is being sought to redevelop a full block in Old
Town Newhall for a potential mixed use retail/residential project. An ENA allows the
Redevelopment Agency to negotiate exclusively with a developer for a specific period of time to
develop a binding development agreement. The ENA provides the developer an assurance that it
can expend the money necessary to determine the project's feasibility without fear of the project
being awarded to a competitor.
The project would be located in Old Town Newhall on the block bounded by Lyons Avenue, 9th
Street, Railroad Avenue, and Main Street. The project would entail nine (9) parcels totaling 1.7
acres, owned or controlled by the owner. A property legal description is provided as Attachment
A.
The project is envisioned as a landmark development to draw people from the area and would
include an active retail/restaurant component, strong linkages to the Metrolink station, and
QPpR0oNlEM
subterranean parking to benefit the neighboring library project.
The ENA is an agreement between the Redevelopment Agency and AF Main Street, LLC
(property owner). The parties would exclusively negotiate terms and conditions for developing a
project. The agreement will include a 6 month initial negotiation period and the option for an
additional 6 month extension. Following these negotiations a formal development agreement
will be developed between the Agency and the property owner.
Details on square footage, height, building and unit mix will be determined during the ENA
negotiations and through project development. During this period, street improvements,
infrastructure and related issues will also be addressed.
A schedule of performance will also be developed to identify milestone dates related to
processing land use entitlements, demolition of existing structures, and construction of the
project with specified deadlines.
This ENA agreement is only to enter exclusive negotiations. The agreement does not commit the
Agency to enter into a formal Owner Participation Agreement or to take other actions related to
the conceptual project.
ALTERNATIVE ACTIONS
Other action as determined by the Redevelopment Agency.
FISCAL IMPACT
None
ATTACHMENTS
Attachment A - Property Legal Description
SCALE: 1" = 20' -
LEGAL DESCRIPTION
SHEET 1 OF 1 SHEET
BLOCK 16 OF THE TOWN OF NEWHALL TRACT, IN THE CITY OF SANTA CLARITA, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA,
AS SHOWN ON MAP FILED IN BOOK 53 PAGES 21-22 OF MISCELLANEOUS RECORDS, IN THE OFFICE OF THE RECORDER OF SAID
COUNTY, DESCRIBED AS FOLLOWS AND IN THE SKETCH SHOWN BELOW:
BEGINNING AT THE ORIGINAL SOUTHEAST CORNER OF LOT 13 OF SAID BLOCK 16;
THENCE ALONG THE SOUTHERLY LINE OF SAID BLOCK, EAST 20 FEET TO THE TRUE POINT OF BEGINNING:
THENCE PARALEL WITH THE WESTERLY LINE OF SAID BLOCK, NORTH 175.08 FEETTO THE BEGINNING OF ATANGENT CURVE TO THE
RIGHT HAVING RADIUS OF 360 FEET;
THENCE ALONG SAID CURVE, THROUGH A CENTRAL ANGLE OF 18-42-48".117.58 FEET TO AN INTERSECTION WITH A 45° TANGENT
CUTOFF TO LYONS AVENUE, BEING THE NORTH LINE OF SAID BLOCK;
THENCE N 12°25' E, ALONG SAID CUTOFF, TO SAID NORTHERLY LINE;
THENCE ALONG SAID NORTHERLY LINE, EAST 204.13 FEET TO THE BEGINNING OF A 17 BY 17 FOOT, 45° CUTOFF TO RAILROAD
AVENUE, BEING THE EAST LINE OF SAID BLOCK;
THENCE ALONG SAID EAST LINE, SOUTH 258 FEET TO THE BEGINNING OF A TANGENT RETURN TO NINTH STREET, BEING THE SOUTH
LINE OF SAID BLOCK, HAVING A RADIUS OF 25 FEET;
THENCE ALONG SAID RETURN, THROUGH A CENTRAL ANGLE OF 90°. 39.27 FEET;
THENCE ALONG SAID SOUTH LINE, 225 FEET TO THE TRUE POINT OF BEGINNING. r' 1
C -
/ ' STEVEN V. PREECt, P.L.S. LS 4318
\v \ (Disregard if not signed)
24:04, \
17X1
N \
2° 5'W 'Q
3 \ O
2'
9 6 `'sem `may\ 9L
ro
o..
\< �5
R=25
\
9Z \ A = 90°
A!' L�39.27'
NCO
190,
`�
TPOB ay�j5 ,��0
3� �\ POB
/
Graphic Scale
20' 0 10' 20' 40' /
1"=20'
APN 2831-007
TG 4640-J1
REV 2 DEC 2008
CITY OF SANTA CLARITA - TOWN OF NEWHALL YONSRS DRG