City of Long Beach - File #: 19-1096

• File #: 19-1096
• Version: 2
• Name: Harbor - ORD - POLB/POLA Master Agreement
• Type: Ordinance
• Status: Adopted
• File created: 10/28/2019
• In control: City Council
• On agenda: 11/5/2019
• Final action: 11/12/2019
• Title: Recommendation to declare ordinance amending approving, confirming and ratifying Ordinance No. HD-2314 of the Board of Harbor Commissioners of the City of Long Beach, which authorizes the execution and delivery by the Executive Director of an Agreement and Master Agreement, both with the City of Los Angeles, as well as documents referenced therein, and making certain findings and determinations relating thereto, read and adopted as read.
• Sponsors: Harbor

Date	Ver.	Action By	Action	Result
11/12/2019	2	City Council	approve recommendation and adopt	Pass
11/5/2019	1	City Council	Reconsidered	Pass
11/5/2019	1	City Council	declare ordinance read the first time and laid over to the next regular meeting of the City Council for final reading	Pass
11/5/2019	1	City Council	declare ordinance read the first time and laid over to the next regular meeting of the City Council for final reading	Pass

TITLE
Recommendation to declare ordinance amending approving, confirming and ratifying Ordinance No. HD-2314 of the Board of Harbor Commissioners of the City of Long Beach, which authorizes the execution and delivery by the Executive Director of an Agreement and Master Agreement, both with the City of Los Angeles, as well as documents referenced therein, and making certain findings and determinations relating thereto, read and adopted as read.

DISCUSSION
This matter is coming before the City Council due to the transfer of fee interest in the Agreement and Master Agreement.

The Port of Long Beach (“POLB”) and the Port of Los Angeles (“POLA”) formed the Alameda Corridor Transportation Authority (“ACTA”) Joint Powers Authority in order to acquire the properties required for the construction of the Alameda Corridor Project. The agreements with the Union Pacific and Southern Pacific railroads included properties beyond the Alameda Corridor project footprint. Those properties were acquired jointly by the Ports, each with an undivided fifty percent interest.

POLA will quitclaim to POLB its 50% fee interest in property totaling approximately 6.941 acres, and easement interest in property totaling approximately 4.406 acres. In addition, POLA will quitclaim to POLB 50% of its fee interest in approximately 2.930 acres to be jointly owned as tenants in common.

POLB will quitclaim to POLA its 50% fee interest in property (primarily in San Pedro) totaling approximately 21.975 acres, and easement interest in property totaling approximately 7.026 acres.

POLA will compensate POLB for the difference in property interests being exchanged by paying the sum of $9,148,155 to POLB.

POLB seeks the cooperation of the City of Los Angeles on the Pier B On-Dock Rail Support Facility Project (“Project”). POLB and POLA are concurrently entering into various agreements related to the Project. The agreements provide benefits to both POLB and POLA.

A significant portion of the Proje...