TITLE
Recommendation to authorize City Manager to execute an Agreement with PPF AMLI 245 West Broadway, LLC, and all related documents necessary to perform storm drain relocation work in West 3rd Street, Pacific Avenue and West Broadway in an amount not to exceed $1,703,653;
Increase appropriations in the General Fund (GF) in the Citywide Activities Department (XC) by $1,703,653 for a transfer to the Capital Projects Fund (CP) in the Public Works Department (PW); and increase appropriations in the Capital Projects Fund (CP) in the Public Works Department (PW) by $1,703,653 offset by revenue from bond proceeds. (Districts 1,2)
DISCUSSION
PPF AMLI 245 West Broadway, LLC (AMLI) has an approved Site Plan and a Tentative Tract Map for construction of a seven-story development consisting of 222 residential units, and 8,500 square feet of commercial lease space, at 245 West Broadway in the Downtown. The project site is located on a parcel north of Broadway, between Cedar Avenue (west), Pacific Avenue (east), and a City-owned parking lot to the north. The subject property is shown on the attached vicinity map. Beneath both the project site and the abutting City-owned parking lot parcel lays an existing 84-inch Los Angeles County storm drain. The presence of the storm drain results in a 40-foot “no build” easement, that runs north-south across both parcels parallel to Pacific Avenue. In order to comply with the Downtown Plan’s zero lot-line requirements, and enhance the value of the City-owned parking lot parcel, vacation of the County storm drain easement, via storm drain relocation into rights-of-way of 3rd Street, Pacific Avenue and West Broadway is required.
AMLI acknowledged this scope of work requirement in the project’s Conditions of Approval, which included the potential opportunity to share costs for storm drain relocation and removal with the City. AMLI has retained a civil engineer that prepared construction plans for the new 84-inch storm drain. Thes...
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