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HomeMy Public PortalAbout2015.155 (09-01-15)RESOLUTION NO. 2015.155 A JOINT RESOLUTION OF THE LYNWOOD PARKING AUTHORITY, THE LYNWOOD HOUSING AUTHORITY AND CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING AN AGREEMENT FOR SPECIAL ADVISORY SERVICES WITH ROSENOW SPEVACEK GROUP, INC. (RSG) TO PERFORM ADVISORY SERVICES ON THE BEHALF OF THE LYNWOOD PARKING AUTHORITY, THE LYNWOOD HOUSING AUTHORITY AND THE CITY COUNCIL OF THE CITY OF LYNWOOD IN CONNECTION WITH THE NEGOTIATION OF A DISPOSITION, AND DEVELOPMENT AGREEMENT FOR THE EXPANSION OF PLAZA MEXICO WHEREAS, RSG has provided community and economic development services to several local public agencies for over, 30 years. These services include market analysis, economic development, business development and business retention, advisory committee and community outreach, and project and program implementation; and WHEREAS, Plaza Mexico (the "Project ") is one of Lynwood's more significant commercial development projects and a major landmark in the region, and has developed into a major. destination and attraction but is in need of considerable improvements and renovation; and WHEREAS, as part of the efforts for the modernization and expansion of Plaza Mexico, the City of Lynwood and Lynwood Parking Authority entered into a Development and Disposition Agreement ( "DDA ") with the developer of Plaza Mexico on November 5, 2013; and WHEREAS, the DDA has as one of its more significant objectives addressing the lack of available parking at the Project and the proposed expansion of the Project, and since entering in to the DDA, the Developer has continued to work on the conceptual elements for the expansion of the Project and the critical need for parking at the Project; and WHEREAS, the Developer has been in discussion with City staff about the anticipated expansion of the Project, the various elements of the proposed expansion and the need to work with the City to further refine elements of the proposed expansion, and after a number of these discussions, it is apparent that the current DDA must be revised or replaced by a new DDA; and WHEREAS, the City wishes to engage in negotiations with the Developer for the purpose of producing a new DDA that will clearly set forth the mutual obligations — City and its constituent entities on the one hand, and the Developer, to bring about the successful completion of the project expansion including the much needed parking facilities, and this will require the services of special counsel with expertise in similar endeavors and the services of consultants well- versed in the economic analysis and feasibility for similar projects. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES HEREBY RESOLVE, DECLARE, DETERMINE AND ORDER AS FOLLOWS: Section 1. That the City Council of the City of Lynwood authorizes the Mayor to approve the Agreement in a form acceptable to the City Attorney authorizing RSG to provide special advisory services to the City, the Lynwood Parking Authority and the Lynwood Housing Authority to negotiate a Development and Disposition Agreement with the Plaza Mexico developer that will address the proposed expansion of Plaza Mexico including the building of parking facilities. Section 2. That the City Council of the City of Lynwood appropriates and transfers $30,000 from the unappropriated General Fund for the services of RSG pursuant to the City Agreement. Payments for special advisory services as provided herein shall be recovered from the deposit the developer will be required to provide upon the execution of the DDA. Section 3. This Resolution shall take effect immediately upon its adoption. Section 4. The City Clerk shall certify as to the adoption of this Resolution. PASSED; APPROVED and ADOPTED this 1st day of September, 2015. ATTEST: Maria Quinonez, City Clerk APPROVED AS TO FORM: 1) " - A- ", David A. Garcia, City Attorney l /-�W- Luis Solache, Mayor APPROVED AS TO CONTENT: J. Arnoldo Beltran, City Manager Amanda Hall, Finance Director STATE OF CALIFORNIA ) ) SS. COUNTY OF LOS ANGELES ) I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the foregoing Resolution was passed and adopted by the City Council of the City of Lynwood at a regular meeting held on the 1St day of September, 2015. AYES: COUNCIL MEMBERS ALATORRE, SANTILLAN -BEAS AND SOLACHE NOES: NONE ABSENT: NONE ABSTAIN: NONE aria Quinonez, City Clerk STATE OF CALIFORNIA ) ) SS. COUNTY OF LOS ANGELES ) CASTRO, HERNANDEZ, I, the undersigned, City Clerk of the City of Lynwood, and the Clerk of the City Council of said City, do hereby certify that the above foregoing is a full, true and correct copy of Resolution No. 2015.155 on file in my office and that said Resolution was adopted on the date and by the vote therein stated. Dated this 1St day of September, 2015. Maria Quinonez, Ci y Clerk