Carson Reclamation Authority

CITY OF CARSON Tuesday, April 3, 2018 701 East Carson Street Helen Kawagoe Council Chambers 7:00 PM CALL TO ORDER: CARSON RECLAMATION AUTHORITY ROLL CALL: CLOSED SESSION RECONVENE: OPEN SESSION REPORT ON CLOSED SESSION ACTIONS ORAL COMMUNICATIONS FOR MATTERS LISTED ON THE AGENDA (MEMBERS OF THE PUBLIC) The public may address the members of the Carson Reclamation Authority on any matters within the jurisdiction of the Carson Reclamation Authority. No action may be taken on non-agendized items except as authorized by law. Speakers are limited to no more than three minutes, speaking once. APPROVAL OF MINUTES: Item No. 1. 2018-148 DECEMBER 12, 2017 SPECIAL MEETING DECEMBER 19, 2017 REGULAR MEETING JANUARY 9, 2018 REGULAR MEETING FEBRUARY 6, 2018 REGULAR MEETING Recommendation: Approve the minutes as listed. Attachments: 2017 DEC 12 CRA Spec Mtg (minutes-unofficial) - js 2017 DEC 19 CRA Reg Mtg (minutes-unofficial) - js 2018 JAN 9 CRA Reg Mtg (minutes-unofficial) - js 2018 FEB 6 CRA Reg Mtg (minutes-unofficial) - js CITY OF CARSON Page 1 Printed on 3/30/2018 Carson Reclamation Authority Agenda TUESDAY, APRIL 3, 2018 CONSENT: (Items 2-5) These items are considered to be routine items of business and have, therefore, been placed on the CONSENT CALENDAR. Any item or items may be removed for discussion. For items remaining on the CONSENT CALENDAR, a single motion to ADOPT the recommended action is in order. Item No. 2. 2018-135 CONSIDER APPROVAL OF RESOLUTION NO. 18-03-CRJPA RATIFYING CLAIMS AND DEMANDS IN THE AMOUNT OF $10,415,848.97 Recommendation: 1. WAIVE further reading and APPROVE RESOLUTION NO. 18-03-CRJPA, "A RESOLUTION OF THE CARSON RECLAMATION AUTHORITY RATIFYING CLAIMS AND DEMANDS IN THE AMOUNT OF $10,415,848.97." 2. AUTHORIZE the Authority Chairman to execute Resolution No. 18-03-CRJPA following approval as to form by the Authority Counsel. Attachments: Resolution No. 18-03 CRJPA - Claims and Demand for the April 3, 2018 CRA Meeting6 Item No. 3. 2018-223 CONSIDER MONTHLY INVESTMENT AND CASH REPORT FOR THE CARSON RECLAMATION AUTHORITY AS OF FEBRUARY 28, 2018 Recommendation: RECEIVE and FILE. Attachments: cra 1 cra 2 cra 3 CITY OF CARSON Page 2 Printed on 3/30/2018 Carson Reclamation Authority Agenda TUESDAY, APRIL 3, 2018 Item No. 4. 2018-216 CONSIDER A SPECIAL COUNSEL ENGAGEMENT LETTER WITH ORRICK, HERRINGTON & SUTCLIFFE LLP, WITH REGARDS TO THE TRANSACTIONAL AGREEMENTS BETWEEN THE CARSON RECLAMATION AUTHORITY AND THE CITY OF CARSON AND CAM-CARSON LLC FOR THE DEVELOPMENT OF CELL 2 OF THE 157-ACRE PARCEL OWNED BY THE CARSON RECLAMATION AUTHORITY, THE THE FORMER CAL-COMPACT LANDFILL Recommendation: 1. APPROVE a Special Counsel Engagement Letter between the City of Carson, the Carson Reclamation Authority and Orrick, Herrington & Sutcliffe LLP, with regards to the transactional agreements between the Carson Reclamation Authority, the City of Carson and CAM-Carson LLC for the development of Cell 2 of the 157-acre parcel owned by the Carson Reclamation Authority, the former CAL-Compact landfill, in a form acceptable to Authority Counsel; and 2. Authorize the Chairman to execute all documents related to this agreement subject to approval by the Authority Counsel. 1. Attachments: Orrick Exhibit - CC CITY OF CARSON Page 3 Printed on 3/30/2018 Carson Reclamation Authority Agenda TUESDAY, APRIL 3, 2018 Item No. 5. 2018-231 RATIFY THE EXTENSION OF COVERAGE THROUGH JUNE 1, 2018 AND APPROVE PAYMENT FOR A BUILDER'S RISK POLICY THROUGH LEXINGTON INSURANCE COMPANY IN THE AMOUNT OF $2,549.00 PLUS $81.57 IN SURPLUS LINES TAXES AND STAMPING FEES, AND A GENERAL LIABILITY POLICY THROUGH FIRST SPECIALTY INSURANCE COMPANY IN THE AMOUNT OF $4,174.00 PLUS $133.57 IN SURPLUS LINES TAXES AND STAMPING FEES, PROCURED THROUGH JLT SPECIALTY INSURANCE SERVICES Recommendation: RATIFY THE EXTENSION OF COVERAGE THROUGH JUNE 1, 2018 AND APPROVE PAYMENT FOR A BUILDER'S RISK POLICY THROUGH LEXINGTON INSURANCE COMPANY IN THE AMOUNT OF $2,549.00 PLUS $81.57 IN SURPLUS LINES TAXES AND STAMPING FEES, AND A GENERAL LIABILITY POLICY THROUGH FIRST SPECIALTY INSURANCE COMPANY IN THE AMOUNT OF $4,174.00 PLUS $133.47 IN SURPLUS LINES TAXES AND STAMPING FEES, PROCURED THROUGH JLT SPECIALTY INSURANCE SERVICES Attachments: CRA - GL extension endorsement to 060118 JLT invoice #27209 - endt 2 GL extension to 6-1-18 SPECIAL ORDERS OF THE DAY: (None) Public testimony is restricted to three minutes per speaker, speaking once (excepting applicants who are afforded a right of rebuttal, if desired), unless extended by order of the Chair with the approval of the Authority Board. DISCUSSION: (Item 6) CITY OF CARSON Page 4 Printed on 3/30/2018 Carson Reclamation Authority Agenda TUESDAY, APRIL 3, 2018 Item No. 6. 2018-238 CONSIDER A CONVEYANCING AGREEMENT WITH CAM-CARSON, LLC, A DELAWARE LIMITED LIABILITY CORPORATION AND AN AFFILIATED ENTITY OF MACERICH, FOR THE DEVELOPMENT OF A FASHION OUTLET RETAIL CENTER ON THE CELL 2 SURFACE LOT OF A 157-ACRE PARCEL OWNED BY THE CARSON RECLAMATION AUTHORITY, THE FORMER CAL-COMPACT LANDFILL; CONSIDER A COOPERATION AGREEMENT WITH THE CITY OF CARSON FOR THE REIMBURSEMENT OF SALES TAXES TO FUND PUBLIC INFRASTRUCTURE AND SITE DEVELOPMENTCOSTS OF THE CELL 2 SURFACE LOT OF A 157-ACRE PARCEL OWNED BY THE CARSON RECLAMATION AUTHORITY, THE FORMER CAL-COMPACT LANDFILL CITY OF CARSON Page 5 Printed on 3/30/2018 Carson Reclamation Authority Agenda TUESDAY, APRIL 3, 2018 Recommendation: TAKE the following actions: 1. APPROVE a Conveyancing Agreement by and between the Carson Reclamation Authority and CAM-CARSON, LLC, a Delaware limited liability company, an affiliate of The Macerich Company of Santa Monica, California for the development of a high end fashion outlet mall on approximately 41 net acres of the Surface Lot of Cell 2 and certain easement areas therein legally described in Exhibit "C-1" of the Agreement, in a form acceptable to Authority Counsel; and 2. APPROVE a Cooperation Agreement by and between Carson Reclamation Authority and the City of Carson for the Authority to install public infrastructure and Authority Improvements and perform other site work for City and to receive funds from City therefore calculated based on sales taxes received by City, in a form acceptable to Authority Counsel, and 3. APPROVE Resolution 18-04-CRJPA, "A RESOLUTION OF THE CARSON RECLAMATION AUTHORITY APPROVING A CONVEYANCING AGREEMENT TO SELL THAT CERTAIN CELL 2 SURFACE LOT OF THE 157 ACRE PARCEL OWNED BY THE CARSON RECLAMATION AUTHORITY AND APPROVING A COOPERATON AGREEMENT WITH THE CITY OF CARSON FOR THE REIMBURSEMENT OF SALES TAXES TO FUND PUBLIC INFRASTRUCTURE AND SITE DEVELOPMENT COSTS OF THE CELL 2 SURFACE LOT OF A 157-ACRE PARCEL OWNED BY THE CARSON RECLAMATION AUTHORITY, THE FORMER CAL-COMPACT LANDFILL" and 4. AUTHORIZE the Chairman to execute several agreements in a final form approved by Authority Counsel and authorizing the Executive Director to take other actions necessary to implement the Agreements. CITY OF CARSON Page 6 Printed on 3/30/2018 Carson Reclamation Authority Agenda TUESDAY, APRIL 3, 2018 Attachments: Reso 18-04-CRJPA Conveyancing Agreement Cooperation Agreement ORDINANCE SECOND READING: (None) ORAL COMMUNICATIONS (MEMBERS OF THE PUBLIC) ORAL COMMUNICATIONS (AUTHORITY MEMBERS) ANNOUNCEMENT OF UNFINISHED OR CONTINUED CLOSED SESSION ITEMS (AS NECESSARY) RECESS TO CLOSED SESSION RECONVENE TO OPEN SESSION ADJOURNMENT CITY OF CARSON Page 7 Printed on 3/30/2018