2019-08-20 CC Agenda Packet - ITEM #10 - PRESENTATION - ESSCSP DASouth Campus Specific Plan Phasing Project
South Campus Specific Plan
Controlling Documents
• Specific Plan — allows multiple phases
• Development Agreement — 2 phases
• EIR — 2 phases for analysis of impacts
• Tentative Map — 3 phases
Development Agreement
EL SEGUNDO BOULEVARD
7.3
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Raytheon's Proposal
EL SEGUNDO BOULEVARD
Deal Points of Original DA
✓ $4M paid to City over 5 years
✓ $5M to City if Nash Street not built by 2026
✓ $0.50/gsf paid to City before building permits issued
❑ Fair share of improvements to 9 intersections
$4,000,000
($0 or) $5,000,000
$1,000,000
(est) $4,000,000
Offsite Improvements
• Nash /Maple
• Nash / EI Segundo
• Aviation / EI Segundo
• Aviation /Utah
• Aviation /Alaska
• Aviation /Marine
• PCH / Mariposa
• Aviation / Manhattan Beach
• 405 / EI Segundo
Deal Points of Original DA
✓ $4M paid to City over 5 years
✓ $5M to City if Nash Street not built by 2026
✓ $0.50/gsf paid to City before building permits issued
❑ Fair share of improvements to 9 intersections
✓ Build Nash Street
❑ Build Continental Boulevard
$4,000,000
($0 or) $5,000,000
$1,000,000
(est) $4,000,000
(est) $15,000,000
(est) $10,000,000
EL SEGUNDO BOULEVARD
7.3
5 K
EL SEGUNDO BOULEVARD
Deal Points of Original DA
✓ $4M paid to City over 5 years
✓ $5M to City if Nash Street not built by 2026
✓ $0.50/gsf paid to City before building permits issued
❑ Fair share of improvements to 9 intersections
✓ Build Nash Street
❑ Build Continental Boulevard
✓ 20 year irrevocable offers on 3 parcels
✓ EI Segundo Boulevard improvements
✓ Contribute to bicycle facilities at Green Line Station
✓ Dedicate pedestrian easement to Green Line station
1W
Pay City 25% of new sewer trunk line
Provide access to park as described in DA
Offer 20 year irrevocable offer for park as described in DA
$4,000,000
($0 or) $5,000,000
$1,000,000
(est) $4,000,000
(est) $15,000,000
(est) $10,000,000
(est) $2,000,000
$6,000,000
$75,000
$250,000
$375,000
$0
(est) $15,000,000
Raytheon receives traffic fee credits for certain improvements
Raytheon's incentives
• Sale of phase 2 funds urgent campus upgrades
• Shifts the burden of mitigation measures and building new
streets from all up front to as triggered by specific
developments
City's motivations
• lowers barriers to development that kick starts the projects
• Sale of phase 2 speeds up construction of Nash Street
• New DA Provides flexibility related to open space
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