TITLE:
title
OPEN SPACE EASEMENT DEED AND AGREEMENT ("RAIL TRAIL") WITH THE PRESS OWNER, LLC
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DEPARTMENT: PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION
PRESENTED BY: RAJA SETHURAMAN, PUBLIC WORKS DIRECTOR
CONTACT INFORMATION: SEUNG YANG, P.E., CITY ENGINEER (714) 754-5633
RECOMMENDATION:
recommendation
Staff recommends the City Council:
1. Approve the Open Space Easement Deed and Easement Agreement ("Rail Trail") between the City of Costa Mesa (City) and The Press Owner, LLC (Press LLC).
2. Authorize the City Manager or designee to execute the Open Space Easement Deed and Easement Agreement and any future authorized amendments to this agreement.
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BACKGROUND:
Following the various land use approvals by the City, Anduril Industries moved to its newest headquarters in Costa Mesa, occupying the former site of The Press, which once housed the offices of the Los Angeles Times. The new campus includes a new 200,000 square-foot research and development space, a parking structure, and a substantial remodel of the existing buildings onsite at 1375 Sunflower Avenue, 1376 Sunflower Avenue, and 3370 Harbor Boulevard. The address of the site has been revised to 1400 Anduril and will support nearly 2,500 employees.
The Press Owner, LLC (Press LLC) and The Hive Creative Office, Inc. (Hive), are the current underlying property owners, a portion of which will become the Open Space Easement ("Rail Trail"). Pursuant to conditions of approval imposed as part of the development process, the two owners have agreed to dedicate an easement to the City over a 75-foot wide linear portion of their properties to be restricted as open space and to create a "Rail Trail" to allow the local community to enjoy exercise facilities and provide a Class I bicycle and multi-purpose trail connection between Sunflower Avenue and South Coast Drive.
Both Press LLC and the Hive separately own portions of the 75-foot wide linear open space. Both owners will be entering into a Trail...
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