Los Angeles County Metro Transit Authority Awards Facilities Contract to Chavez Fickett LP (March 2024)
Los Angeles County Metro Transit AuthorityPublic Authority · Los Angeles, CA- Disclosed value
- Ground lease discount of 67% or $6,900,000 off appraised fair market rental value
- From minutes
- Approved
- Mar 28, 2024
The 30-second brief
Metro approved a joint development agreement and ground lease with Chavez Fickett, L.P. for a mixed-use affordable housing project on Metro property at Cesar E. Chavez and Fickett, including a 67% rent discount valued at $6.9 million. The project is deemed exempt from CEQA under in-fill development provisions.
Chavez Fickett LP holds this facilities contract with Los Angeles County Metro Transit Authority.
Term as filed: Long-term joint development agreement and ground lease (exact duration not stated).
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Contract details
- Contract type
- Facilities
- Amount
- Ground lease discount of 67% or $6,900,000 off appraised fair market rental value
- Document date
- March 28, 2024
- Term
- Long-term joint development agreement and ground lease (exact duration not stated)
- Vendor
- Chavez Fickett LP
- Source document
- Metro Board of Directors Meeting Minutes March 2024 (Minutes)
Chavez Fickett LP's other public contracts
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Questions about this contract
Who was awarded the facilities contract by Los Angeles County Metro Transit Authority?
Chavez Fickett LP was awarded this facilities contract by Los Angeles County Metro Transit Authority, as recorded on March 28, 2024. The contract value is Ground lease discount of 67% or $6,900,000 off appraised fair market rental value.
How much is the Chavez Fickett LP contract with Los Angeles County Metro Transit Authority worth?
The Chavez Fickett LP contract with Los Angeles County Metro Transit Authority is valued at Ground lease discount of 67% or $6,900,000 off appraised fair market rental value, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Metro Board of Directors Meeting Minutes March 2024 (Minutes), dated March 28, 2024 from Los Angeles County Metro Transit Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Chavez Fickett LP hold?
Chavez Fickett LP may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Los Angeles County Metro Transit Authority currently buying?
Explore Los Angeles County Metro Transit Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.