E Street Affordable Component Transit- Oriented Development Project Disposition and , Development Agreement

E Street Affordable Component Transit- Oriented Development Project Disposition and , Development Agreement

On December 18, 2018, San Diego Metropolitan Transit System ("MTS") - - and the City of Chula Vista ("City") formalized a partnership to seek a developer for ~ joint transit-oriented development on the City-owned 707 F Street and MTS-owned 750 E Street properties. Through actions on October 18,. 2022· (City) and November 10, 2022 (MTS Agenda Item (AI) 21), the City and MTS selected Bayview Point LLC ("BVP") as the master developer and entered into an Exclusive Negotiation Agreement (MTS Doc. No. G2699.0-23 as amended). BVP ultimately brought in Eden Housing Inc. ("Eden") in 202-5 to perform the affordable housing component of the project. On April 16, 2026, the MTS Board of Directors authorized the Chief Executive Officer to execute a Disposition and Development Agreement with Bayview Family Housing LP for the E St TOD Project ("DDA") and the Chief Executive Officer to take all actions necessary to fulfill MTS's obligations under the DDA, including, but not limited to, executing a Ground Lease and related regulatory agreements for the project. Combined, the City--and MTS owri-10 acres of land-on and adjacent to MTS's E Street Trolley Station: During the solicitation process, the City expressed a desire for redevelopment with office, hotel and retail as the top priorities, while MTS's desire was for affordable and market rate housing. BVP would satisfy both requirements with a mix of uses. Eden is proposing 100 affordable units and one unrestricted manager unit for a total of 101 ·units and 176 bedrooms. The building would be 7 floors with one. floor below grade for residential parking. There would be 105 residential parking stalls for a parking ratio of 1.05 stalls/unit. The affordable component would be built on Lot 1, which is currently transit parking. To accommodate the affordable component, all or a portion of Bayview Point Way would need to be constructed before or at the time of the affordable component. Depending on the final affordable component footprint, ·alignment of Bayview Point Way, and the construction phasing of the park space in Lot A, the affordable component would displace 100 to 119 transit parking stalls. To preserve the park and ride transit connection, BVP has committed to replacing the transit stalls lost in the affordable component temporarily on City property in approximately the location shown below. As the temporary transit replacement parking and the construction of some or a portion of Bayview Point Way are required elements with the affordable component, the DDA conditions the approval of the future Ground Lease on the completion of the temporary transit replacement parking and installation of Bayview Point Way. The Eden project cannot start construction until the temporary transit replacement parking is completed, and a Bayview Point Way phasing plan is approved by MTS. City is continuing negotiations with BVP for the separate hotel, park, and market rate housing projects that would be constructed on the City parcel. Future agreements with MTS will relate to replacement transit parking, various site infrastructure and interior roads, and utilities that will be on both the MTS and City parcels. The Master Planned Project is consistent with the land use designations and development densities and intensities contemplated in the City's Urban Core Specific Plan (Urban Core District 15). The district allows development by right for a number of intense urban uses, including dense multiple family. dwellings, retail, office, commercial services and hospitality uses. Impacts from such uses were analyzed in the Urban Core Specific Plan Environmental Impact Report (SCH No. 2005081121) under the -California Environmental Quality Act ("CEQA"), Public Resources Code section 21000 et seq.

Chula Vista

San Diego

Citywide

San Diego