Share to Facebook Share to Twitter Bookmark and Share
File #: 21-1234    Name:
Type: Status: Agenda Ready
File created: 6/24/2021 In control: City Council Legislative Meeting
On agenda: 7/6/2021 Final action:
Title: Authorization of the Execution of Proposed Landmark/Inova Development and Land Acquisition Agreements. (This is not a public hearing item)
Attachments: 1. 21-1234_Attachment 1. Development Agreement (Text), 2. 21-1234_Attachment 2. Development and Financing Agreement (Exhibits), 3. 21-1234_Attachment 3. Grant Agreement, 4. 21-1234_Attachment 4. Inova Site Purchase and Sale Agreement, 5. 21-1234_Attachment 5. Deed of Ground Lease, 6. 21-1234_Attachment 6. Access Agreement, 7. 21-1234_Attachment 7. Reciprocal Easements and Covenants, 8. 21-1234_Attachment 8. Community Development Authority Documents, 9. 21-1234_Attachment 9_NHS and relocation framework
City of Alexandria, Virginia
________________

MEMORANDUM



DATE: JULY 1, 2021

TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL

FROM: MARK B. JINKS, CITY MANAGER /s/

DOCKET TITLE:
TITLE
Authorization of the Execution of Proposed Landmark/Inova Development and Land Acquisition Agreements. (This is not a public hearing item)
BODY
_________________________________________________________________

ISSUE: Approval of Landmark Mall Redevelopment Agreements.

RECOMMENDATIONS: That City Council:

1. Authorize the City Manager to execute, in substantially the final form as outlined in the Key Terms included in this docket memorandum, in order to induce redevelopment of the Landmark site as a mixed use development, including a new Alexandria Inova Hospital Medical Campus, the (a) Development and Financing Agreement (Attachments 1 and 2) with Landmark Holdings LLC, Inova Health Care Services and the City, and (b) the Grant Agreement (Attachment 3) between the City and the Industrial Development Authority of the City of Alexandria; and

2. Acknowledge the intent of the Industrial Development Authority of the City of Alexandria to execute with Landmark Holdings LLC and/or Inova Health Care Services, as applicable, in substantially the final form as outlined in the Key Terms included in this docket memorandum, a Purchase and Sale Agreement (Attachment 4), Deed of Ground Lease (Attachment 5), Access and Temporary Construction Management Agreement (Attachment 6), and a Reciprocal Easements and Covenants Agreement (Attachment 7); and

3. Direct the City Manager, subject to the receipt of landowner petition, to bring forward for Council consideration and first reading at its September 14 Legislative Meeting, an ordinance creating the Landmark Community Development Authority.

BACKGROUND: In December 2020, the City, Inova Health Care Services (Inova) and a joint venture that includes Foulger-Pratt, Howard Hughes Corporation and Seritage (FP Joint Venture, now Landma...

Click here for full text