Title
Receive a progress report on the status of the Successor Agency to the Redevelopment Agency of the County of Monterey's disposition of properties in accordance with the approved Long Range Property Management Plan.
Report
RECOMMENDATION:
It is recommended that the Fort Ord Committee receive a progress report on the status of the Successor Agency to the Redevelopment Agency of the County of Monterey's disposition of properties in accordance with the approved Long Range Property Management Plan.
DISCUSSION
On December 31, 2015, the State Department of Finance (DOF) approved a Long Range Property Management Plan (LRPMP) which described the anticipated plan for the disposition of lands held by the Successor Agency to the Redevelopment Agency of the County of Monterey (Agency). The purpose of the LRPMP was to obtain concurrence by the DOF as to which Agency properties were to be sold to generate revenues and which properties could be transferred to other public entities. The Agency sought and received approval from the DOF to convey all its properties - except the "Commercial Development Parcel" discussed below - to the County at no cost. Attachment 1 provides a summary of the status for disposing of Agency-owned properties within the former Fort Ord. Staff has completed the transfer of five Agency-owned properties on the former Fort Ord to the County.
The following provides an update on Agency-owned proprieties that have not been disposed:
Landfill Border Parcels
Two Landfill Border parcels along Imjin Parkway are still owned by the Successor Agency (See Attachment 2).
* Commercial Development Parcel (E8a.1.2, APN 031-101-039) - 21-acre property and includes a 1.8-acre portion currently under lease to the Ord Market.
o Completed a Fair Market Rent Rate Appraisal for Ord Market. Lease adjusted to fair market rate rent pursuant to the lease terms.
o Discussing with the City of Marina the disposition of land required for the Imjin Parkway Widening p...
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