Title
Recommend that the Monterey County Water Resources Agency Board of Supervisors:
a. Approve the transfer of three parcels located at 183 Soledad Street, Soledad California (APNs 022-026-001 and 022-026-002) between the City of Soledad, the Successor Agency to the Soledad Redevelopment Agency, and Soledad Unified School District;
b. Accept the Monterey County Water Resources Agency's shares of the net unrestricted proceeds from the sale of property; and
c. Authorize the General Manager to execute all necessary documents to effectuate the transfer of proceeds. (Staff: Nan Kyung Kim)
Report
RECOMMENDATION:
It is recommended that the Monterey County Water Resources Agency Board of Directors recommend the Monterey County Water Resources Agency Board of Supervisors:
a. Approve the transfer of three parcels located at 183 Soledad Street, Soledad California (APNs 022-026-001 and 022-026-002) between the City of Soledad, the Successor Agency to the Soledad Redevelopment Agency, and Soledad Unified School District;
b. Accept the Monterey County Water Resources Agency's shares of the net unrestricted proceeds from the sale of property; and
c. Authorize the General Manager to execute all necessary documents to effectuate the transfer of proceeds.
SUMMARY/DISCUSSION:
Pursuant to a 2016 "Compensation Agreement for Taxing Entity Compensations entered into between the City of Soledad ("City"), the County of Monterey and other local taxing entities, the City is obligated to remit the "Net Unrestricted Proceeds" from the sale of property owned by the Successor Agency to the Soledad Redevelopment Agency ("Successor Agency") to the Monterey County Auditor-Controller's Office for distribution to local taxing entities, which includes the Monterey County Water Resources Agency ("Agency"), the Monterey County Water Resources Agency Zone 2 ("Zone 2"), the Monterey County Water Resources Agency Zone 2A ("Zone 2A") and the Monterey County Water Resources Agency Zone 8 ("Zone 8")...
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