Title
Approve the Agreement for Taxing Entity Compensation ("Master Tax Agreement") with the City of Seaside for distributions of the net unrestricted proceeds from future sales of the properties identified in a Long-Range Property Management Plan of the Redevelopment Agency of the City of Seaside; and authorize the General Manager to execute the Agreement. (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:
Approve the Agreement for Taxing Entity Compensation ("Master Tax Agreement") with the City of Seaside for distributions of the net unrestricted proceeds from future sales of the properties identified in a Long-Range Property Management Plan of the Redevelopment Agency of the City of Seaside; and authorize the General Manager to execute the Agreement.
SUMMARY/DISCUSSION:
Property once belonging to the federal government at the location of the former Fort Ord will transition to the City of Seaside through a series of laws and cases enacted after the closure of Fort Ord. First the properties transitioned from the federal government to the Redevelopment Agency of the City of Seaside (See Assembly Bill X 26 enacted in June 2011; California Redevelopment Association v. Ana Matosantos (2011) 53 Cal.4th 231). Next in 2012, the properties transitioned from the Redevelopment Agency of the City of Seaside to the Successor Agency to Redevelopment Agency of the City of Seaside (Health and Safety Code section 34175(b)). The Successor Agency prepared a Long-Range Property Management Plan ("LRPMP") addressing the disposition of the real property assets of the Former Agency (Health and Safety Code section 34191.3). Following the LRPMP, the properties were thereafter transferred to the Community Redevelopment Property Trust Fund of the Successor Agency.
The properties include:
- General Jim Moore Boulevard and Eucalyp...
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