File #: A 20-168    Name: a. Approve and authorize the Chair of the Board of Supervisors to execute a Joint Community Facilities Agreement by and between the Fort Ord Reuse Authority (FORA) and the County of Monterey regarding transfer of FORA Community Facilities District (CFD)
Type: BoS Agreement Status: Passed - RMA Administration
File created: 5/27/2020 In control: Board of Supervisors
On agenda: 6/9/2020 Final action: 6/9/2020
Title: a. Approve and authorize the Chair of the Board of Supervisors to execute a Joint Community Facilities Agreement by and between the Fort Ord Reuse Authority (FORA) and the County of Monterey regarding transfer of FORA Community Facilities District (CFD) funds for habitat management; and b. Authorize and direct the Auditor-Controller (ACO) to deposit funds for the habitat management FORA CFD, estimated at $13.58 million, in a Fund and/or Account to be determined by the ACO that allows for the accrual of interest earnings at the County investment pooled interest rate.
Attachments: 1. Board Report, 2. Revised Board Report (ADDED VIA SUPPLEMENTAL), 3. Attachment A-Community Facilities Agreement, 4. Item No. 52 Completed Board Order, 5. Joint Community Facilities Agreement, 6. Joint Community Facilities Executed Agreement
Title
a. Approve and authorize the Chair of the Board of Supervisors to execute a Joint Community Facilities Agreement by and between the Fort Ord Reuse Authority (FORA) and the County of Monterey regarding transfer of FORA Community Facilities District (CFD) funds for habitat management; and
b. Authorize and direct the Auditor-Controller (ACO) to deposit funds for the habitat management FORA CFD, estimated at $13.58 million, in a Fund and/or Account to be determined by the ACO that allows for the accrual of interest earnings at the County investment pooled interest rate.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Approve and authorize the Chair of the Board of Supervisors to execute a Joint Community Facilities Agreement by and between the Fort Ord Reuse Authority (FORA) and the County of Monterey regarding transfer of FORA Community Facilities District (CFD) funds for habitat management; and
b. Authorize and direct the Auditor-Controller (ACO) to deposit funds for the habitat management FORA CFD, estimated at $13.58 million, in a Fund and/or Account to be determined by the ACO that allows for the accrual of interest earnings at the County investment pooled interest rate.

SUMMARY/DISCUSSION:
The County owns/will own 2,641 acres of former Fort Ord lands with habitat management responsibility pursuant to the 1997 Installation-Wide Multispecies Habitat Management Plan for Former Fort Ord, California (HMP). As categorized by the HMP, this acreage consists of: Habitat Management Area-1,571 acres; Development with Habitat Reserve-277 acres; Borderland-100 acres; and Development Parcels with Interim Management-693 acres. The Fort Ord Reuse Authority (FORA) set aside a portion of the FORA Basewide Community Facilities District (CFD) funds for habitat management on the former Fort Ord. The FORA Board has voted to distribute these funds to the land-use jurisdictions pursuant to a formula based on the amount of various categories of...

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