18.
19.
General Public Comments
Open for general public comments for items not on today's agenda; Nina Beety, Pylan Moglen,
via Zoom, commented. Jayden Lopez, via Zoom, was inaudible.
10:30 A.M. - Scheduled Matters
Adopt a Resolution to approve funding recommendation for the WeatherTech® Raceway at Laguna
Seca Start/Finish Bridge and Track Resurfacing Projects totaling $9,725,000, including Laguna Seca
Recreational Area (LSRA) Unrestricted Net Position $1,283,905, Cannabis Tax Assignment
$4,406,095, Unassigned Fund Balance $3,000,000, and 20% sponsorship match for Bridge Project
$1,035,000, and accomplish associated budget and accounting detail (4/5ths vote required).
Bryan Flores, Chief of Parks; Randell Ishii, Director and Jessica Cordiero-Martinez, Finance
Manager from the Public Works, Parks and Facilities presented via PowerPoint presentation.
Open for public comments; Steve Fields, in person, Rick Aldinger, Mark Watson, Jayden Lopez,
Bernie Gomez, Cesar Lara, and Carol Chorbaijan, via Zoom, commented.
A motion was made by Supervisor John M. Phillips, seconded by Supervisor Mary L. Adams to
Adopt Resolution No.: 22-144 to:
a. Approving the funding recommendation for the WeatherTech® Raceway at Laguna Seca
(WRLS) Start/Finish Bridge and Track Resurfacing Projects totaling $9,725,000, including Laguna
Seca Recreational Area (LSRA) Unrestricted Net Position $1,283,905; Cannabis Tax Assignment
$4,406,095, of which $3,000,000 is to be released as a temporary zero-interest (0%) loan to be
repaid by Transient Occupancy Tax (TOT) revenue beginning in FY 2023-24; General Fund
Unassigned Fund Balance $3,000,000; and 20% Sponsorship Match for the Bridge Project
$1,035,000:
b. Authorizing and directing the Auditor-Controller to:
1) Amend the Fiscal Year (FY) 2021-22 Adopted Budget for LSRA, Fund 453, Appropriation Unit
CAO046, to increase appropriations by $1,283,905, where the financing source is LSRA
Unrestricted Net Position Fund 453, Balance Sheet Account 3202 (4/5ths vote required);
2) Amend the FY 2021-22 Adopted Budget for the General Fund, Fund 001, Other Financing Uses
Appropriation Unit CAO017, to increase appropriations by $7,406,095, where the financing source
is Unassigned Fund Balance, Fund 001, Balance Sheet Account 3101 ($3,000,000),and Cannabis
Tax Assignment, Fund 001, Balance Sheet Account 3132 ($4,406,095) (4/5ths vote required);
3) Amend the FY 2021-22 Adopted Budget for Capital Projects, Fund 404, Appropriation Unit
PFP057, to increase appropriations by $8,690,000, where the financing sources are operating
transfers in from General Fund, Fund 001, and LSRA, Fund 453 (4/5ths vote required);
4) Effect repayment of the $3,000,000 zero-interest (0%) loan from the Cannabis Tax Assignment,
Fund 001, Balance Sheet Account 3132, beginning in FY 2023-24 and continuing until the loan is
satisfied, from Fund 001, Account 4100, Transient Occupancy Tax revenues exceeding the FY
2019-20 base revenue cap set by the Board of Supervisors for determining the future annual
allocation to the Monterey County Convention and Visitors Bureau, Arts Council, Film
Commission, and Monterey County Business Council;
5) Transfer $8,690,000 for FY 2021-22 to Capital Projects, Fund 404, Appropriation Unit PFP057,
from LSRA, Fund 453, Appropriation Unit CAO046 ($1,283,905), and General Fund, Fund 001, Other
Financing Uses Appropriation Unit CAO017 ($7,406,095) (4/5ths vote required); and
6) Incorporate the approved budget modifications to the FY 2021-22 Budget.
c. Authorizing and directing the County Administrative Office[1]Budget Division to:
1) reflect above approved changes in the FY 2022-23 Adopted Budget; and
2) bring forward in June 2023 adjustments to cap the contribution of TOT revenue to the Monterey
County Convention and Visitors Bureau, Arts Council, Film Commission, and Monterey County
Business Council in the FY 2022-23 General Financial Policies.
