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TRANSPORTATION AGENCY FOR MONTEREY COUNTY Memorandum | |
| | | | | | | | | To: | Board of Directors | | From: | Debra L. Hale, Executive Director | | Meeting Date: | June 24, 2020 | | Subject: | Budget Amendment to Add Part-Time Retired Annuitant |
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| | | | | | | | | RECOMMENDED ACTION: | | APPROVE budget amendment to extend into fiscal year 2020/21 the retired annuitant at .25 Full Time Equivalent, for assistance with development of the Agency's Fort Ord property. |
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| | | | | | | | | SUMMARY: | | In the current budget year, TAMC hired Jim Cook, retired Monterey County Economic Development and Redevelopment Director, as a half-time retired annuitant to work with the agency on Fort Ord Property management and development. The recently approved Fiscal Year 2020/21 budget deleted this position, but it has become apparent that while the property management work is largely done, the development work will continue into the next fiscal year. |
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| | | | | | | | | FINANCIAL IMPACT: | | The fully-loaded cost for this position at a .25 full-time equivalent position is $43,053. In the current year, the hours billed have been below this level of expenditure. This cost would paid for out of the lease revenues from the Monterey Branch Line property, of which there is an adequate balance to cover this expense. |
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| | | | | | | | | DISCUSSION: | TAMC currently owns 12.1 acres located on the former Fort Ord within the City of Marina (see location map, attached). The property is east of Highway 1 adjacent to the Monterey Branch Line. Seven buildings totaling 100,000 square feet are currently located on the site. The Army used the buildings, constructed between 1941 to 1953, as warehouses to support the military mission at the former Fort Ord. Approximately half of the building square footage is wood construction and the balance are of concrete construction. About half of the buildings have been used by local non-profit or governmental organizations since 2005 for storage purposes.
In the 2019/20 budget, TAMC approved the addition of a half-time retired annuitant, Jim Cook, to do an analysis of property management needs and evaluate the development potential. In March 2019, the TAMC Board authorized the use of Monterey rail line lease revenues to cover property management and related expenses. Since that time, staff has completed a number of actions designed to secure the property and explore future development opportunity. There is interest on the part of Shea Homes and the City of Marina in coordinating with TAMC on a transportation-oriented development on the site. Also, the SURF busway project is exploring the use of the adjacent MST property for a transit station.
Due to continuing activities related to the potential development of the Agency's Fort Ord property, it is recommended that the retired annuitant be retained in the coming fiscal year, albeit at a quarter-time rather than at half-time.
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