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Monterey County, CA November 5, 2002 Election
Smart Voter

City Development

By Mike Ventimiglia

Candidate for Mayor; City of Del Rey Oaks

This information is provided by the candidate
How best to utilize the 360 acres annexed to the City of Del Rey Oaks from the former Fort Ord.
Reevaluate and reassess our present position in planning the development of the former Fort Ord property. We want to make sure that we are still on course as to what is to be done with the property at the former Fort Ord. Presently the City owes approximately $177,000 to the city's negoiating team members and TMG Delvelopers for work on the Fort Ord Hotel site and the Shay well. Presently the City's Budget stands at approximately $400,000 not included in this amount is this outstanding debt. The City cannot continue this course of action it is a financial drain on the city. I suggest some town hall meetings to sollict input from the citizens and bring them up to date on our present status.

The development of this property and addressing the water and service issues of the property is essential for stabilizing our economy. As we continue to pursue the release of the property we must secure a partnership with a developer, who can go the distance. Presenty we have gone out for a Request for Proposal for a new developer as we have lost the last two developers who could not stay the course. They did not have the financial backing to see the project through.

Withdrawal of these developers presents a problem given the state of the economy investors are reluctant to invest in such a costly project as being proposed. This is the reason I suggest we take the time to reevaluate the present project and present some alternatives that may allow development in stages. Once the property is released by the military and signed off by the State of California a developer would be allowed to develop portions of the property. This in turn would generate needed revenue for the fiscal stability of the City.

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