Wednesday, February 3, 2016

Seaside considers hiring firm to appraise proposed Monterey Downs land

Map of the proposed Monterey Downs project area. (Courtesy City of Seaside)

As the city awaits the final Environmental Impact Report for the Monterey Downs specific plan, the Seaside City Council will consider hiring a firm to appraise the property at the Feb. 4 council meeting.

“The city and developer can't negotiate a price without knowing the value of the property,” said Teri Wissler Adam, Seaside contract project manager. The council will likely authorize the city manager to draw up a Professional Service Agreement with The Dore Group to perform Real Property Appraisal Services for Monterey Downs, Monterey Horse Park and Central Coast Veterans Cemetery.

The Monterey Downs project is proposed to include a 225,000 square foot horse training facility with a track, stabling area and a 6,500 seat sports arena and grandstand. It is proposed to also include a 330,000 square foot commercial center, a 15,000 square foot horse park, visitor center, office space, veterinary clinic and stables. Two affordable hotels totaling 256 rooms, 1,280 residences, a 100,000 square foot office park, a 200-room hotel of 100,000 square feet, a 5,000 square foot tennis and swim club, a 73-acre habitat preservation area and 74 acres dedicated to open space, parks and infrastructure.

 The cemetery includes 13,838 burial sites, administration building, maintenance yard and building, memorial areas, veterans hall, cultural history museum, chapel and 300-seat amphitheater. The appraisal process would include all areas of the proposed project except the veterans cemetery, a habitat restoration area and a recreational habitat area.

It is not known how long the appraisal process would take. Upon city approval, city staff would finalize the $124,975 contract with Dore which would be reimbursed to the city by the developer.

According to the city, there is not yet a date for receiving the final EIR even though the draft EIR ended its public comment period eight months ago.

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