October 2007

In a previous issue of The Ventana (Vol.46, #3, 2007), we reported that the Club and City of Marina had come to an agreement to reactivate the Marina Protection, Conservation and Restoration Account, formerly known as the Marina Habitat Conservation Fund, in the amount of $230,000. The Club's attorney, Michael Stamp, and the assistant city attorney, Ken Buchert, recently found that the City owed the account an additional $105,000 in accrued interest. On August 21, the Marina City Council approved the transfer of the accrued interest to the account along with future transfers of quarterly interest payments. The Monterey Peninsula Regional Parks District, the Garden Beach Project, and Marina's Community Development Department are preparing project proposals to use the funds for coastal zone improvements. We eagerly await the opportunity to review the applications.