Vacation Rental Management Agreement by bda18597

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									Governor’s Principles for Fort Monroe
                  Respect Fort Monroe’s history




                         Maintain Public Access




Achieve economic sustainability

                                                  2
Respect Fort Monroe’s History
                    Programmatic Agreement
                     identifies five management zones
                     and provides preservation
                     guidelines and rehabilitation
                     standards. Management zones
                     incorporated in the Reuse Plan.

                    Interpretative Master Plan will
                     define the process for story telling
                     of historic events, museums and
                     tourism.

                    Historic resources will be
                     preserved. Area inside the moat
                     has highest protection. The
                     Historic Village contains most of
                     the historic buildings.



                                                         3
Maintain Public Access
   New design for entrance,
    parking and improved road
    grid will invite entry and
    circulation for the public
    use.

   Reuse Plan opens Fort
    Monroe to public use with
    a large open-space park in
    the green zone.

   Expand marina, open
    beaches, develop/expand
    hiking trails

                                 4
Achieve economic sustainability

                       Historic resources will be
                        marketed with long-term
                        leases to be adaptively reused
                        using historic preservation tax
                        credits. Plan will achieve a
                        mix of residential, lodging,
                        office, and light retail.

                       Land use plan calls for limited
                        new construction. Control
                        height, geographic extent and
                        architecture.

                       Blend culture, commerce,
                        workplace, housing, tourism,
                        lodging

                                                       5
External influences
 BRAC Timeline-Reuse Plan and HUD
 agreement by August 2008 are complete

 Army’s Section 106 Programmatic
 Agreement by August 2008 is very near
 completion




                                         6
National Park Service
   Resources of Fort Monroe likely to meet criteria as potential
    unit of NPS

   Due to cost/other factors, entire resource base of Ft Monroe not
    likely feasible for NPS designation

   Further Study recommendation deferred by NPS pending review of
    FMFADA Reuse Plan.

   FMFADA formally requested NPS interpretive reuse planning and
    technical advice.




                                                                       7
National Environmental Policy Act
   Primary Stakeholders: US Army, VDEQ, VDOT, FMFADA,
    Commonwealth

   Army will lead NEPA effort and has committed to
    completing an Environmental Impact Statement (EIS) for
    the closure of Fort Monroe (12-18 months) Begin in 60
    days




                                                             8
Environmental Cleanup
   Primary Stakeholders: US Army, VDEQ, FMFADA, and
    Commonwealth

   Additional Stakeholders: VDHR, Additional TBD Agencies,
    and the public

   US Army required to fund investigation and cleanup under
    BRAC law

   Planned future uses identified in Reuse Plan will be
    considered by VDEQ when developing cleanup requirements




                                                               9
City of Hampton Working Relationship
   Cooperative Agreement with City to provide in-
    kind services. Served as Fiscal Agent through
    FY08.
   Regular meetings with City Staff. Lead
    negotiations with area Homeless assistance
    providers
   Two City council members assigned to FMFADA
    (non-voting) Seven members appointed to
    FMFADA Board by City
   Economic impact analysis with Consultant Team


                                                     10
Real Estate planning and budget impacts
   Establish Virginia’s long-term plan for governance of Fort
    Monroe (workshop to explore strategy with State
    Departments). Plan for phased implementation.

   Anticipate need for Fort Monroe line item in state budget to
    fund interim seed money to develop, manage and market
    the property beginning in July, 2009.




                                                                 11
Living in Virginia’s historic seaside town
   Lease the remarkable
    collection of historic
    homes and buildings
   Select buildings for
    visitor's services
    inside moated fort
   Short-term leases and
    vacation rental of
    Wherry housing units
   Change North gate
    from industrial to
    residential
Cost to Operate Fort Monroe
    The U.S. Army currently budgets approximately $15
     million to operate and maintain Fort Monroe

    After transfer to the Commonwealth in late 2011, many
     of these costs will be paid for by Fort Monroe’s tenants

    Public services may be provided by the City of Hampton
     pursuant to an agreement to be negotiated with the
     FMFADA




                                                                13
Potential FMFADA Cash Flow
   FMFADA will identify buildings “ready to go” to
    generate immediate cash flow
   A master developer may be solicited and engaged
    to handle marketing, development, and
    management of Fort Monroe’s real property
    assets
   Preliminary financial forecasts indicate that
    FMFADA’s long-term financial position will be
    strong:
       Over 20-year period, real estate proceeds could
        generate approximately $50 million above operating and
        capital costs identified-to-date
                                                             14
Fort Monroe: A future for
 freedom’s legacy




                            15

								
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