Richard Perez, former MRA executive director, will stay on to assist Silva during the transition process for an undetermined amount of time.
Richard Hernandez, chairman of the MRA board, said that Silva had been behind the scenes learning about the board and its projects within the city’s Tax Increment Reinvestment Zone.
Hernandez said that Silva’s contract agreement is set for a year, during this time he added Perez would assist in his training and transfer of responsibilities. He added Perez also received the same assistance from the executive director before him.
“Having Mr. Silva take the executive director position will be a good thing for the city,” Hernandez said. “He is very familiar with the way the redevelopment authority works, we have always kept Mr. Silva in the loop.”
Silva will still be an employee with the MEDC; his current annual salary is $65,000. Now, the executive director will be earning a stipend of $3,000 per month through the MRA.
Perez earned $5,000 per month for his time as executive director but during the transition, Perez will receive $2,000 instead. Both Perez and Silva are splitting the $5,000 stipend.
“I have been with the MEDC for 10 years and I’ve always seen the TIRZ from the outside,” Silva said. “I’m excited because now I can continue my MEDC activities and I have one more vehicle to offer to businesses that are trying to come into the city.”
The new executive director said he was very excited to serve with the MRA, he added this was his first time on a board relative to the city.
In other business, the MRA board received an update from Ricardo Gallaga with L&G Engineering on the Conway Streetscape project. He explained construction crews would complete the east side of Conway Avenue and move over to the west side of the street in the upcoming weeks.
“They have started on the west side but only saw cutting, prepping for demolition,” Gallaga said. “By this week, the contractor should be installing the cantera star inlay in the sidewalks. They should also be pouring the grapefruit foundation at the Leo Peña Placita.”
Gallaga said the grapefruit structure would be welded back into place before the end of the month where it would be sanded and repainted.