update to proposition 1e – early implementation project (eip) application and local share
DESCRIPTION
Update to Proposition 1E – Early Implementation Project (EIP) Application and Local Share. Reclamation Board Sub-Committee Meeting September 11, 2007. Segment 3. Segment 2. Segment 1. Site 7 (Segment 1). Feather River Early Implementation Project. EIP Status. - PowerPoint PPT PresentationTRANSCRIPT
Update to Proposition 1E –Early Implementation Project (EIP)
Application and Local Share
Reclamation Board
Sub-Committee Meeting
September 11, 2007
Segment 3
Segment 1Site 7 (Segment 1)
Segment 2
Feather River Early Implementation Project
EIP Status
• Submitted Application on April 30, 2007• Received DWR EIP preliminary notification letter
late August 30, 2007• Met with DWR officials to discuss requirements of
letter on September 4th • Anticipated EIP project cost $188.8 million
– Proposed state share: $138.5 million– Proposed local share: $50.3 million
• EIP elements:– Segment 2 and 3 funded, included in total cost– Segment 1 and site 7 not funded, included in total cost– Ecological Restoration not funded and not included in total
cost
EIP Agreement Schedule
• Anticipated schedule:– TRLIA, Yuba County Board of Supervisors, and
RD784 approve financial plan required by EIP: September 25th
– TRLIA submit financial plan & supporting documentation to DWR: September 27th or 28th
– DWR to complete review: mid October– Agreement finalized and signed: early November– Initial funding from DWR: early/mid December
Local Share Status
• Financial plan is being prepared jointly by: Yuba County, TRLIA, and landowners
• Key components of Plan:– Funding strategy: Combination of many options
are being considered such as: Capital Calls (2nd funding agreement), Benefit Assessment District, and other government funds
– Three year audit of TRLIA financial records is being completed by CPA
– Information on current and projected O&M costs
Additional Local Documentation
• Items to be submitted by end of September: – Provide additional information on strategy to 200
year flood protection– Further define flood risk in affected area and
provide Acknowledgement of flood risk via a resolution by Yuba County
– Permits and environmental compliance documentation
• Future items (prior to actually funding):– Emergency response plan– Hydraulic modeling and design information
EIP Concerns
• Lateness of funding and potential impact on TRLIA 2008 Completion Goal
• Cost overruns beyond built-in contingency are the responsibility of TRLIA
• Reimbursable funding vs. upfront funding by State
• Expenses incurred before Agreement is in place are not guaranteed to be covered – subject to negotiation
• Ecological restoration funding from other sources
Summary
• Thankful for opportunity to obtain State funding
• Preparing to submit Financial Plan and other documentation by end of September
• Anxious to receive state funding and make major progress towards:– 200 year flood protection for South Yuba County– Achieve all the benefits obtained by building the
Feather River setback levee