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7.B. - Page 3 of 42 Annual Funding ,o MorrY t f , � CME5O..,Y—e U sm oraPOPULKMN, 5754,040 Additional funding frorn MOU participants Tier i.Cities $i7-5.004 Tier z Cities $364.00D Tier. 3 Cities $220,D00 CITY URE4K-DOW N rEA SED ON POPR. TUM C06r 40F TIER POPULATION PER CFFY CME5 1 0-20.000 526,004 7 0 2 20,401- 60,000 $40.000 ■ 3 50,001+ x,004 9 4 Of the County's $750k share, $350k will go to supplement the cities/towns' contribution, resulting in a grand total of $1.1 million as annual "Start-up" funds. The remaining $400k County contribution would be used to continue its current Flood Resilience Program under which the County is leading efforts with seven cities under three memoranda of understanding (MOUS) to address multi -jurisdictional flooding problems in three different watersheds. One of the three MOUS is the Bayfront Canal. City/town contributions for specific Flood Resilience Program projects are established and can be revised under the terms of the adopted memoranda of understanding. During this three-year period, the Agency's activities would generally fall into two categories: continuing existing efforts and securing on-going reliable funding for the new agency. For the first, the Agency would continue implementing the District's zone -based flood control activities (proposed initially through contracting with County Department of Public Works) and maintain the Flood Resilience Program that is working with the seven cities under three memoranda of understanding. For the Start-up services, the Agency would develop an Integrated Flood and Sea Level Rise Investment Plan that would define the flood, stormwater, and sea level rise projects and priorities. This information will be essential to the community and stakeholder engagement process. The intent will be to secure long-term sustainable revenue, such as through an Enhanced Infrastructure Financing District, a Geological Hazard Abatement District, property -related fee, or targeted special tax, any of which will require significant community and stakeholder engagement and outreach. In the event a long-term funding structure is not in place within this three-year period, the annual funding contributions of the County and the cities are proposed to be extended for up to two additional years provided that (1) the Agency is demonstrating sufficient progress toward meeting its objectives, and (2) the cities and the County agree to continue their respective funding contributions. Securing a reliable funding source for the modified District will require a robust public engagement process and may require voter approval. The countywide public information and engagement process will require multiple localized meetings to address specific issues within each coastal reach. In addition, information developed as part of the proposed Flooding and Sea Level Rise Investment Plan will be important to the public engagement process. City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore 195