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AgdaPkt 2019-04-08 Joint SA PFA
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AgdaPkt 2019-04-08 Joint SA PFA
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Last modified
9/24/2020 10:54:06 AM
Creation date
4/4/2019 4:43:39 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
4/8/2019
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7.B. - Page 12 of 42 <br />City and Countywide Benefits <br />A vision for 2100: One Resilient Shoreline <br />Project Assistance. WiLL plan, permit, design, construct and provide <br />Long-term maintenance for projects. <br />Funding Access. Will access and Leverage state and federal funds. <br />Public Education. Will educate stakeholders and the public on the need <br />for any potential revenue measures to fund the Agency or implementation <br />of projects. <br />Prioritized Multibenefit Projects. Will ensure that collaborative projects <br />Will be coordinated, won't create unintended consequences, and Won't <br />duplicate efforts. <br />Stormwater Detention Solutions. Will be implemented from C/CAG's <br />plan for countywide compliance on the Municipal Regional Permit. <br />Annual Funding <br />50 <br />COUNTY <br />5(%% <br />CITIES County <br />(BASED ON $750,000 <br />POPULATION) <br />♦ <br />Additional funding <br />from MOU participants <br />Tier 1 Cities <br />$175,000 <br />I <br />Tier 2 Cities <br />$360,000 <br />Tier 3 Cities <br />$220,000 <br />CITY BREAK -DOWN <br />(BASED ON POPULATION) <br />COST # OF <br />TIER POPULATION PER CITY CITIES <br />1 0-20,000 $25,000 7 <br />2 20,001 - 60,000 $40,000 9 <br />■ 3 60,001 + <br />LONGTERM FUNDING <br />A primary objective of the agency in the first 3 years, will be to design an <br />Investment Plan in order to establish a source of sustainable funding. The <br />County and the City would make their annual financial contributions for <br />three years following the Agency's formation. During this three year time <br />period the Agency would pursue an alternative and more sustainable long <br />term funding structure. In the event a Long term funding structure is not <br />in place within this three year period, and provided the cities and County <br />agree, the annual funding contributions of the County and the cities will be <br />extended for up to an additional two years. <br />Contact <br />Are you ready to Leverage our opportunities to create a one shoreline <br />resilient county? Contact Erika Powell, San Mateo County, <br />epoweLL@a smcgov.org, (650) 599-1488 <br />$55.000 4 <br />FP <br />
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