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7.B. - Page 22 of 42 Agency Startup SMC pays $35ok Services' $1.1 million � 20 cities pay $75ok $40ok from SMC MOU Services $40ok +potential neve MOU funding $TBD -depending on specific project needs All 21 entities • Participating cities and the County • Existing Active Flood Control District Flood Zones • C/CAG Agency startup services include developing an Integrated Flood and Sea Level Rise Resiliency Investment Plan and securing long- term funding for the Agency. Table 1. Agency Description of Roles & Responsibilities by Funding Level. The annual funding contribution by the County and by cites (allocated by population) would be as follows; 50% COUNTY !;0% CITIES (BASED ON POPULATION) County - $750,000 Additional funding from MOU participants Tier 1 Cities $175,000 Figure 2. 5o/5o Cost -Share Based on Population. Tier 2 Cities $360,000 Tier 3 Cities $220,000 CITY BREAK -DOWN (BASED ON POPULATION) TIER POPULATION 1 0-20,000 COST # OF PER CITY CITIES $25,000 7 ■ 2 20,001- 60,000 $40,000 ■ 3 60,001+ $55,000 0 4 Cities participating in existing or future MOU Projects will also contribute to the funding of their respective projects. This may be through in-kind staffing services if the city is the project lead, the city's local share for grant matching funds, or direct financial contributions towards consultant or construction costs. A primary objective of the agency in the first 3 years, will be to design an Investment Plan in order to establish a source of sustainable funding. The County and the City would make their annual financial contributions for three years following the Agency's formation. During this three year time period the Agency would pursue an alternative and more sustainable long term funding structure such as an Enhanced Infrastructure Financing District, a Geologic Hazard Abatement District, or a targeted special tax. This would require 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 will be extended for up to an additional two 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. Flood and Sea Level Rise Resiliency Agency Proposal 5 214 Per existing Flood Control Flood Control District (Pre -Proposition 13 District Services $3,g million property tax revenue) • Countywide Stormvvater $1.5 million Existing FCD (Countywide Fees Collection fees on tax roll on behalf of C/CAG) All 21 entities • Participating cities and the County • Existing Active Flood Control District Flood Zones • C/CAG Agency startup services include developing an Integrated Flood and Sea Level Rise Resiliency Investment Plan and securing long- term funding for the Agency. Table 1. Agency Description of Roles & Responsibilities by Funding Level. The annual funding contribution by the County and by cites (allocated by population) would be as follows; 50% COUNTY !;0% CITIES (BASED ON POPULATION) County - $750,000 Additional funding from MOU participants Tier 1 Cities $175,000 Figure 2. 5o/5o Cost -Share Based on Population. Tier 2 Cities $360,000 Tier 3 Cities $220,000 CITY BREAK -DOWN (BASED ON POPULATION) TIER POPULATION 1 0-20,000 COST # OF PER CITY CITIES $25,000 7 ■ 2 20,001- 60,000 $40,000 ■ 3 60,001+ $55,000 0 4 Cities participating in existing or future MOU Projects will also contribute to the funding of their respective projects. This may be through in-kind staffing services if the city is the project lead, the city's local share for grant matching funds, or direct financial contributions towards consultant or construction costs. A primary objective of the agency in the first 3 years, will be to design an Investment Plan in order to establish a source of sustainable funding. The County and the City would make their annual financial contributions for three years following the Agency's formation. During this three year time period the Agency would pursue an alternative and more sustainable long term funding structure such as an Enhanced Infrastructure Financing District, a Geologic Hazard Abatement District, or a targeted special tax. This would require 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 will be extended for up to an additional two 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. Flood and Sea Level Rise Resiliency Agency Proposal 5 214