Res21 16010 final - Laserfiche WebLink

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Recommended Planning-Area-Wide Actions  Low—The action could be funded under the existing budget. The action is part of or can be part of an ongoing existing program.  Benefit:  High—Action will provide an immediate reduction of risk exposure for life and property.  Medium—Action will have a long-term impact on the reduction of risk exposure for life and property, or action will provide an immediate reduction in the risk exposure for property.  Low—Long-term benefits of the action are difficult to quantify in the short term. To assign priorities, each action with a benefit rating equal to or higher than its cost rating (such as high benefit/medium cost, medium benefit/medium cost, medium benefit/low cost, etc.) was considered to be cost- beneficial. This is not the detailed level of benefit/cost analysis required for some FEMA hazard-related grant programs. Such analysis would be performed at the time a given action is being submitted for grant funding. 22.2.2 Implementation Priority Implementation priority ratings were assigned as follows:  High Priority—An action that meets multiple objectives, has benefits that exceed costs, and has a secured source of funding. Action can be completed in the short term (1 to 5 years).  Medium Priority—An action that meets multiple objectives, has benefits that exceed costs, and is eligible for funding though no funding has yet been secured for it. Action can be completed in the short term (1 to 5 years), once funding is secured. Medium-priority actions become high-priority actions once funding is secured.  Low Priority—An action that will mitigate the risk of a hazard, has benefits that do not exceed the costs or are difficult to quantify, has no secured source of funding, and is not eligible for any known grant funding. Action can be completed in the long term (1 to 10 years). Low-priority actions may be eligible for grant funding from programs that have not yet been identified. 22.2.3 Outside Funding Pursuit Priority Outside funding pursuit priority ratings were assigned as follows:  High Priority—An action that meets identified funding eligibility requirements, has high benefits, and is listed as high or medium implementation priority; local funding options are unavailable or available local funds could be used instead for actions that are not eligible for funding from an outside local government source.  Medium Priority—An action that meets identified outside funding source eligibility requirements, has medium or low benefits, and is listed as medium or low implementation priority; local funding options are unavailable.  Low Priority—An action that has not been identified as meeting any outside funding source eligibility requirements. 22.2.4 Social Equity Priority For planning partners that chose to apply an equity lens to their prioritization scheme, the following parameters were established: 22-3