RES 271 Draft 01 2018-2020 - Laserfiche WebLink

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• Pursue Multiple Funding Opportunities. While major funding is available from Federal and State partners, each comes with a unique set of rules, regulations and deadlines, and is often sector specific, making it complex to align the various sources and harmonize solutions. Public-private partnerships will be a valuable tool to leverage in the rebuilding of infrastructure systems. o The first update, as well as all subsequent reports, shall include a monthly status report on the Recovery budget including project expenditures and descriptions, newly obtained funds (ie. grants, loans, private donations), along with requests to allocate funds beyond what is articulated in Attachment B (Work-in-Progress Budget). The first update shall include a list of rules, regulations, and deadlines to spend money for each of the available funding streams; as new resources are secured, a report of this nature should be provided to the Council. B. Work-in-Progress Funding Sources To date, the following funding sources have been committed for emergency response, near- term recovery, and long-term recovery (see Figure 1): • Governor's Allocation. The Mayor requested assistance from the Governor, who promptly responded with $12M on June 7, 2018 to assist with emergency response, followed by $10M on October 29, 2018 to assist with continued relief and recovery planning. o Ordinance 18-86: $12M for emergency response—target spend-down by end of FY 2018-19. o Ordinance 19-2: $10M for relief and planning—target spend-down by end of calendar year 2019. • State Legislature. Act 9/2019: Appropriated a total of $60M to assist with recovery. The anticipated spend-down is by the end of FY 2020-21. o Ordinance 19-52: $20M subsidy to provide relief, recovery, mitigation, and remediation assistance; o Ordinance 19-30: $40M loan to obtain non-state funds to provide relief, recovery, mitigation, and remediation assistance. • FEMA. In addition to Individual Assistance and Public Assistance under the Stafford Act, FEMA provided the following grant assistance in response to applications by the County: o Ordinance 18-87: Pre-Disaster Mitigation Grant ($225,000) for risk assessment and mitigation alternatives study—$75,000 match; o Ordinance 19-33: Disaster Case Management ($1.73M)—no match required; o Ordinance 19-10: Public Assistance, Section 428—amount based on cost estimates that are still being developed, currently estimated at $120M; requires 25% match. This is a relatively new FEMA program that would allow the County to consolidate the estimated cost estimates to replace public facilities taken or damaged by the eruption with the flexibility to use the funds to build replacement facilities outside the damaged area in lieu of past policies that only allowed strict replacement only in the original location. • Ordinance 19-8: EDA for economic recovery plan ($250,000)—$250,000 match. Int .=-;r-z ::h.... ',} F Y. t,.:y�'� �: August 2019 t i'y. f�