How will local dollars be raised for new levee improvement and repair projects?
The majority of costs for necessary improvements to West Sacramentos levees would be funded through state and federal assistance. However, local communities are required to pay for a portion of the overall costs. A new annual parcel assessment from property owners would help raise half, or $41 million, of the necessary local funds for levee improvements and repairs. The City Council also approved an in-lieu fee that requires new development to contribute to achieving 200-year flood protection. New development may demonstrate that new structures have 200-year flood protection or pay a fee in lieu of making such physical improvements. The in-lieu fee and ordinance, which took effect in July 2007, was designed to raise up to $41 million. However, revenues are dependent upon development and are subject to fluctuations in the real estate market.
Related Questions
- How many bond projects leverage additional dollars from the private and non-profit community and/or other local political subdivisions? What is the amount of funds that potentially could be leveraged?
- Can dollars raised by community fundraising activities be counted toward our local matching dollars?
- How will local dollars be raised for new levee improvement and repair projects?
