BOARD AGENDA MEMORANDUM
SUBJECT:
Title
Sponsorship of Bay Area Council's California Resilience Challenge.
End
RECOMMENDATION:
Recommendation
A. Receive information on the Bay Area Council's California Resilience Challenge; and
B. Approve the request for sponsorship in the amount of $200,000.
Body
SUMMARY:
The Bay Area Council (BAC) is requesting sponsorship of the California Resilience Challenge (Challenge), which BAC is leading with a variety of business partners. The Challenge was formed out of a desire to privately fund comprehensive, statewide climate adaptation planning that reflects the diversity of California communities. The Challenge was jumpstarted with a $1 million contribution by PG&E, and other businesses and philanthropic organizations have added to the fund. The Challenge is now seeking funds from public utilities to meet its fundraising goal of at least $10 million.
The Challenge will announce the total funding raised during the Global Climate Action Summit in San Francisco on September 12-14, 2018. Over the winter months, the Challenge will assemble a Steering Committee and Advisory Committee that will draft a Request for Proposals (RFP) for actionable, permit-ready projects to compete for Challenge funding. The RFP will then be released during a public event in Spring 2019. The Challenge will select projects that reflect the state's economic, cultural, and geographic diversity and are innovative, replicable, and shovel-ready by the end of 2019. The exact criteria for project qualification will be determined by the Challenge's Steering Committee and will be outlined in the RFP that will be released in early 2019. In summer 2019, up to 10 winning proposals will be selected and announced by the Steering committee.
The Challenge offers five tiers of sponsorship, from $100,000 to $1 million. Funds raised by the Challenge will be distributed in two types of grants: Project Sponsor Grants and At-Large Grants. Those who have given $500,00...
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