BOARD AGENDA MEMORANDUM
SUBJECT:
Title
Budget Adjustment in the Amount of $530,000 for the San Francisco Bay Shoreline Economic Impact Areas 1-4 Project, Project No. 26444002 (District 7).
End
RECOMMENDATION:
Recommendation
Approve a budget adjustment in the amount of $530,000 from the Safe, Clean Water and Natural Flood Protection Program, Fund 26, Operating and Capital Reserves to the San Francisco Bay Shoreline Economic Impact Areas (EIAs) 1-4 Project, Project No. 26444002.
Body
SUMMARY:
The San Francisco Bay Shoreline Phase II Feasibility Study (Feasibility Study) is a partnership with the California State Coastal Conservancy (Coastal Conservancy), the U.S. Army Corps of Engineers (USACE), and regional stakeholders to provide tidal flood protection, restore and enhance tidal marsh and related habitats, and provide recreational and public access opportunities in EIAs 1-4, from San Francisquito Creek in Palo Alto to Mountain View Slough and Permanente Creek in Mountain View.
As the local Non-Federal Sponsors of the Feasibility Study, Valley Water and the Coastal Conservancy will provide 50-percent of the total Feasibility Study cost. The current approved Feasibility Study cost is $3 million of which to date the Non-Federal Sponsors have provided $950,000. Valley Water is funding the local share of the Feasibility Study through the Safe, Clean Water and Natural Flood Protection Program (Safe, Clean Water Program) San Francisco Bay Shoreline Protection Project (Project E7).
A budget adjustment is necessary because USACE expended more funds in FY21 than anticipated towards the development of the focused array of alternatives. USACE is requesting an additional $400,000 not originally anticipated to be expended during FY21 to support the development of the focused array of flood protection and ecosystem restoration alternatives as well as the cost and benefits analyses necessary to determine the Tentatively Selected Plan (TSP) the team will recommend fo...
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