ITEM TITLE:
#22-19 - Supporting Valdez Fisheries Development Association in a Non-Federal Cost Share of $393,750 to Partner with the US Army Corps of Engineers Alaska District to Fund Robe Lake Feasibility Study
SUBMITTED BY: Mark Detter, City Manager
FISCAL NOTES:
Expenditure Required: N/A
Unencumbered Balance: N/A
Funding Source: N/A
RECOMMENDATION:
Approve Resolution Supporting Robe Lake Habitation Restoration Feasibility Study
SUMMARY STATEMENT:
Valdez Fisheries Development Association is requesting City of Valdez join as the non-federal cost share co-sponsor to provide funding of a feasibility study, including planning and design of project for the long-term improvement of salmon habitat in Robe Lake.
In 2021, a Resolution was approved by City Council in support of making application to the Army Corps of Engineers for feasibility study.
The initial feasibility study to be conducted is estimated to cost $1,260,000. The maximum project costs is $1,500,000. The study includes elements related to engineering, economics, and environmental compliance. The major costs associated with the study to relate to flood control issues and the environmental investigation related to NEPA requirements and justifications for the project based on environmental need.
VFDA has secured the commitment of the Tatilek Corporation to partner on the project and the VFDA Board has committed to funding toward the project.
The funding participation for the maximum costs of the feasibility study reflect the following breakdown.
Army Corp of Engineers Funding-$485,000
Tatitlek Corporation Sponsorship-$530,000
City of Valdez Funding-$393,750
VFDA Funding-$91,250
Total Maximum Budget=$1,500,000
The funding participation for estimated costs reflect the following breakdown:
Army Corp of Engineers Funding-$365,000
Tatilek Corporation Sponsorship-$530,000
City of Valdez Funding-$273,750
VFDA FUNDING-$91,250
TOTAL ESTIMATED COSTS=$1,260,000