Agenda - Environmental Policy Board - 03/16/2020

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o Multiple benefits o Cause of the problem o Benefactors of the solution o In -kind or cash match of non-public funds • A single application may include multiple project types. • Cost -benefit analysis will be conducted with consideration of all benefits and costs over the life of the project. • Public benefits for projects will be measured in terms of the actual benefits to the priority resource. • When determining project benefits, water quality, water quantity, ecological, and soil health benefits will be considered. • Grant awards will be based on the lowest cost option that achieves the project objective. • 100% of project costs may be paid for with public funds provided the project cooperator is not substantially at fault for creation of the problem. A curb cut rain garden that treats water from much of the neighborhood but very little of the cooperator's property is an example. • Investment of public funds into a project will be considered in terms of the benefits received by the public. • ACD will consider all public funds going toward a project when determining if the project is worthwhile on a cost -benefit basis, not just those funds invested by or through ACD. APPLICATION AND FUNDING PROCESS • Projects are reviewed by ACD staff and complete grant applications are considered for funding by ACD's Board of Supervisors at their monthly meeting. • Grant applications should be submitted to ACD staff at least two weeks prior to regularly scheduled board meetings. • The ACD board may act to obligate funds toward a project without fully encumbering those funds within a contract. This serves to reserve funds for projects while other elements of project planning, design, and coordination can be finalized. • Case by case, project sponsors/landowners/applicants may be required to provide an escrow in the amount of anticipated design and engineering costs. If the project construction bids come in within 10% 48