West Onslow Beach/ Topsail Beach Coastal Storm Damage Reduction Project

1. West Onslow Beach/Topsail BeachCoastal Storm Damage Reduction Project Town of Topsail Beach Board of Commissioners Brief July 9, 2014 Presented by U.S. Army Corps of EngineersWilmington District

2. OVERVIEW • Project Update: Current Status • Process to get to a Federal Project: Steps • Project History: How did we get where we are? • Project Description and Cost: What will the Federal Project achieve? • Fiscal Overview: How much have we spent and on what? • Project Authorization – FINALLY! • The Path to Construction

3. PROJECT UPDATE • General Reevaluation Report defining the project was approved in final form in 2009 • Preconstruction, Engineering and Design Phase of Work: preliminary design documentation completed • Project is ready for preparation of construction documents once real estate acquisition has been completed • Project authorization received in 2014

4. PROCESS TO GET TO A FEDERAL PROJECT • Request from a local entity and, in most cases, Congressional study authority • Cost-shared study completion to identify Federal interest in a potential project • Cost-shared preconstruction, engineering and design for preparation of project plans and specifications • Project authorization (can occur at any time after study completion) • Construction appropriation/Project Partnership Agreement Execution • Real Estate Acquisition • Construction Contract Award

5. WOB/TOPSAIL BEACH PROJECT HISTORY • 4 Congressional study resolutions were used to undertake the original Feasibility Study that recommended a project at Topsail Beach. Feasibility Report was completed in 1990. • Project was authorized in Water Resources Development Act of 1992 • Design activities were completed in 1992; Town decided not to sign the Project Cooperation Agreement • Request was received to re-look at a Federal project in late 1990s, and General Reevaluation Report (GRR) was completed between 2001-2009 • Design activities for modified project were initiated in 2010 and preliminary design was completed in 2014 • Locally Preferred project was authorized in WRRDA 2014

6. UPDATEDAUTHORIZED PROJECT

7. UPDATEDAUTHORIZED PROJECT Project life: 50 years Initial construction cost: $39.4M ($25.6M Fed/$13.8M Non-Fed) Renourishment cost/life: $265.5M ($132.8M Fed/$132.8M non-Fed) 23,200 feet long Dune and Berm

8. FINANCIAL SUMMARY PROJECT PHASE FEDERAL NON-FEDERAL TOTAL COST Feasibility Report (1990) $963,000 $963,000 Project Design $346,200 $115,400 $461,600 GRR (2001-2009) 75/25 cost share $2,025,750 $675,250 $2,701,000 50/50 cost share $ 499,000$499,000 $ 998,000 $2,524,750 $1,174,250 $3,699,000 Project Design $685,500 $228,500 $914,000 TOTALS: $4,519,450 $1,518,150 $6,037,600 Available funds remaining: $25k (coordination, budget process, PPA dev) Additional funds required for Econ Update: $60k ($45 Fed/$15 non-Fed)

9. PROJECT AUTHORIZATION AT LAST: Water Resources Reform and Development Act of 2014

10. THE PATH TO CONSTRUCTION • Complete economic/project cost update • Request and receive construction funds • Develop and execute a Project Partnership Agreement • Obtain Real Estate • Finalize construction bid documents • Award construction contract and initiate construction

11. QUESTIONS? • BOTTOM LINE: • 13 years to study, design and authorize a project • Over $4.5M Fed and $1.5 Non-Fed funds invested to date • Over $150M Fed funding share once construction has initiated • Project authorization allows us finally to request funds for construction • Federal Project life: 50 years • Federal Non-Fed Total • Initial construction cost: $25.6M $13.8M $39.4M • Renourishment cost/life: $132.8M $132.8M $265.6M • TOTAL: $158.4M $146.6M $305M