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Federal Economic Incentive Package. (2010 dollars) Priority #1 Flood Protection $20,000,000 Priority #2 Wastewater System $15,008,680 TOTAL $35,008,680 Included in Virginia Incentive Request Can be Implemented within 2 years. Other Infrastructure Items.
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Federal Economic Incentive Package (2010 dollars) • Priority #1 Flood Protection $20,000,000 • Priority #2 Wastewater System $15,008,680 TOTAL $35,008,680 Included in Virginia Incentive Request Can be Implemented within 2 years
Other Infrastructure Items • Water System Improvements $10,094,778 • Stormwater Mgt/Drainage $ 4,940,013 • Beach Replenishment $15,838,310 • Streets $4,000,000 • Moat Bridge Repairs $ 429,419 • Electrical Improvements $ 500,000 • Gas System Improvements $ 6,050,438 Subtotal $76,859,637 20% contingency and 6.5% design$19,671,927 TOTAL $96,531,565
Institutional Management Review Research Existing and Model Documents/Laws Compare with Management Requirements in Reuse Plan: Real Estate, Preservation, Educational Programs Liaison with leadership national models, other consultants Recommend Efficient Institutional Management System and Organizational Chart
FY 2010 State Budget Request • $1.6 million • “Language clarifies that beginning with FY 2010, FMFADA will be responsible for all of the authority’s fiscal, procurement, human resources, and any other business related activities, because the Department of Housing and Community Development will no longer serve as the authority’s fiscal agent. FMFADA’s employees will continue to be eligible for state retirement and benefits.”
