Explanation
This legislation is required of the City in order to execute a Water Resource Restoration Sponsor Program (WRRSP) agreement with the Ohio EPA and the Ohio Water Development Authority (OWDA). Created in 2000, the Water Resource Restoration Sponsor Program (WRRSP) counters the loss of ecological function and biological diversity that jeopardizes the health of Ohio’s water resources. This program uses interest monies from WPCLF “Sponsor” Project loans to fund both preservation and restoration of aquatic habitat to accomplish this goal.
The WRRSP project, identified in Section 1 as the Franklin Soil and Water Conservation District's Hellbranch Meadows Stream and Wetland Restoration, WRRSP Ohio EPA AIMS Number: 5665, was designated by the Department of Public Utilities for sponsorship through a WRRSP Sponsorship Letter of Intent, dated December 10, 2015 for funding approval for Program Year 2016 through the Ohio Water Pollution Control Loan Fund Program. The designated Sewerage and Drainage Division Project, identified in Section 2., will serve as the Sponsor Project for the Franklin Soil and Water Conservation District's WRRSP Project. The Hellbranch Meadows Stream and Wetland Restoration Project is listed on the Ohio EPA 2016 WRRSP Project Priority List as an Intended Project for funding in 2016. The sponsoring Sewerage and Drainage Division Project is also listed on the Intended Projects List for Ohio EPA funding through the Water Pollution Control Loan Fund (WPCLF) in 2016.
FISCAL IMPACT: The City will save money by receiving an interest rate discount on the WPCLF Loan financing the Division of Sewerage and Drainage’s Sponsor Project.
Title
To authorize the Director of Public Utilities to execute a Water Resource Restoration Sponsor Program (WRRSP) Agreement with the Ohio Environmental Protection Agency and the Ohio Water Development Authority; and to designate a Division of Sewerage and Drainage Project as the Sponsor Project fo...
Click here for full text