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 projects, identified in Section 1 as the Appalachia Ohio Alliance Big Darby Creek Conservation Corridor Scioto River Flyway Initiative Project (Carter and Confluence Properties) and the Fleming Bend Protection and Restoration Project - Scioto River Flyway Corridor Initiative. Both projects were designated by the Department of Public Utilities for sponsorship through a WRRSP Sponsorship Letter of Intent, dated April 23, 2020 for funding approval for Program Year 2020 through the Ohio Water Pollution Control Loan Fund Program. The designated Sewerage and Drainage Division Projects, identified in Section 2., will serve as the Sponsor Projects for the Appalachia Ohio Alliance projects. Both projects are listed on the Ohio EPA 2020 WRRSP Project Priority List as an Intended Project for funding in 2020. The sponsoring Sewerage and Drainage Division Projects are also listed on the Intended Projects List for Ohio EPA funding through the Water Pollution Control Loan Fund (WPCLF) in 2020. The City may elect to sponsor both WRRSP projects under one or both of the projects identified in Section 2.
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 Environ...
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