Finance Committee Minutes – Aug. 21, 2019
Flood Diversion Finance Committee Minutes from Aug. 21, 2019
Flood Diversion Finance Committee Minutes from Aug. 21, 2019
Finance Committee Agenda for Aug. 21, 2019 Item 7e: MOU with Cass County
2019 Amended PPA Amendment No 1. to the Project Partnership Agreement (PPA)
Members of the Flood Diversion Board of Authority presented an update to the North Dakota Water Topics Overview Committee and the North Dakota State Water Commission, including Gov. Jack Dalrymple,…
The project would be delayed, and a new implementation strategy and schedule would be developed. Costs would increase due to delays, and the Federal and State grant funds could become…
The financial plan does not rely on residents paying special assessments. The special assessment district will still be utilized as a financial back stop on some of the long-term bonding…
Sales tax collections of City or County sales tax can cease upon approval of the City or County Commission, respectively. The financial plan envisions a scenario in which, due to…
A long-term revenue source is needed to secure the long-term financing that helps make the annual payments affordable, much like a home mortgage. The financial plan amortizes the sales tax…
The foresight by voters in Fargo and Cass County to pass sales taxes early in the process helped move the Project swiftly through the necessary political hurdles and obtain federal…
The total cost of the FM Area Diversion Project and the Fargo Flood Control Measures is estimated at $2.2 Billion. Of that amount, over $1 Billion is expected to come…