Laserfiche WebLink
Flood Diversion Board of Authority—January 8, 2015 3 <br />Ms. Walker said letters were sent to around 300 homeowners regarding the changes, <br />and were given a deadline to respond to allow the city access to properties to conduct <br />surveys. She said 221 appeals were sent to FEMA and many of the appeals were granted and the properties were removed from the flood plain. The deadline has passed to submit appeals, so homeowners will have to submit a letter of map revision, which <br />costs $1,000. There was a suggestion that the issue be discussed by the Fargo City <br />Commission to try and help residents. <br /> <br />Business Leaders Task Force <br />Mark Nesbit said the task force met on December 16th with North Dakota legislators. He <br />said February 12th is “Chamber Day” at the North Dakota State Capitol, so the Chamber <br />of Commerce has arranged for buses for task force members and other officials to visit <br />with state legislators regarding the project. 9. LAND MANAGEMENT UPDATE <br />Committee report <br />Mr. Mahoney said the Land Management Committee met earlier this afternoon. He said <br />work continues on the Ag Risk Evaluation by NDSU Agribusiness and Applied <br />Economics Department; however, hydraulic data needs to be updated. <br />CCJWRD update <br />Mark Brodshaug provided an update on land acquisitions completed through December <br />31, 2014. He reviewed a handout with information on completed acquisitions, budget <br />figures, and completed negotiations. He said work continues on purchase offers and negotiations with the replacement housing process for Oxbow homeowners, and <br />appraisals continue for properties associated with the OHB levee and in-town levees. <br />He said negotiations have concluded with the Oxbow Country Club for the purchase and <br />relocation of the golf course with the closing on the property scheduled for next week. <br /> 10. FINANCE UPDATE <br />Committee report <br />Kent Costin, Fargo Finance Director, discussed recommendations that were approved <br />by the Finance Committee at their meeting held on January 7th regarding project <br />financing: <br />Contract with Ernst & Young <br />Mr. Costin said the committee discussed a scope of services with Ernst & Young to help <br />develop long-range alternative financing options for the project as part of public/private <br />partnerships (P3). The estimated cost for a three-month period is $175,000 to $350,000 with work to be billed on an hourly basis. <br />MOTION, passed <br />Ms. Otto moved and Mr. Pawluk seconded to approve Ernst & Young <br />as the P3 financial advisor for the FM Diversion Authority, and approve a three-month scope of work to be billed on an hourly basis. On roll call vote, the motion carried unanimously. <br /> <br />Federal Highway Administration loan application <br />Mr. Costin said the committee discussed a loan fund administered by the Federal <br />Highway Administration as a partial funding source for transportation-related elements of the diversion project.