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Metro Flood Diversion Authority—December 3, 2018 2 <br />to estimated sales tax growth rate; and increased borrowing rates for short-term and long-term financing. Additional grant funding through the Federal and State governments and <br />low cost, long-term loans will be required to balance the financial plan and avoid special assessments. The proposal presented today to balance the financial plan and avoid special assessments includes requests for an additional $300 million from both the Federal government and State of North Dakota. The new financial plan will not be completed until project approvals are received and funding sources are secured. 3. REMARKS FROM SENATOR JOHN HOEVEN Senator Hoeven said congressional authorization will not be needed for the request of an additional $300 million from the Federal government. The Corps of Engineers has agreed <br />to renegotiate the PPA to amend the project funding and recognizes the need for comprehensive flood protection for this area. Senator Hoeven said the project involves a partnership at the federal, state and local levels, and he thanked the leadership from all <br />the entities for their work and commitment on this project. 4. U.S. ARMY CORPS OF ENGINEERS UPDATE <br />Col. Hilliard thanked all the participating entities for their work on this project and said the Corps is committed to being part of the team to work on this project and supports an amendment to the PPA. Col. Calkins said the Corps will do what is needed on its end to move the amendment to the PPA as expeditiously as possible. He said a decision on the permit from the MN DNR is expected in four to six weeks. 5. APPROVAL OF PROPOSAL <br />MOTION, passed Mr. Grindberg moved and Mr. Steen seconded to accept Plan B Opinion of Estimated Cost, endorse the Financial Plan Proposal, and direct Diversion Authority staff and consultants to pursue additional Federal funding through an amendment to the Project Partnership Agreement (PPA); additional State appropriations; and a low interest, long-term loan, each in the amounts proposed. On roll call vote, the motion carried unanimously. 6. RECESS <br />The board recessed for a short break at 9:55 AM. 7. RECONVENED <br />The board reconvened at 10:15 AM. 8. FINANCE UPDATE <br /> Voucher approval The bills for the month are with Cass County Joint Water Resource District (CCJWRD) for costs associated with the Metro Flood Diversion, OHB levee, and in-town levees; Dorsey & Whitney for legal services; and Ohnstad Twichell, P.C. for legal services. <br />