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US Environmental Protection Agency OMB Control No. 2040-0292 <br /> WIFIA Program EPA Form No. 6100-032 <br /> Application Approval expires XX/XX/XXXX <br />____________________________________________________________________________________ <br />11 <br />sewer project in the sense that it provides water or sewer services to customers. The <br />Comprehensive Project is a public storm water control project and cannot provide information <br />related to average water and sewer rates. <br /> <br />5. Describe the applicant’s capital improvement planning process. Include a capital improvement <br />plan, other planning documents, and capital budgets produced in the current year and previous <br />three (3) years as attachments. <br /> <br />This question does not apply to the Comprehensive Project. The Diversion Authority was <br />created to implement the Comprehensive Project. As a result, it does not have a traditional <br />three or five year Capital Improvement Plan. The Authority has had an exhaustive planning <br />process for the Comprehensive Project and each individual component of the Comprehensive <br />Project, but does not have a Capital Improvement Plan. The Diversion Authority may develop a <br />Capital Improvement Process after the Comprehensive Project has been completed. For now, <br />the Diversion Authority does not have an implemented process because the majority of the <br />Comprehensive Project is new construction. <br /> <br />6. Describe accounts receivables outstanding, including the 12-month trailing average of on-time <br />payment amounts as a percentage of amount billed per period. Include a brief description of the <br />process for collections. <br /> <br />This question does not apply to the Comprehensive Project. The Diversion Authority is unable <br />to describe accounts receivable outstanding because this is not a traditional water and sewer <br />project in the sense that it provides water or sewer services to customers. Rather, the Diversion <br />Authority has multiple sources of Pledged Revenues to provide funding for the Comprehensive <br />Project. Pledged Revenues received by the Diversion Authority are deposited into the Revenue <br />Fund and along with any other funds received by the Diversion Authority, including <br />reimbursements from the State of North Dakota, pursuant to the ND Cost Share Agreements <br />deposited in the Revenue Fund, are deemed Gross Pledged Revenues. The Diversion Authority <br />is legally permitted to use the Gross Pledged Revenues to make debt service payments on Debt <br />Obligations, Milestone Payments, Availability Payments, and P3 Payments. The Authority will <br />use Net Pledged Revenues (consisting mainly of Cass County sales and use taxes and City of <br />Fargo sales and use taxes) to fund payments due under the Project Agreement. The funding for <br />the Comprehensive Project Obligations is comprised of multiple sources, which are more fully <br />defined in the Amended Financing Whitepaper, attached hereto: <br /> <br />- On March 9, 2019, the Non-Federal Sponsors and USACE entered into Amendment <br />Number 1 to the PPA, which increased the amount of the federal financial <br />contribution to the Comprehensive Project. Under the terms of the Amended PPA, <br />USACE committed to provide $750 million in federal funds. The Diversion Authority <br />intends that the federal funds will only be used to fund the SEAI, mitigation, and <br />other non-P3 costs, and will not be used as a source of funds for the SWDCAI. <br />