Common use of Potential Funding Clause in Contracts

Potential Funding. ‌ Implementing restoration activities identified in this plan will be a challenge given Mason County’s economic situation. Similar to other local governments in Washington State, the County has been working hard to provide basic services with tighter budgets. A funding mechanism to support these voluntary actions has not yet been identified and funds are not currently dedicated. At present, shoreline restoration is almost entirely dependent on grant funding, which depends upon the availability and award of state and federal monies. The County’s ability to devote any general funds to the implementation of this plan is doubtful, but potential internal funding sources do exist. One potential funding mechanism would be the establishment of a shoreline restoration program organized like or integrated with a capital improvement program (CIP). Similar to an infrastructure CIP, a shoreline restoration CIP would be evaluated and updated regularly. A restoration CIP could be focused on site-specific projects and could be funded through grants or County general funds. For example, funds could be dedicated to support bulkhead removal, beach cleanup, and riparian enhancements in the shoreline jurisdiction. Further, existing CIP projects, such as stormwater facility and road improvements, could be evaluated to determine if their design could advance shoreline restoration goals. Special Districts or local improvement districts (LIDs) could also be established to help fund and/or implement restoration projects. A Special District is a local unit of government authorized by law to perform a single function or a limited number of functions, and including but not limited to, water-sewer districts, irrigation districts, and transportation districts. LIDs are primarily a means of financing needed capital improvements. LIDs allow improvements to be financed and paid for over a period of time through assessments on the benefitting properties. They require the approval of the local government and benefited property owners. LIDs involve the sale of bonds to investors and the retirement of those bonds via annual payments by the property owners within a district. Both of the models would provide a potential mechanism for achieving some of the goals of this plan. A variety of outside funding sources are also available for restoration projects in Puget Sound; these are listed in Appendix C: Potential Funding Sources. Funding opportunities have generally increased since the implementation of Governor Gregoire’s Puget Sound Initiative in 2005, though the process by which organizations are able to obtain funds is typically quite competitive. Sources listed in Appendix C do not represent an exhaustive list of potential funding opportunities, but are meant to provide an overview of the types of opportunities available.

Potential Funding. ‌ Implementing restoration activities identified in this plan will be a challenge given Mason Xxxxx County’s economic situation. Similar to other local governments in Washington State, the County has been working hard to provide basic services with tighter budgets. A funding mechanism to support these voluntary actions has not yet been identified and funds are not currently dedicated. At present, shoreline restoration is almost entirely dependent on grant funding, which depends upon the availability and award of state and federal monies. The County’s ability to devote any general funds to the implementation of this plan is doubtful, but potential internal funding sources do exist. One potential funding mechanism would be the establishment of a shoreline restoration program organized like or integrated with a capital improvement program (CIP). Similar to an infrastructure CIP, a shoreline restoration CIP would be evaluated and updated regularly. A restoration CIP could be focused on site-specific site‐specific projects and could be funded through grants or County general funds. For example, funds could be dedicated to support bulkhead removal, beach cleanup, and riparian enhancements in the shoreline jurisdiction. Further, existing CIP projects, such as stormwater facility and road improvements, could be evaluated to determine if their design could advance shoreline restoration goals. Special Districts or local improvement districts (LIDs) could also be established to help fund and/or implement restoration projects. A Special District is a local unit of government authorized by law to perform a single function or a limited number of functions, and including but not limited to, water-sewer water‐sewer districts, irrigation districts, and transportation districts. LIDs are primarily a means of financing needed capital improvements. LIDs allow improvements to be financed and paid for over a period of time through assessments on the benefitting properties. They require the approval of the local government and benefited property owners. LIDs involve the sale of bonds to investors and the retirement of those bonds via annual payments by the property owners within a district. Both of the models would provide a potential mechanism for achieving some of the goals of this plan. A variety of outside funding sources are also available for restoration projects in Puget Sound; these are listed in Appendix C: Potential Funding Sources. Funding opportunities have generally increased since the implementation of Governor Gregoire’s Puget Sound Initiative in 2005, though the process by which organizations are able to obtain funds is typically quite competitive. Sources listed in Appendix C do not represent an exhaustive list of potential funding opportunities, but are meant to provide an overview of the types of opportunities available.

Potential Funding. ‌ Implementing restoration activities identified in this plan will be a challenge given Mason Xxxxx County’s economic situation. Similar to other local governments in Washington State, the County has been working hard to provide basic services with tighter budgets. A funding mechanism to support these voluntary actions has not yet been identified and funds are not currently dedicated. At present, shoreline restoration is almost entirely dependent on grant funding, which depends upon the availability and award of state and federal monies. The County’s ability to devote any general funds to the implementation of this plan is doubtful, but potential internal funding sources do exist. One potential funding mechanism would be the establishment of a shoreline restoration program organized like or integrated with a capital improvement program (CIP). Similar to an infrastructure CIP, a shoreline restoration CIP would be evaluated and updated regularly. A restoration CIP could be focused on site-specific projects and could be funded through grants or County general funds. For example, funds could be dedicated to support bulkhead removal, beach cleanup, and riparian enhancements in the shoreline jurisdiction. Further, existing CIP projects, such as stormwater facility and road improvements, could be evaluated to determine if their design could advance shoreline restoration goals. Special Districts or local improvement districts (LIDs) could also be established to help fund and/or implement restoration projects. A Special District is a local unit of government authorized by law to perform a single function or a limited number of functions, and including but not limited to, water-sewer districts, irrigation districts, and transportation districts. LIDs are primarily a means of financing needed capital improvements. LIDs allow improvements to be financed and paid for over a period of time through assessments on the benefitting properties. They require the approval of the local government and benefited property owners. LIDs involve the sale of bonds to investors and the retirement of those bonds via annual payments by the property owners within a district. Both of the models would provide a potential mechanism for achieving some of the goals of this plan. A variety of outside funding sources are also available for restoration projects in Puget Sound; these are listed in Appendix C: Potential Funding Sources. Funding opportunities have generally increased since the implementation of Governor Gregoire’s Puget Sound Initiative in 2005, though the process by which organizations are able to obtain funds is typically quite competitive. Sources listed in Appendix C do not represent an exhaustive list of potential funding opportunities, but are meant to provide an overview of the types of opportunities available.

Potential Funding. ‌ Implementing restoration activities identified in this plan will be a challenge given Mason Xxxxx County’s economic situation. Similar to other local governments in Washington State, the County has been working hard to provide basic services with tighter budgets. A funding mechanism to support these voluntary actions has not yet been identified and funds are not currently dedicated. At present, shoreline restoration is almost entirely dependent on grant funding, which depends upon the availability and award of state and federal monies. The County’s ability to devote any general funds to the implementation of this plan is doubtful, but potential internal funding sources do exist. One potential funding mechanism would be the establishment of a shoreline restoration program organized like or integrated with a capital improvement program (CIP). Similar to an infrastructure CIP, a shoreline restoration CIP would be evaluated and updated regularly. A restoration CIP could be focused on site-specific projects and could be funded through grants or County general funds. For example, funds could be dedicated to support bulkhead removal, beach cleanup, and riparian enhancements in the shoreline jurisdiction. Further, existing CIP projects, such as stormwater facility and road improvements, could be evaluated to determine if their design could advance shoreline restoration goals. Special Districts or local improvement districts (LIDs) could also be established to help fund and/or implement restoration projects. A Special District is a local unit of government authorized by law to perform a single function or a limited number of functions, and including but not limited to, water-sewer districts, irrigation districts, and transportation districts. LIDs are primarily a means of financing needed capital improvements. LIDs allow improvements to be financed and paid for over a period of time through assessments on the benefitting properties. They require the approval of the local government and benefited property owners. LIDs involve the sale of bonds to investors and the retirement of those bonds via annual payments by the property owners within a district. Both of the models would provide a potential mechanism for achieving some of the goals of this plan. A variety of outside funding sources are also available for restoration projects in Puget Sound; these are listed in Appendix C: Potential Funding Sources. Funding opportunities have generally increased since the implementation of Governor Gregoire’s Puget Sound Initiative in 2005, though the process by which organizations are able to obtain funds is typically quite competitive. Sources listed in Appendix C do not represent an exhaustive list of potential funding opportunities, but are meant to provide an overview of the types of opportunities available.