West Onslow Beach/ Topsail Beach

Coastal Storm Damage Reduction Project

Town of Topsail Beach Board of Commissioners Brief July 9, 2014

Presented by U.S. Army Corps of Engineers Wilmington District US Army Corps of Engineers BUILDING STRONG ®

OVERVIEW

 Project Update: Current Status  Process to get to a Federal Project: Steps  Project History: How did we get where we are?

 Project Description and Cost: What will the Federal Project achieve?

 Fiscal Overview: How much have we spent and on what?

 Project Authorization – FINALLY!

 The Path to Construction

BUILDING STRONG ®

2

PROJECT UPDATE

 General Reevaluation Report defining the project was approved in final form in 2009  Preconstruction, Engineering and Design Phase of Work: preliminary design documentation completed  Project is ready for preparation of construction documents once real estate acquisition has been completed  Project authorization received in 2014

BUILDING STRONG ®

3

PROCESS TO GET TO A FEDERAL PROJECT

   Request from a local entity and, in most cases, Congressional study authority Cost-shared study completion to identify Federal interest in a potential project Cost-shared preconstruction, engineering and design for preparation of project plans and specifications     Project authorization (can occur at any time after study completion) Construction appropriation/Project Partnership Agreement Execution Real Estate Acquisition Construction Contract Award

BUILDING STRONG ®

4

WOB/TOPSAIL BEACH PROJECT HISTORY

 4 Congressional study resolutions were used to undertake the original Feasibility Study that recommended a project at Topsail Beach. Feasibility Report was completed in 1990.

 Project was authorized in Water Resources Development Act of 1992  Design activities were completed in 1992; Town decided not to sign the Project Cooperation Agreement  Request was received to re-look at a Federal project in late 1990s, and General Reevaluation Report (GRR) was completed between 2001-2009  Design activities for modified project were initiated in 2010 and preliminary design was completed in 2014  Locally Preferred project was authorized in WRRDA 2014

BUILDING STRONG ®

5

UPDATED AUTHORIZED PROJECT

6

BUILDING STRONG ®

UPDATED AUTHORIZED PROJECT

Project life: 50 years Initial construction cost: $39.4M

($25.6M Fed/$13.8M Non-Fed) Renourishment cost/life: $265.5M

($132.8M Fed/$132.8M non-Fed) 7 23,200 feet long Dune and Berm

BUILDING STRONG ®

FINANCIAL SUMMARY

PROJECT PHASE FEDERAL NON-FEDERAL TOTAL COST

Feasibility Report (1990) $963,000 $963,000 Project Design $346,200 $115,400 $461,600 GRR (2001-2009) 75/25 cost share $2,025,750 $675,250 $2,701,000 50/50 cost share $ 499,000 $499,000 $ 998,000 $2,524,750 $1,174,250 $3,699,000 Project Design $685,500 $228,500 $914,000 TOTALS: $4,519,450 $1,518,150 $6,037,600 Available funds remaining: $25k (coordination, budget process, PPA dev) Additional funds required for Econ Update: $60k ($45 Fed/$15 non-Fed)

BUILDING STRONG ®

8

PROJECT AUTHORIZATION

AT LAST: Water Resources Reform and Development Act of 2014

BUILDING STRONG ®

9

THE PATH TO CONSTRUCTION

 Complete economic/project cost update  Request and receive construction funds  Develop and execute a Project Partnership Agreement  Obtain Real Estate  Finalize construction bid documents  Award construction contract and initiate construction

BUILDING STRONG ®

10

QUESTIONS?

BOTTOM LINE

:  13 years to study, design and authorize a project  Over $4.5M Fed and $1.5 Non-Fed funds invested to date  Over $150M Fed funding share once construction has initiated  Project authorization allows us finally to request funds for construction Federal Project life: 50 years

Initial construction cost

:

Renourishment cost/life : TOTAL: Federal Non-Fed Total

$25.6M $13.8M

$39.4M

$132.8M $132.8M $265.6M

$158.4M $146.6M $305M

BUILDING STRONG ®

11