Transcript Water Resource Restoration Sponsored Projects Approval Process Sponsored Projects Overview Project Initiation Technical Review Bidding and Construction Construction Financing October 2013 Go into Slide Show mode to view the slides and.

Water Resource Restoration
Sponsored Projects
Approval Process
Sponsored Projects Overview
Project Initiation
Technical Review
Bidding and Construction
Construction Financing
October 2013
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Overview
•The sponsored project must improve water quality in the watershed
in which the wastewater utility is located.
•Funding is achieved by the wastewater utility borrowing from the
Clean Water SRF for an infrastructure project + a nonpoint source
watershed project.
•The overall interest rate is reduced, allowing the utility to finance two
projects for the cost of one.
•23 applications were approved for the first round of funding in FY
2014. Click here for the list of projects on a tracking spreadsheet.
•The application process for upcoming years is to be determined.
•For more information, contact Patti Cale-Finnegan, 515-725-0498;
[email protected].
Project Initiation
•Each project will be covered by a team that includes: The
wastewater utility, any qualified entity involved, the utility’s
engineering consultant, a DNR project manager, the Iowa
Finance Authority, a technical advisor from IDALS or ISU,
other project partners, and other funders. The project
tracking spreadsheet includes contact information.
•The DNR project manager will schedule a project initiation
meeting with all the parties involved in the project.
•The participants will discuss technical requirements and
standards for the project, including schedules, SRF
requirements, any permitting requirements (e.g. flood plain,
stormwater, NPDES), the necessity and creation of Iowa
Code chapter 28E agreements, and any other project issues.
• Click here for a sample project initiation meeting agenda.
•Click here for the Iowa Stormwater Management Manual.
Technical Review
•Technical assistance , review, and oversight will be provided to each applicant through the DNR project
managers, Iowa Department of Agriculture and Land Stewardship, and Iowa State University.
•Project managers and technical advisors will:
–Review conceptual plans;
–Conduct site visits;
–Consult with applicants on design issues;
–Review plans and specifications for compliance with design standards;
–Determine eligibility;
–Approve bidding documents;
–Approve change orders; and
–Conduct interim and final inspections.
•Plans and specs must be submitted to DNR before bidding and must include required SRF front-end
specifications. Click here for instructions on the SRF front-ends.
Bidding and Construction
•SRF front-end specifications must be included in the plans
and specifications. SRF recommends simply inserting the
“Required Sponsored Project SRF Front-End Specifications”
(available in PDF or Word format) for ease of review by the DNR
project manager.
•The packet includes several forms that must be filled out by
the bidders and returned with the bids. Applicants should pay
close attention to the Disadvantaged Business Enterprise
requirements and forms.
•When the applicant identifies the lowest responsive bidder, a
packet of bid documents must be submitted to SRF staff for
review of eligible costs and concurrence with the bid award.
The packet materials are identified in the “Bid Checklist for
Applicants.”
•The DNR project manager will review the bid documents for
eligibility and compliance with federal requirements.
Construction Financing
•After bids are approved, the wastewater utility must submit or
amend its SRF loan application to include the sponsored project
costs.
•The applicant works with bond counsel to schedule and hold a
public hearing and pass a bond resolution. IFA will provide a
debt service schedule.
•All SRF loan proceeds are disbursed after the borrower incurs
costs. Disbursements are made weekly.
•Sponsored project costs and invoices must be submitted
separately from the wastewater project and clearly labeled.
•The final amount available for the sponsored project will be
determined once the amount disbursed for the wastewater
project is finalized.
For More Information on Iowa’s
State Revolving Fund
Click Here