Title: Consideration and possible approval of an Interlocal Agreement regarding appropriation of $4,750,000 to the City of Sparks for the North Truckee Drain Relocation Project by the Truckee River Flood Management Authority.

Petitioner/Presenter: Neil C. Krutz, P.E., Deputy City Manager/Andrew Hummel, P.E., Utility Manager

Recommendation: Staff recommends the approval of an Interlocal Agreement regarding appropriation of $4,750,000 to the City of Sparks for the North Truckee Drain Relocation Project by the Truckee River Flood Management Authority.

Financial Impact: $4,750,000 of cost sharing revenue is expected to be received in Storm Drain Capital Fund 1641. This funding source will allow for the augmentation of the $12,000,000 North Truckee Drain Relocation Phase 1 budget that was approved in the FY14 CIP. With approval of this Interlocal Agreement $16,750,000 will be available for construction of North Truckee Drain Relocation Phase 1.

Business Impact (Per NRS 237):
     A Business Impact Statement is not required because this is not a rule.

Agenda Item Brief: The North Truckee Drain Relocation Project has been identified as a Truckee River Action Project by the Flood Project Coordinating Committee, and has been identified as a project of regional benefit. The Truckee River Flood Management Authority has funding available to assist in constructing the North Truckee Drain Relocation Project. An Interlocal Agreement has been drafted concerning the appropriation of $4,750,000 in funding available, and appropriate usage thereof. Acceptance of this funding will allow Sparks to proceed with Phase 1 of the North Truckee Drain Relocation Project. Staff recommends approval.

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