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25G - AGMT - DELHI PROJECT
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25G - AGMT - DELHI PROJECT
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Last modified
6/30/2016 4:02:09 PM
Creation date
6/30/2016 2:32:21 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
25G
Date
7/5/2016
Destruction Year
2021
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EXHIBIT C1 <br />PROJECT FUNDING COMMITMENTS <br />M2 Grant <br />$ <br />2,572,875.00 <br />City of Santa Ana <br />$ <br />1,900,000.00 <br />OCFCD & County of Orange <br />$ <br />1,600,000.00 <br />City of Newport Beach <br />$ <br />1,500,000.00 <br />OCWD <br />$ <br />1,000,000.00 <br />City of Costa Mesa <br />$ <br />600,000.00 <br />IRWD <br />$ <br />195,000.00 <br />Funding Total <br />1 $ <br />9,367,875.00 <br />EXHIBIT C2a <br />PROJECT FUNDING PARTNER <br />SPONSORSHIP PROJECT PERCENTAGE <br />Funding Partner <br />Funding <br />Commitment <br />Sponsorship <br />Share* <br />City of Santa Ana <br />$ 1,900,000.00 <br />33.93% <br />OCFCD & County of Orange <br />$ 1,600,000.00 <br />28.57% <br />City of Newport Beach <br />$ 1,500,000.00 <br />26.79% <br />City of Costa Mesa <br />$ 600,000.00 <br />10.71% <br />Total <br />$ 5,600,000.00 <br />100.00% <br />EXHIBIT C2b <br />PROJECT FUNDING PARTNER <br />SPONSORSHIP CREDIT /OFFSET PERCENTAGE <br />Funding Partner <br />Funding <br />Commitment <br />Sponsorship <br />Share ** <br />City of Santa Ana <br />$ 1,900,000.00 <br />32.79% <br />OCFCD & County of Orange <br />$ 1,600,000.00 <br />27.61% <br />City of Newport Beach <br />$ 1,500,000.00 <br />25.88% <br />City of Costa Mesa <br />$ 600,000.00 <br />10.35% <br />IRWD <br />$ 195,000.00 <br />3.37% <br />Total <br />$ 5,795,000.00 <br />100.00% <br />* After the initial 0 &M Deposit has been exhausted, the Sponsorship Share percentages in Exhibit C2a <br />shall be used to determine: 1. The funding partners' respective participation percentages, 2. <br />Credit /Offsets percentages, 3. Distribution of project savings, and 4. O &M cost share in excess of the <br />Initial O &M Deposit in accordance with the terms herein <br />** The Sponsorship Share in Exhibit C2b shall be used to determine 1. The funding partners' respective <br />participation percentages except that for IRWD, the percentage and dollar amount correspond to <br />IRWD's one -time lump sum payment, 2. Credit /Offsets percentages, and 3. Distribution of project <br />savings during that period of time commencing when the funding partner paid its financial <br />contribution per this Agreement until the exhaustion of the Initial O &M Deposit. <br />Santa Ana -Delhi Channel Diversion Project Agreement D15 -013 <br />25G -48 <br />Page 44 of 74 <br />
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