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ORANGE, COUNTY;ORANGE COUNTY FLOOD CONTROL DISTR.; IRVINE RANCH WATER DISTR., (2)
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ORANGE, COUNTY;ORANGE COUNTY FLOOD CONTROL DISTR.; IRVINE RANCH WATER DISTR., (2)
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12/27/2017 1:08:41 PM
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5/8/2017 3:53:42 PM
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Contracts
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ORANGE, COUNTY;ORANGE COUNTY FLOOD CONTROL DISTR.; IRVINE RANCH WATER DISTR.,
Contract #
A-2016-180
Agency
Public Works
Council Approval Date
7/5/2016
Destruction Year
0
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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 />$ <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 />100.009/. <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 />1 $ 5,795,000.00 <br />100.00% <br />* After the initial O&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 Page 44 of 69 <br />
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