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CD N H z G) m z v m 3 a m Z D D Ti n C� m M z v m A c� m rt 9 m C .a n ai G 0 1 z 0 i a m r+ T r a m V z A r a 11A From: John Sorey [mailto:lsorey(lnaplesgov.com] Sent: Friday, March 02, 2012 3:19 PM To: McAlpinGary Cc: Bill Moss" Subject: Funding Beach Renournishment Gary: I have had an opportunity to reflect on some of the comments from the last TDC meeting and would like your review and comments on the following. Once completed, please add to my comments and share with the CAC and TDC, and Mr. Ochs. The comments must be done quickly, as I would like this to be an agenda item on the March 8th 2012 CAC agenda. As we have communicated multiple times, the scope of the next beach renourishment is unknown and will depend on the funds available. We should permit a true ten year design which is anticipated to cost approximately $30,000,000. This will provide the most flexibility and is consistent with the direction from the BCC and the Naples City Council which was to maximize the time between beach renourishments while maximizing the economics of the project. At the last TDC meeting, Mr. Hill appropriately questioned the reserves available for the next beach renourishment. He cited an availability of $25,000,000 based on the financial information provided by you in the TDC packet. I know based on our various discussions in the past, that this is "carry forward" which represents unspent monies from existing projects and set aside reserves. We must do a better job of communicating these numbers in the future. My understanding is the reserves are $23,951,950 and consist of the following: Catastrophe Reserve - -- $5,000,000 as required by the BCC Major Renourishment reserve $12,000,000 Pier Reserve $79,000 which is inadequate and should be addressed. Reserve for FDEP reimbursement $3,400,000 Currently earmarked for FY 2013 Projects $3,026,950 As indicated, of the $23,951,950 reserves identified, the only current source of funds available for beach renourishment is $12,000,000. If only the $12,000,000 was available, we would have funding in FY13/14 to duplicate the 2005/06 project. This is not acceptable and is inconsistent with our guidance. As you indicated, you expect the basic renourishment project cost after anticipated savings to be approximately $16,000,000. In FY13/14, I understand you expect reserves and unspent project funds to be $16,500,000. This funding is without any state or federal monies and does not accomplish BCC or City Council direction to maximize the time between renourishments. In addition to the $16,500,000 identified for the basic beach renourishment project, funds have been budgeted for the Wiggins Pass Channel Straightening project($1,700,000); and the Marco South Beach renourishment /structure rebuild project($3,000,000). Additional renournishment, hot spots, groin removal, and the jetty spur at Doctor's Pass will require additional funding. These funds could come from: the FDEP State Cost Share program; ,,,,\J FEMA Tropical Storm Fay ($5,000,000 to 7,000,000); Fund 183 - -Beach Park Facilities �e 1 r\ b� ($10,000,000+ -) and /or the Catastrophe Reserve ($5,000,000). M1 �c�� W4 S �1 The Beach Fund does not have enough money to accomplish the scope of work directed by the City Council and the County Commission. Some of the issues that need to be addressed are the life of the renournishment plan, and the funding thereof. Funds are accrued on a ten year funding cycle, however the amount accrued is not sufficient to fund a ten year or maybe even a six year cycle. When we renourish in FY13/14, eight years will have elapsed since the last cycle, and already a number of beach sections are inadequate for our residents and tourists. Visit the area just south of the Naples Beach Hotel for instance. 2 11A As we discuss allocation of TDC funds, the beaches must receive more resources to protect one of our most valuable assets. Under Florida Law, e-mail addresses are public records. If you do not want your e-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by telephone or in writing. Crystal K. Kinzel Director of Finance and Accounting Collier County Clerk of Courts 3299 Tamiami Trail East Suite #403 Naples, FL 34112 -5746 Phone: 239 - 252 -6299 3