Leveraging Opportunity Fund dollars
King County Flood Control District Sub-Regional Opportunity Fund
For some jurisdictions, the funding provided through the Sub-Regional Opportunity Fund may provide only a portion of the funding necessary to complete an eligible project. In cases such as this, a jurisdiction has the option of accumulating funds over more than one year, allocating Opportunity Funds to an existing project on the District’s six-year Capital Improvement Project list, or using the money awarded through the Opportunity Fund as a match for either multi-jurisdictional projects or for grant opportunities pursued independent of other jurisdictions. If you elect to use the Opportunity Fund as a grant match, please bear in mind that Opportunity Funds must be spent within two years after the commencement date of any project. Multi-jurisdictional projectsSeveral options may exist for King County jurisdictions, especially smaller jurisdictions that share either geographic similarities or common water resource problems, to pool Opportunity Fund dollars. Doing so offers jurisdictions the opportunity to accomplish a larger scale project than they may be capable of if operating independently. Since many flooding and drainage problems cross jurisdictional boundaries, we encourage jurisdictions to consider partnering to address shared stormwater and drainage problems. Grant matching opportunitiesA second option available for jurisdictions seeking ways to stretch their Opportunity Fund allocation is to use it as a match for grant opportunities that fund projects falling within the eligibility criteria. Given the rather broad scope of eligible activities, jurisdictions may find numerous grants available that provide an opportunity for partially funding an eligible project or activity. The following list provides examples of, but is not limited to, such grants: *External link.
|
