South Meadows Open space # 16 Upgrades Open space # 16 Upgrades.

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Presentation transcript:

South Meadows Open space # 16 Upgrades Open space # 16 Upgrades

The Project Open Space enhancement Open Space enhancement Replace weed field with 86 ac wetland. Replace weed field with 86 ac wetland. Flood Control Flood Control Remove 100+ homes from flood zone Remove 100+ homes from flood zone Economic Development Economic Development Create $792,000 / yr in net taxes. Create $792,000 / yr in net taxes. Job Creation Job Creation Create construction & long term employment Create construction & long term employment

Open Space Enhancement Replace noxious weed field with 86 acres of upgraded open space. Replace noxious weed field with 86 acres of upgraded open space. Provide long term maintenance plan to keep weeds out of creation area. Provide long term maintenance plan to keep weeds out of creation area. Lower creation area to groundwater table to support desired vegetation. Lower creation area to groundwater table to support desired vegetation.

Proposed

Flood Control Lower channel bottom from US 395 through creation area to contain 100 year flood flows within the channel. Lower channel bottom from US 395 through creation area to contain 100 year flood flows within the channel. Revise FEMA mapping to remove Double Diamond Residential properties from Zone A designation. Revise FEMA mapping to remove Double Diamond Residential properties from Zone A designation. Remove requirements for Flood Insurance within the Double Diamond Ranch. Remove requirements for Flood Insurance within the Double Diamond Ranch.

Economic Development The conversion of open space to taxable property will yield. The conversion of open space to taxable property will yield. City of Reno $ 205,262 / yr City of Reno $ 205,262 / yr State of Nevada $ 36,908 / yr State of Nevada $ 36,908 / yr Washoe County $ 302,120 / yr Washoe County $ 302,120 / yr School District $ 247,120 / yr School District $ 247,120 / yr Total taxes generated $ 792,989 / yr Total taxes generated $ 792,989 / yr All Public Infrastructure is in Place All Public Infrastructure is in Place

Job Creation Immediate job creation for design and construction estimated to be 55. Immediate job creation for design and construction estimated to be 55. Long term employment is estimated to be Long term employment is estimated to be 1360.