Maximizing the Beneficial Impact of the SEP. Total Florida Settlement StateDollarsPercent RA Direct Component (Pot 1)$364,000,00011% RA Spill Impact Component.

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Presentation transcript:

Maximizing the Beneficial Impact of the SEP

Total Florida Settlement StateDollarsPercent RA Direct Component (Pot 1)$364,000,00011% RA Spill Impact Component (Pot 3)$286,000,0008% RA Center of Excellence (Pot 5)$26,000,0001% Natural Resource Damages$680,000,00020% Economic Damages$2,000,000,00060% Total$3,356,000,000

Note: BPXP settlement only Source: Environmental Law Institute Major Source of Leveraging

Total Florida Settlement Economic Recovery (75% to Panhandle ) Ecological/Recreational Restoration (Panhandle Focused) Scientific Research (Statewide ) County Discretionary Use

Florida Direct Component Note: Includes Transocean + BPXP settlements Source: Erin Deady

Total Florida Settlement It’s Up to You!

What Makes Sense for the SEP? Environmental focus targeting – Estuaries and coastal waters – Regionally significant projects Water quality improvement – Nutrient & sediment load reduction – Hydrologic restoration Habitat restoration – Seagrass recovery Pot 2 and NRDA funds can be leveraged for water quality improvement

Maximizing Impact Scenario 1 – $286M ÷ 23 counties = $12.4M/county = $12.4M ÷ 15 years = $829K county/year Scenario 2 – $286M ÷ 15 years = $19M/year over 15 years = 15 regionally significant projects each ~$19M+ Regionally significant project are more likely to attract leveraged funds – Council-Selected Component (Pot 2)

What are Regionally Significant Projects? Projects that deliver benefits that extend beyond the boundaries of a single county Projects conducted across two or more adjacent counties – Example: Regional beneficial reuse of Tampa AWT wastewater Projects conducted within the boundaries of a single county that generate regional benefits – Example: Naples Bay/Rookery Bay restoration

Beneficial Reuse of Tampa AWT wastewater Regional Benefits Major nitrogen load reduction from Tampa Bay Rehydration of Crews Lake and the upper Pithlachascotee River Recharge of regional potable water wellfields and affected lakes and wetlands

Naples Bay/Rookery Bay Restoration Regional Benefits Major nutrient load reduction from Naples Bay Restoration of natural salinity patterns in Naples Bay and Rookery Bay Re-establishment of native oyster bars Seagrass recovery

Potential Sources of Leverage Other Restore Act sources (Pots 1 and 2) Individual county economic settlements Other DWH settlement sources – Triumph Gulf Coast = economic projects – NFWF = environmental projects – NRDA = environmental and recreational projects State/regional agency sources – FDEP 319 grants = stormwater Amendment 1 = land acquisition – Water Management Districts SWIM Program funds Local government cooperative funding Panhandle focused

Potential Projects Draft SEP Final SEP Submitted to the Council Sort, screen, map, evaluate & rank Projects DEP Project Portal County-Independent SEP Development Process

Individual Counties County-Driven SEP Development Process Potential Projects Conceptual Designs & Feasibility Studies Grant-Ready Draft SEP Final SEP Submitted to the Council