1. Three Rivers Levee Improvement Authority June 8, 2007
Presentation to the
State Reclamation Board
Current status of cash flow, including funding from Prop 1E & 84

2. Project Revenues (existing & future) and Total Expenditures
(in millions)

3. Key Expenditures and Anticipated Cash Flow
(in millions)

4. Backup

5. Key Actions Prior to Prop 1E Funds Being Available
DWR selection of project
Execution of Agreement
For all necessary funds, or
A first phase contract with at least $30 million in early implementation funds (and a later second phase contract for the balance)
Agreement triggers local share availability

6. Delay of State Agreement
Completion of Feather River improvements may be delayed until 2009
Work on Segment 2 could stop after Jun 2007 until State funding later in FY07/08 arrives
Could force a decision to select either (i) funding segment 2 land acquisition or (ii) segment 3 levee improvements.

7. Key Element of Request to DWR
70% State & 30% Local Share of costs associated with Strengthen in Place (Segments 1, 2, & 3)
100% State cost share for setback levee incremental costs due to regional benefits
Three Rivers has provided estimate of dollar amounts
Cap on project costs to allow flexibility to deal with changes
Timely co-payment of invoices (not a reimbursement program)

8. Finance Plan
Phase 1, 2, 3, Yuba Phase 4 (to Simpson Lane), and Feather Segments 1 & 3 Design
Development Funding
State Prop 13 (DWR and F& G)
FEMA
Phase 4 Feather Segment 1 & 3 Construction and Segment 2
State Funding (Prop 1E and 84)
Local Share (e.g. Development Community)