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March 29, 2012 Water Resources: Utilizing Technology, Partnerships and Nature Michele N. Siekerka, Esq. Assistant Commissioner Water Resource Management New Jersey Department of Environmental Protection
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What is Green Infrastructure? Utilizing soil and vegetation to manage rainwater where it falls Infiltration Vegetative uptake Storage
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Sustainable ROI Environmental: can both manage stormwater volume and treat runoff for a variety of pollutants Social : aesthetically pleasing and community building Economic: Can reduce the capital costs and O & M costs of gray technology; short term quicker impact
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Strategic Integrated Approach to Water Quality Leveraging Funding NJDEP State Revolving Loan Fund Federal pass through money; principal forgiveness NJ Environmental Infrastructure Trust New Jersey’s Independent Financing Authority responsible for funding Environmental Infrastructure projects that protect the State’s natural resources and public health ______________________ Policy Driving Action
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2 Main Qualification Categories : 1. Clean Water Point Source Clean Water Projects (WTF, CSO, Sludge, etc.) Non-Point Clean Water Projects (Storm water, Equip, Remediation) 2. Drinking Water Safe Drinking Water Projects (Treatment, Distribution) Program Qualification - Water Quality Component
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Examples of EIT Eligible “Green Projects” Energy Production -must be connected directly to a CW/DW activity Power Wind Solar Geothermal Power Micro-Hydroelectric Biogas and CHP Systems Rain / Stormwater Permeable Pavement Bioretention Green Roofs Grey Water Use Xeriscape Constructed Wetlands Stormwater Harvesting Stormwater Reuse Projects Establishment or Restoration of: Riparian buffers Floodplains Wetlands and other Natural Features Installing Water Efficient Devices Installing Water Meters in Previously Unmetered Areas Retrofitting / Adding Leak Detection Equipment Recycling and Water Reuse Projects as related to replacing potable sources with non-potable sources. Retrofit or replace landscape irrigation systems.
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Why Borrow Through NJEIT? AAA / Aaa Loan Rate Comparisons Low “net” rate = blend of DEP 0% rate and AAA “market” rate 20 yr. savings on $1mm Borrowed: ~ $120,000 / each 1% saved
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Additional Benefits… Lower all-in financing costs Economies of scale in co-mingled pool. Borrowers pay proportionate share of issuance fees (rating agency, underwriter, trustee, etc.). Equates to lower cost/borrower Capitalized interest / Deferred Payments Borrowers may capitalize Interest and defer repayment of Principal costs during construction… until completion of the project, up to six months after construction ( not to exceed 3 years from the loan) Interim financing 0% financing is available to municipal borrowers (2% to Private Entities / Utilities) prior to long-term loan funding, providing timing flexibility for shovel-ready projects … And MUCH more …
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Resources USEPA Green Infrastructure web page http://water.epa.gov/infrastructure/greeninfrastructure/index.cfm Implementing Watershed-Based Green Infrastructure for Stormwater Management: Case Study in Blacksburg, Virginia http://www.cabellbrandcenter.org/Downloads/sr452009.pdf NYC Green Infrastructure Plan, A sustainable Strategy for Clean Waterways http://www.georgetownclimate.org/resources/nyc-green-infrastructure-plan-a- sustainable-strategy-for-clean-waterways Rooftops to Rivers, Green Strategies for Controlling Stormwater and Combined Sewer Overflows http://www.nrdc.org/water/pollution/rooftops/contents.asphttp://www.nrdc.org/water/pollution/rooftops/contents.asp The Value of Green Infrastructure for Urban Climate Adaptation http://www.cakex.org/virtual-library/value-green-infrastructure-urban-climate- adaptation A Triple Bottom Line Assessment of Traditional and Green Infrastructure Options for Controlling CSO Events in Philadelphia's Watersheds http://www.epa.gov/npdes/pubs/gi_phil_bottomline.pdf
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Contact Information http://www.njstormwater.org/ http://www.njstormwater.org/bmp_manual2.htm Michele N. Siekerka, Esq. Asst. Comm. 609-292-4543 Michele.Siekerka@dep.state.nj.us Adriana Caldarelli 609-984-3660 Adriana.Caldarelli@dep.state.nj.us Sandy Blick 609-633-7045 Sandra.Blick@dep.state.nj.us
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