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Provides opportunity to develop flood protection/planning tools such as inundation maps; integrated 2D storm <br />sewer system modeling; early warning systems; outreach materials; flood protection plans; and flood response <br /> Program to earn <br />insurance premiums for flood policy holders. These planning tools also improve the ability to prepare for the <br />threat of flood, as well as respond to the impacts of flooding. <br />Fulfills application requirement(s) of providing a resolution authorizing application submission. <br />Liabilities: <br />Access to aforementioned flood protection/planning tools would be delayed, as these items would be projected <br />into future budget(s), at full cost to the City. <br />Lack of resolution would not fulfill TWDB FY 2018-2019 Flood Protection Grant application submittal <br />requirement(s), causing the application to be rendered deficient, leading to potential failure to secure funding. <br />Operating Costs: <br />Anticipated total cost for the 4 aforementioned projects is approximately $500,000; actual anticipated cost(s) to <br />the City would be approximately $250,000, given the 50/50 cost sharing responsibilities. Costs associated with <br />flood protection/planning could be incorporated into the FY19 and/or the FY20 budget(s). <br />Action Required by Council: <br />Consider approval of Resolution authorizing the submittal of an application to the Texas Water Development <br />Board, granting authority to enter into a contract with the Texas Water Development Board, and committing to <br />matching funds in cash and/or in-kind services for the FY 2018-2019 Flood Protection Grant. <br /> <br />Approved for City Council Agenda <br />Corby D. Alexander Date <br /> <br />