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Atlanta: First Publicly Offered Environmental Impact Bond

Atlanta: First Publicly Offered Environmental Impact Bond

Atlanta’s Department of Watershed Management issued the first-ever publicly offered Environmental Impact Bond in partnership with Quantified Ventures, a Tap into Resilience partner. The $14 million bond closed on January 31, 2019, and is financing six green infrastructure projects to manage stormwater in economically and environmentally distressed neighborhoods that previously lacked access to funding.

The six GSI projects in the Proctor Creek Watershed will help manage stormwater, reduce local flooding, alleviate water quality impacts, increase access to green space, and create local green jobs. The EIB had a two-tiered performance structure and was highly rated by S&P (A+) and Moody's (Aa3). The high performance threshold was set at 6.52 million gallons of capacity for stormwater capture. The cost-effective methodology validates the total capacity of the projects to capture stormwater through as-built surveys and aerial imagery once projects are complete.

Click below to download Quantified Ventures' full case study on the Atlanta EIB.

WIFIA FY 2019 Selected Projects

WIFIA FY 2019 Selected Projects

The WIFIA program invited 38 projects in 18 states to apply for loans. Together, the selected borrowers will receive WIFIA loans totaling approximately $6 billion to help finance over $12 billion in water infrastructure investments and create almost 200,000 jobs. EPA’s WIFIA loans will allow communities across the country to implement projects to address national water priorities – including providing for clean and safe drinking water by reducing exposure to lead and emerging contaminants, addressing aging water infrastructure and developing water recycling and reuse projects.

Click below to review the project summary fact sheets.

WIFIA 101 Learning Module

WIFIA 101 Learning Module

The WIFIA program is intended to accelerate investment in the nation’s water infrastructure by providing long-term, low-cost supplemental loans for regionally and nationally significant projects. The WIFIA program was established by the Water Infrastructure Finance and Innovation Act of 2014.

The WIFIA 101 Learning Module is self-paced, interactive training module designed to teach prospective borrowers about WIFIA financing. It includes chapters about the WIFIA program’s eligibility, financial terms and conditions, financial benefits, application process, and Federal requirements.

Click below to access the learning module.

WIFIA Template Term Sheet

WIFIA Template Term Sheet

The WIFIA program is intended to accelerate investment in the nation’s water infrastructure by providing long-term, low-cost supplemental loans for regionally and nationally significant projects. The WIFIA program was established by the Water Infrastructure Finance and Innovation Act of 2014. The WIFIA Template Term Sheet is intended to provide a reference for the potential terms and conditions that may be applicable in a WIFIA transaction with public system borrowers, including various options that the WIFIA program can offer.

Click below to download the term sheet template.

WIFIA Program Handbook

WIFIA Program Handbook

The WIFIA program is intended to accelerate investment in the nation’s water infrastructure by providing long-term, low-cost supplemental loans for regionally and nationally significant projects. The WIFIA program was established by the Water Infrastructure Finance and Innovation Act of 2014.

The WIFIA Program Handbook describes how EPA administers the WIFIA program. Upon reading this handbook, prospective borrowers should be able to understand the requirements and procedures for obtaining WIFIA credit assistance and complying with WIFIA program rules and regulations.

MWRD: Intergovernmental Agreement

MWRD: Intergovernmental Agreement

Metropolitan Water Reclamation District of Greater Chicago's "Green Infrastructure Call for Projects" program that began in 2017 allows MWRD to scale up its investment in green infrastructure to reduce flooding while reducing load on the sewer system. This effort resulted with the MWRD partnering with ~40 communities and public agencies throughout Cook County to fund and build GI projects. These projects will provide up to 5 million gallons of stormwater runoff storage to over 1,400 benefiting structures with the use of rain gardens, bioswales, and permeable pavement in parking lots, alleys, and residential streets. MWRD enters into "Intergovernmental Agreements" with its partner communities and agencies to set out the scope, design, construction, and operation and maintenance of the GI projects MWRD funds.

Click the link below to download a copy of the a copy of MWRD's template Intergovernmental Agreement.

 

DISCLAIMER: These materials are not offered as or intended to be legal advice. Readers should seek the advice of an attorney when confronted with legal issues. Attorneys should perform an independent evaluation of the issues raised in these materials. By providing these materials WaterNow does not endorse, either expressly or by implication, their accuracy or legality and expressly disclaims any and all liabilities and warranties related to use of these materials.

MWRD: O&M Plan for Permeable Pavement

MWRD: O&M Plan for Permeable Pavement

Metropolitan Water Reclamation District of Greater Chicago enters into operation and maintenance agreements with organizations that receive cost-share grants from MWRD to install green infrastructure on their property. This ensures the green infrastructure is properly operated and maintained and allows MWRD to rely on these localized solutions to manage rainwater where it falls.

Click the link below to download a copy of the O&M template MWRD uses for permeable pavement projects.

 

DISCLAIMER: These materials are not offered as or intended to be legal advice. Readers should seek the advice of an attorney when confronted with legal issues. Attorneys should perform an independent evaluation of the issues raised in these materials. By providing these materials WaterNow does not endorse, either expressly or by implication, their accuracy or legality and expressly disclaims any and all liabilities and warranties related to use of these materials.

MWRD: O&M Plan for Bioswales and Rain Gardens

MWRD: O&M Plan for Bioswales and Rain Gardens

Metropolitan Water Reclamation District of Greater Chicago enters into operation and maintenance agreements with organizations that receive cost-share grants from MWRD to install green infrastructure on their property. This ensures the green infrastructure is properly operated and maintained and allows MWRD to rely on these localized solutions to manage rainwater where it falls.

Click the link below to download a copy of the O&M template MWRD uses for bioswale and rain garden projects.

 

DISCLAIMER: These materials are not offered as or intended to be legal advice. Readers should seek the advice of an attorney when confronted with legal issues. Attorneys should perform an independent evaluation of the issues raised in these materials. By providing these materials WaterNow does not endorse, either expressly or by implication, their accuracy or legality and expressly disclaims any and all liabilities and warranties related to use of these materials.

Focusing on “People Issues” with Social Media

Focusing on "People Issues": Why Accessing Social Media Channels is Important for Utilities 

Watch this video to hear Melissa Elliot, President-Elect of the American Water Works Association, talk about the importance of meeting utility customers on social media channels to communicate with them.

NEORSD: Green Infrastructure Grants

Green Infrastructure Grants Program

The Northeast Ohio Regional Sewer District (Sewer District) supports the strategic implementation and long-term maintenance of green infrastructure that protects, preserves, enhances, and restores natural hydrologic function, including funding green infrastructure projects within the combined sewer area through the Green Infrastructure Grants (GIG) Program. NEORSD's GIG Program is open to member communities, governmental entities, non-profit organizations 501(c)(3), or business working in partnership with their community in the combined sewer area interested in implementing water resource projects that remove stormwater from the combined sewer system and in ensuring the long-term maintenance of the green infrastructure practices. Projects may be awarded up to $250,000.

Click the link below to download a copy of the 2019 GIG Program summary that includes example agreements NEORSD uses to ensure green infrastructure projects built under the GIG Program are property operated and maintained.

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