Funding Options for Flood Mitigation - Media Release | Dinosaurvalley.com
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FOR IMMEDIATE RELEASE

 

Funding Options for

Flood Mitigation Presented to Council

DRUMHELLER, July 13, 2017

 

In 2015, Drumheller was approved under the Alberta Community Resilience Program in the amount of $6.4 Million for two flood mitigation priorities at 90/10% cost sharing on the first $3 Million and 70/30% thereafter for each project:  East Midland and Newcastle.   Drumheller has had ongoing discussions with the Province and Federal governments on other grant programs that would help offset the municipality’s portion of the cost.    Although, a further grant program from the Federal government may be available down the road to help offset future flood mitigation projects, at this time there is no further funding to help offset these costs. The Town is applying for Federal funding later this month for future flood mitigation projects.  Although the adoption of two borrowing bylaws ensures that the borrowing option is in place and the dollars can be accessed immediately when the funding agreement and the dyke ownership is finalized with the Province, Council intends to debate the consequences of borrowing versus using reserves prior to final reading.

The two flood mitigation projects are summarized as follows:

  1. East Midland & Newcastle – The majority of residents are located within the flood fringe.  The total 2014 assessed value for residents in the flood fringe, not including land, is approximately $51M.  In Midland and Newcastle, to protect against the potential of future floods the existing berms will need to be built higher. As well, erosion control riverbank stability, and installation of a drainage pipe with a backflow preventer between North Railway Avenue and the CNR tracks will be constructed.

Total Project Estimated Costs:  $3,727,000

Provincial Contribution: Project Approved Cost:  $3,211,000

Assessed Value:  $51M

Benefit Cost:  13.7

Municipal Contribution:  $516,000

  1. Central Drumheller 2nd Street West to 5th Street East – Project requires construction of a new berm and raising of the existing berm to help protect central Drumheller from future floods.

Total Project Estimated Costs:  $3,718,000

Provincial Contribution:  Project Approved Cost:  $3,202,600

Assessed Value:  $49M

Benefit Cost:  13.4

Municipal Contribution: $497,400

Once the funding agreement is signed, the Town will proceed to the design phase with hopes of tendering the project this fall. 

CAO Ray Romanetz states, “As we work on finalizing the funding agreement, the Town is proactively looking at taking steps that will reduce the likelihood of project delays down the road”.

“We’ve worked hard and will continue to work hard to get the maximum amount of funding from the Province and Federal governments, but it’s time that we get the shovels in the ground to make sure that we are protected from future flooding”, states Mayor Terry Yemen.

A detailed breakdown of the scope of projects is available at

www.dinosaurvalley.com/floodmitigation .

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For more information, contact:

Terry Yemen                                                               Ray Romanetz, P. Eng.

Mayor                                                                         CAO, Town of Drumheller

Office: (403)823-1922                                                Office: (403) 823-1339