Since 2011, LWA has led a multidisciplinary team including engineering and public outreach consultants, to successfully develop and implement a new Benefit Assessment District for the construction, operation and maintenance of a closure structure at the mouth of the Smith Canal in Stockton. As part of this effort, LWA assisted SJAFCA in securing State funding for both the design and construction of improvements along the Smith Canal through the Early Implementation Projects (EIP) and Urban Flood Risk Reduction (UFRR) programs.
LWA principals were responsible for overall project coordination and implementation, the preparation of the project financing plan and required Engineer’s Report, the Proposition 218 ballot proceeding, and the required local agency legislative process. SJAFCA and RD 1614 successfully formed assessment districts in July 2013 after property owner approval of the proposed assessments.
LWA’s specialized financial management support team will continue to support SJAFCA with management of the Smith Canal Gate project. LWA’s efforts will include administering multiple finding agreements with the Department of Water resources (DWR), developing project cash flow models and quarterly reports, coordinating with SJAFCA consultants and DWR, and providing any additional required financial services.