Currently closed. Opens late summer 2021
- The Opportunity Fund is 10.23 percent of the King County Flood Control District’s annual levy proceeds.
- The Opportunity Fund for 2021 is estimated to be $5.97 million pending the Flood Control District’s Board of Supervisors approval in the fall of 2020.
- Proposed proportional allocation of funds among the 40 jurisdictions in King County is based on assessed values and annexations.
Opportunity Fund Background
In authorizing the Flood Control District, the Board of Supervisors authorized a property tax levy to fund the Flood Control District’s work program. As allowed under the Flood Control District’s statutory authority in Chapter 86.15 RCW, the Board of Supervisors set aside 10.23 percent of the District’s annual levy proceeds for a Sub-Regional Opportunity Fund.
The Board of Supervisors determined the Sub-Regional Opportunity Fund should be implemented as follows:
- Allocation: Funds are distributed to each jurisdiction proportional to assessed valuation (AV) for an eligible project or activity with a minimum distribution of $10,000 per eligible jurisdiction.
- Eligible Activities: Opportunity Funds shall be used for any project or activity that is consistent with the statutory authorization of Chapter 86.15 RCW. This can include flood control and stormwater improvements, as well as watershed management activities such as habitat conservation, if such projects are linked to flood or stormwater activities.
Criteria for eligible projects and activities
Consistent with the authority granted in state statute, Flood Control District Resolution 2008-10.2 established the criteria for eligible projects and activities under the Sub-Regional Opportunity Fund.
- Funds can be spent for flood control, stormwater control and cooperative watershed management projects.
- Funds spent on watershed management projects consisting of salmon habitat protection projects must be linked to the construction of a flood or stormwater project.
- The authority to spend Flood District funds for flood control and stormwater control is provided in RCW 86.15.110 and RCW 86.15.035 adds the watershed management category, which is linked to RCW 39.34.190.
An explanation of each of the eligible categories follows:
- Flood control improvements may be extended, enlarged, acquired or constructed, provided a comprehensive plan of development for flood control has been developed and the improvement contributes to the objectives of that plan and the plan has been submitted to and approved by the Washington State Department of Ecology. See RCW 86.15.110 (1) and (2).
- Stormwater control improvements may be extended, enlarged, acquired or constructed, provided a comprehensive plan for stormwater control has been prepared for the area and the improvement is consistent with the stormwater plan. See RCW 86.15.110 (1) and (2).
- Watershed management projects identified in watershed management partnerships or other intergovernmental agreements for the purposes of water supply, water quality, and water resource and habitat protection and management. See RCW 86.15.035*. The Board of Supervisors has directed that projects in this category that consist of salmon habitat protection projects must demonstrate a link to flooding or stormwater projects. This third category ties into RCW 39.34.190 – .200, and under these statutory provisions, up to 10 percent of District revenues (the equivalent of the amount of the Opportunity Fund) may be used for the implementation of watershed management plans, including, but not limited to, the following:
- Watershed plans developed under chapter 90.82 RCW;
- Salmon recovery plans developed under chapter 77.85 RCW;
- Watershed management elements of comprehensive land use plans developed under the Growth Management Act, chapter 36.70A RCW;
- Watershed management elements of shoreline master programs developed under the Shoreline Management Act, chapter 90.58 RCW;
- Nonpoint pollution action plans developed under the Puget Sound water quality management planning authorities of chapter 90.71 RCW and chapter 400-12 WAC;
- Other comprehensive management plans addressing watershed health at a WRIA level or sub-WRIA basin level;
- Coordinated water system plans under chapter 70.116 RCW* and similar regional plans for water supply; and
- Any combination of the foregoing plans in an integrated watershed management plan.
** In categories (1) and (2) above, construction improvements require the development of preliminary engineering studies and plans, and such studies and plans must be on file with the King County River and Floodplain Management Section, which functions as the service provider to the District. For all projects, cost estimates and underlying data must be provided, and the benefit provided by the improvement must be described. See RCW 86.15.110 (3), (4) and (5)*.