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a final environmental impact statement for the Smith Island Restoration Project was issued <br /> on December 12, 2013. <br /> The diking system of improvements was formally altered under Ordinance No. 14-120 on <br /> March 18, 2015,to allow the construction of the new County setback dike and breaching of <br /> the existing dike east of the new setback dike. <br /> In addition to finalizing design details and pursuing the necessary regulatory approvals and <br /> permits for the Smith Island Project, DPW is also seeking funding for implementation of the <br /> Smith Island Project. As of the date of this Agreement, the project has received multiple <br /> grants supporting acquisition, design,permitting activities. Recently, the County was <br /> awarded a$2.6-million ESRP grant and a$1.5-million SRFB grant to support construction. <br /> Both the ESRP grant and the SRFB grant are expressly for restoration purposes. The County <br /> is currently coordinating with the Corps and Ecology along with mitigation partners (such as <br /> BNSF) to allow the County to provide mitigation acreage at the Smith Island Project site in <br /> exchange for construction funding. The County is aware that funds obtained for restoration <br /> purposes may not be spent on mitigation activities. The County will develop and follow <br /> appropriate accounting practices and procedures to ensure that funds received for restoration <br /> purposes will not be used to pay for mitigation such as the Required Mitigation to be <br /> provided to BNSF. <br /> [The remainder of this page is intentionally left blank] <br /> INTERLOCAL AGREEMENT FOR <br /> IMPLEMENTATION OF THE SMITH ISLAND RESTORATION PROJECT PAGE 20 <br />