South MeadowsSouth Meadows

Open space # 16 UpgradesOpen space # 16 Upgrades

The ProjectThe Project

Open Space enhancementOpen Space enhancement Replace weed field with 86 ac wetland.Replace weed field with 86 ac wetland.

Flood ControlFlood Control Remove 100+ homes from flood zoneRemove 100+ homes from flood zone

Economic DevelopmentEconomic Development Create $792,000 / yr in net taxes.Create $792,000 / yr in net taxes.

Job CreationJob Creation Create construction & long term Create construction & long term

employment employment

Open Space EnhancementOpen Space Enhancement

Replace noxious weed field with 86 Replace noxious weed field with 86 acres of upgraded open space. acres of upgraded open space.

Provide long term maintenance plan Provide long term maintenance plan to keep weeds out of creation area.to keep weeds out of creation area.

Lower creation area to groundwater Lower creation area to groundwater table to support desired vegetation.table to support desired vegetation.

ProposedProposed

Flood ControlFlood Control

Lower channel bottom from US 395 Lower channel bottom from US 395 through creation area to contain 100 through creation area to contain 100 year flood flows within the channel.year flood flows within the channel.

Revise FEMA mapping to remove Double Revise FEMA mapping to remove Double Diamond Residential properties from Diamond Residential properties from Zone A designation.Zone A designation.

Remove requirements for Flood Remove requirements for Flood Insurance within the Double Diamond Insurance within the Double Diamond Ranch.Ranch.

Economic DevelopmentEconomic Development

The conversion of open space to taxable The conversion of open space to taxable property will yield.property will yield.

City of RenoCity of Reno $ 205,262 / yr $ 205,262 / yr State of Nevada $ 36,908 / yrState of Nevada $ 36,908 / yr Washoe County $ 302,120 / yrWashoe County $ 302,120 / yr School District $ 247,120 / yrSchool District $ 247,120 / yr Total taxes generated $ 792,989 / yrTotal taxes generated $ 792,989 / yr All Public Infrastructure is in PlaceAll Public Infrastructure is in Place

Job CreationJob Creation

Immediate job creation for design Immediate job creation for design and construction estimated to be 55.and construction estimated to be 55.

Long term employment is estimated Long term employment is estimated to be 1360.to be 1360.