Agmt 2006 State Coastal Conservancy

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e~ _e PROJECT NAME PROJECT FINANCING: A. Financin2 fOT this Authorization: Coastal Conseryancy CALFED giants WeB grant Coastal Conservancy Sub-Total $327,500 487.225 $814,725 ... Grantees Matching (in-kind and financial) ISP Proj ects Entirely Funded by Others Total Cost of Projects $393,200 $52.974 $1,260,899 Conservancy funding for the 16 Spartina treatement and control projects is expected to come . from existing grants to the Conversancy from CALFED and from the Wildlife Conservation, Board (WeB).. It is anticipated that $327,500 of the total amount of the Conservancy contribution will be derived from funds remaining under 1999 and 200 1 CALFED grants to -the Conservancy. Under the terms of these CALFED grants, the Conservancy may use the funds for Spartina treatinent - and control projects. - The remaining $487,225 of the Conservancy contribution for the treatment projects is expected to be provided under an existing grant agreement by which WeB may provide funds to the Conservancy for San Francisco Bay projects. Under the grant agreement with WCB, the - Conservancy may use these funds for wetland habitat restoration projects within the nine-county San Francisco Bay Area that implement the restoration goals of the San Francisco Bay Joint Venture ("SFBJV") and the San Francisco Baylands Ecosystem Habitat Goals Report ("Goals Report ") - and that meet the priorities of the Conservancy as described in Section 31162 of the Public Resources Code. In addition, any proposed project must, under the WCB grant . agreement, be a "high priority" project as identified in the grant agreement or otherwise authorized as a priority project by WCB in the ''Memorandum ofUnderstan:diilg" between WCB and the Conservancy that is required before any project may move forward. The WCB grant funding, in turn, is derived from an appropriation from the Water Security, Clean DriDking Water, Coastal Beach Protection Fund of 2002 (proposition 50), The Proposition 50 funds were appropriated under the specific authorization found in Section 79572(c) of the Water Code and may be used for the general purpose of acquisition, protection and restoration of coastal wetlands. The project meets the criteria of the WCB grant agreement and the related requirementS of Proposition 50 in all respects. As required by the WCB grant agreement and Proposition 50, the proposed project serve~ to protect and preserve fish and wildlife habitat of the San Francisco Bay through restoration of wetlands, and is specifically identified in the WeB grant agreement as a high priority project that specifically benefits the San Francisco Estuary. Further, the project is Page 9 of 15 EXHIRt'f "j