Title
Consider recommendation from EAA staff to authorize the General Manager to submit a proposal to Quantified Ventures under the Texas Outcomes-Based Finance Challenge to identify and secure potential alternative funding sources for implementation of conservation programs, including those within the Next Generation concept.
Body
STAFF RECOMMENDED MOTION:
Move the board authorize the General Manager to take all actions necessary to submit a proposal to Quantified Ventures under its Texas Outcomes-Based Finance Challenge to identify, facilitate, and secure potential alternative funding for implementation of conservation programs, including those within the Next Generation concept.
SUMMARY:
The purpose of this agenda item is for the board to consider an EAA staff recommendation to authorize the General Manager to submit a proposal to Quantified Ventures under the Texas Outcomes-Based Finance Challenge to identify and secure potential alternative funding sources for implementation of programs within the Next Generation concept.
Quantified Ventures, has launched the Texas Outcomes-Based Finance Challenge (Challenge), with support from the Cynthia and George Mitchell Foundation, the Harte Charitable Foundation, The Jacob and Terese Hershey Foundation, and Lyda Hill Philanthropies. Through the Challenge, they will collaborate with multiple competitively selected organizations in Texas to structure outcome-based financial vehicles to deliver nature-based and resilience-focused solutions to environmental and community challenges.
The Challenge is focused on city agencies, counties, utilities, water authorities, special districts, or other local governmental entities. As an eligible applicant, EAA staff would like to make a proposal under the challenge that focuses on conservation programs associated with the Next Generation concept and with the EAHCP with a goal to facilitate the implementation of EAA goals in a more timely and less costly manner.
The EAA ...
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