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Providing staff is successful re -tasking remaining grant funds, a balance of <br />approximately $300,000 is required by the County to complete the acquisition of <br />the preferred Teanaway property and associated senior water rights. The Flood <br />Control Zone District Fund has sufficient cash reserves that could be used in <br />providing the additional funding of $300,000. Acquisition of the preferred <br />Teanaway property provides numerous flood control benefits that have <br />previously been acknowledged by Integrated Plan members. <br />FISCAL IMPACTS: <br />Expensing $300,000 acquiring the preferred Teanaway property using Flood <br />Control Zone District funds is fully supported by current fund reserves. <br />ATTACHMENTS: <br />EXHIBIT 1: October 2015 Fund Forecast <br />Page 2 of 2 <br />PUBLIC WORKS BOARD OF COUNTY COMMISSIONERS WORK SESSION STAFF REPORT <br />