DATE: September 14, 2021
SUBJECT:
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INFORMATIONAL UPDATE ON FUNDING ANALYSIS, CONCEPTS, AND POTENTIAL DISTRICT FEES RELATED TO ZERO EMISSIONS INITIATIVES AND DIRECTION TO STAFF.
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EXECUTIVE SUMMARY:
Recommendation
The District has identified multiple electrification opportunities across the tidelands. As these opportunities are identified, funding the transition to electrified machinery and operations becomes a challenge that requires in-depth review and planning. Current opportunities carry a total estimated price tag of over $90M to complete.
During the July 13, 2021 Board meeting, staff presented funding concepts that may be used for these electrification opportunities. After receiving the staff presentation, the Board directed staff to further analyze implementing Port fees as a potential new funding source for electrification opportunities, including a truck fee and other Port tariff fees, and conduct a market feasibility/ price elasticity study to determine the feasibility of implementing these fees.
Staff will be providing an information update on its evaluation of implementing new Port fees to fund electrification opportunities. Staff will also provide an update on its efforts to pursue external funding sources.
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RECOMMENDATION:
Receive an informational update on status of funding analysis and the potential implementation of new District fees to fund electrification opportunities on Port Tidelands and provide direction to staff.
FISCAL IMPACT:
This presentation has no fiscal impact.
COMPASS STRATEGIC GOALS:
This agenda item supports the following Strategic Goal(s).
? A Port that the public understands and trusts.
? A thriving and modern maritime seaport.
? A vibrant waterfront destination where residents and visitors converge.
? A Port with a healthy and sustainable bay and its environment.
? A Port with a comprehensive vision for Port land and water uses integrated to regional plans.
? A Port that is a safe place to visit, w...
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