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March 29, 2012 Water Resources: Utilizing Technology, Partnerships and Nature Michele N. Siekerka, Esq. Assistant Commissioner Water Resource Management.

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Presentation on theme: "March 29, 2012 Water Resources: Utilizing Technology, Partnerships and Nature Michele N. Siekerka, Esq. Assistant Commissioner Water Resource Management."— Presentation transcript:

1 March 29, 2012 Water Resources: Utilizing Technology, Partnerships and Nature Michele N. Siekerka, Esq. Assistant Commissioner Water Resource Management New Jersey Department of Environmental Protection

2 What is Green Infrastructure? Utilizing soil and vegetation to manage rainwater where it falls Infiltration Vegetative uptake Storage

3 Sustainable ROI Environmental: can both manage stormwater volume and treat runoff for a variety of pollutants Social : aesthetically pleasing and community building Economic: Can reduce the capital costs and O & M costs of gray technology; short term quicker impact

4 Strategic Integrated Approach to Water Quality Leveraging Funding NJDEP State Revolving Loan Fund Federal pass through money; principal forgiveness NJ Environmental Infrastructure Trust New Jersey’s Independent Financing Authority responsible for funding Environmental Infrastructure projects that protect the State’s natural resources and public health ______________________ Policy Driving Action

5 2 Main Qualification Categories : 1. Clean Water Point Source Clean Water Projects (WTF, CSO, Sludge, etc.) Non-Point Clean Water Projects (Storm water, Equip, Remediation) 2. Drinking Water Safe Drinking Water Projects (Treatment, Distribution) Program Qualification - Water Quality Component

6 Examples of EIT Eligible “Green Projects” Energy Production -must be connected directly to a CW/DW activity Power Wind Solar Geothermal Power Micro-Hydroelectric Biogas and CHP Systems Rain / Stormwater Permeable Pavement Bioretention Green Roofs Grey Water Use Xeriscape Constructed Wetlands Stormwater Harvesting Stormwater Reuse Projects Establishment or Restoration of: Riparian buffers Floodplains Wetlands and other Natural Features Installing Water Efficient Devices Installing Water Meters in Previously Unmetered Areas Retrofitting / Adding Leak Detection Equipment Recycling and Water Reuse Projects as related to replacing potable sources with non-potable sources. Retrofit or replace landscape irrigation systems.

7 Why Borrow Through NJEIT? AAA / Aaa Loan Rate Comparisons Low “net” rate = blend of DEP 0% rate and AAA “market” rate 20 yr. savings on $1mm Borrowed: ~ $120,000 / each 1% saved

8 Additional Benefits… Lower all-in financing costs Economies of scale in co-mingled pool. Borrowers pay proportionate share of issuance fees (rating agency, underwriter, trustee, etc.). Equates to lower cost/borrower Capitalized interest / Deferred Payments Borrowers may capitalize Interest and defer repayment of Principal costs during construction… until completion of the project, up to six months after construction ( not to exceed 3 years from the loan) Interim financing 0% financing is available to municipal borrowers (2% to Private Entities / Utilities) prior to long-term loan funding, providing timing flexibility for shovel-ready projects … And MUCH more …

9 Resources USEPA Green Infrastructure web page Implementing Watershed-Based Green Infrastructure for Stormwater Management: Case Study in Blacksburg, Virginia NYC Green Infrastructure Plan, A sustainable Strategy for Clean Waterways sustainable-strategy-for-clean-waterways Rooftops to Rivers, Green Strategies for Controlling Stormwater and Combined Sewer Overflows The Value of Green Infrastructure for Urban Climate Adaptation adaptation A Triple Bottom Line Assessment of Traditional and Green Infrastructure Options for Controlling CSO Events in Philadelphia's Watersheds

10 Contact Information Michele N. Siekerka, Esq. Asst. Comm Adriana Caldarelli Sandy Blick


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