STEP 1. Identify Project Needs & Goals
The first step to accessing funding and financing options is to gather key stakeholders to compile a list of potential projects that are in need of funding. These stakeholders include representatives involved with all elements of a potential project, for example:
- Public works stormwater management staff
- Engineering internal staff and consultants / contractors
- Finance staff
- City attorneys and/or outside counsel
Discussions among the stakeholders will focus on projects already identified in key planning documents including, for example:
- Nonpoint source control plans
- Watershed management plans
- Capital improvement plans
- Harbor master plans
- Project feasibility studies
- Hazard mitigation plans
- Climate action plans
- Recreation plans
Once the list of potential projects is compiled, the stakeholders will need to identify each projects needs and goals by considering:
- Is the project in the design or construction phase?
- What is the funding need for the project?
- What are the project drivers, for example, flooding, water quality, etc.?
- What goals will the project accomplish? Will the project accomplish multiple goals simultaneously?
- Has the community provided input on the project? Does it advance identified community goals and values?
A template for completing this process is available here.