The executive director and other representatives of the Teche-Vermilion Fresh Water District answered questions from the Lafayette City-Parish Council Tuesday night regarding the agency’s operations and financials. The discussion came at the behest of District 9 Councilman William Theriot.
The T-VFWD operates a pumping station on the Atchafalaya River north of Krotz Springs as well as weirs on Bayou Teche at its confluence with two waterways leading to the Vermilion River for the purpose of maintaining a flow of fresh water to the Teche and the Vermilion. The district is an outgrowth of the 1966 federal Flood Control Act and is funded by a 10-year 1.5 mills property tax that was first levied in 1970 and has been renewed by voters in the district, which comprises the parishes of Iberia, Lafayette, St. Martin and Vermilion, in 1980, ’90 and 2000.
“When the U.S. government built the project and turned it over to the district, certain agreements were signed," explained Executive Director Donald Segrera. “One agreement was that the district must have the funding source to operate the project, and that the district accept the responsibility and have the capability for future repairs and replacements of all features of the project.”
That agreement with the U.S. Army Corps of Engineers requires the district to have $25 million in cash reserves by 2012 for maintenance and replacement of equipment. The district is currently sitting on just over $20 million in cash; the property tax, which will come up for renewal in March, generates roughly $3.2 million annually. Segrera told the council there are no plans for equipment purchases in the district’s 2010 budget.
“Money from the tax has been sufficient to operate the project and to satisfy the amount required by our agreement with the federal government for major repair and replacements,” Segrera added. Don Kelly, the district's accountant, added that once the dictrict reaches its required $25 million cash reserve, the millage will be adjusted downward to cover only annual operating expenses of the district.
We will be offering our recommendations on the constitutional amendments tomorrow.
Three bedroom in Lawtell or two bedroom in Rayne
Fall's new darling
The justices did not comment in leaving in place lower court rulings that dismissed the lawsuits against BP and other companies involved in the worst U.S. offshore oil spill.
White registration is down by 7,700 voters while black registration has shot up by 7,100 voters.
Even though it had been rumored for months, U.S. Sen. Mary Landrieu finally pulled the trigger recently on a major campaign shakeup that moved control over to a few Big Easy insiders.
Acadiana's nightlife guide.
Louisiana's health department says it will seek law changes to stop billing sexual assault victims for exams and tests.
An investment group led by Macquarie Infrastructure and Real Assets will buy the Louisiana power company Cleco for $3.4 billion.
It wasn’t the historic slashes to higher ed funding or the ensuing tuition spikes that recently had LSU’s student body and faculty riled up in collective outrage.
"I feel it is appropriate to speak up when there are topics that are being bandied about with little or no factual data to back them."
Urgent Care clinics unprepared for Ebola; Nazis collected Social Security; Hawaii dodges a bullet and more national and international news for Monday, October 20, 2014.
Monday's Blogs from the Bog!
Will $400 be enough for the re-election campaign of LPSB's Hunter Beasley to overcome two years of holding our school system hostage and hurting the education of our children all because of a personal dislike of the superintendent?
Saints tight end Jimmy Graham said Friday he expects his playing status in Detroit to be decided by coach Sean Payton on Sunday, shortly before the game.
Two bedroom cottage in Lafayette or three bedroom traditional in Erath
Gulf Brew ready threads
Lawmakers have sidestepped a decision on whether they accept claims from Gov. Bobby Jindal's administration that the state closed last year's books with a nearly $179 million surplus.
Coming off the high of a fourth quarter comeback against Tampa Bay and a helpful bye week, linebacker Junior Galette sees a real turnaround coming for New Orleans' struggling defense.
Former President Bill Clinton, the Democratic Party's most popular surrogate this fall, is heading to Louisiana early next week for a campaign rally with U.S. Sen. Mary Landrieu.
Time and again you hear people say DA Mike Harson is unbeatable because he's doled out political favors over the past 20 years. But a new lawsuit could end that speculation.
We welcome nominations from readers and leaders throughout the business community in Lafayette and the five surrounding parishes.
Acadiana's nightlife guide.
Ebola is kind of terrifying if you watch too much Fox News and CNN. Especially Fox, which makes everything look terrifying because, well, War on Christmas and Obama and all.
Local developer’s Lake Charles Gardens LLC purchases buildings and leases; land still owned by Dugas family.
One bedroom townhouse or two bedroom townhouse in Lafayette
Hit the barre for a good cause
Whatever district you are in, please do your research. Find out what the schools need in order to teach. Better yet, ask your child’s teacher. They know!
Get your groove on with two free concerts in Downtown Lafayette Friday, both at Parc Sans Souci.
After the season's signature win (so far), here are some helpful tips for Cajun Nation during the conference stretch.