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.
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Here's your daily look at late-breaking national and international news, upcoming events and the stories that will be talked about Tuesday, March 11, 2014:
The board hopes to recover all fees paid, plus one-half, along with what could amount to hundreds of thousands in additional penalties.
Oh, the irony... or something like that.
Acadiana's nightlife guide.
Hopefully he’ll be better prepared today than he was in that Feb. 20 deposition.
They came by the hundreds, arriving from all regions of the state to gather on the steps of our Capitol in protest of the Legislature’s long tradition of giving industry the go-ahead to abuse our air, our water and our coastline, all in the name of good economics.
Gov. Bobby Jindal’s recent rhetoric against President Barack Obama has failed to boost his standing among the conservative base.
Louisiana's annual legislative session begins.
The state has hired marksmen to shoot feral hogs from helicopters at two wildlife management areas in south Louisiana.
St. Patty's Day crafts
The former star of Saturday Night Live throws in his 2 cents on the Big Oil lawsuit.
New menu items ready for the Lenten season
The Cane Fire Film Series screens “MaidenTrip” on Monday, March 10, at the AcA.
Acadiana's nightlife guide.
The vibe of the tribe done modern
The Louisiana Workforce Commission said Friday that initial claims rose to 2,125 from the previous week's total of 1,964. There were 2,887 initial claims during the comparable week in 2013.
The Board of Elementary and Secondary Education has stalled action on a $3.5 billion annual school funding formula due to state lawmakers by March 15.
The New Orleans Saints have yet to make it official as of this writing, but popular wide receiver Lance Moore has reportedly been cut by the team to free up salary-cap space on the roster.
While two medical marijuana bills are slated for the upcoming legislative session, what some Louisianans might not know is that the plant was approved for therapeutic use by state lawmakers in 1991.
The agenda is shaping up to be lighter than in previous years. But Jindal is term-limited, with fewer than two years remaining in office, and he saw his last big initiative — a proposed rewrite of Louisiana tax law — collapse without getting a vote in 2013.
Sharper has been held without bail because of an arrest warrant issued by Louisiana authorities accusing him and another man of raping two women.
Two Lafayette men have been revealed by police as the infamous duo behind a caper that shook our fair city to its core.
She’s the daughter of the legendary Johnny Cash, but she’s been a gifted artist in her own right for three decades, and she’s coming to Lafayette.
The Lafayette Parish School Board has received a second letter of demand related to last year’s insurance debacle, this time from Key Benefit Administrators claiming it’s owed $93,000 from the school system.
Acadiana's nightlife guide.
The Louisiana coastline is vanishing faster than mappers can keep track.
A bill that would have overridden local ordinances prohibiting public and private employers from discriminating against lesbian, gay and transgender people has been pulled within less than a week of being filed.
The panel that selects nominees for a controversial New Orleans area flood control board — a board that is suing more than 90 oil, gas and pipeline companies — is set to discuss legislation affecting its independence.