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.
Local and state agents Thursday night raided The Keg, the popular college bar located in the area known as The Strip, leading to the (at least) temporary closure of the venue.
Here's your daily look at late-breaking national and international news, upcoming events and the stories that will be talked about Friday, April 18, 2014:
Friday's Blogs from the Bog!
Time and time again, the Lafayette Parish School Board shows an overwhelming tendency toward idiocy, but Wednesday night’s contentious discussion over Northside High School’s teen mother program tops the list of dumb discussions.
C & C Technologies, HIT Fitness, R3 Sciences, the Acadiana Symphony Association and the United Way of Acadiana recognized for innovation.
“The accomplishment of this goal within the next ten years is not only critical for the region to effectively compete with other regions for residents and businesses, but also to provide an amenity for everyone in Acadiana to enjoy.”
Education Superintendent John White says a continued push to try to keep Louisiana from using tests associated with the Common Core education standards are creating "a state of chaos" for public school teachers.
The Acadiana Symphony Orchestra has decided to end its traditional Independence Day spectacular known as Red White & Boom.
Under the deal, Teche shareholders would get 1.162 shares of IberiaBank for each share of Teche stock.
Gov. Bobby Jindal's plan to use $210 million in surplus and one-time money to help balance next year's budget received the backing Thursday of the State Bond Commission, support that was needed for the maneuver to work.
Acadiana's nightlife guide.
State wildlife and fisheries agents have arrested a 39-year-old man accused of stealing crawfish.
An East Feliciana Parish lawmaker has jettisoned his proposal to make it harder for a condemned prisoner to appeal a death sentence.
Senators advanced a proposal Wednesday that would let the governor remove New Orleans-area levee board members for violating what he considers to be public policy, despite concerns it would introduce political meddling into state flood protection.
The must have pieces this season
Dave Perkins, LCG Comp Plan honored along with local architects and designers at the 2014 INDesign Awards
Greg Manuel’s Lafayette-based residential development company is taking advantage of exponential industrial growth in Lake Charles.
Longtime Lafayette retailer ventures online.
It’s not how aggressive or conservative you are — it’s planning for risk that matters most.
Thanks to cutting-edge digital technology, more and more consumers are banking on ATMs and mobile phones.
Regional bank bids farewell to Downtown May 30
ABiz takes a look back at the most noteworthy moments for the local banking industry over the last year.
Most experts say short-term interest rates will be unchanged through 2014, but long-term rates are inching up.
Largest recruitment event in Acadiana returns May 21 to the Cajundome Convention Center
A lawyer’s ad should only be a starting point, as there is much more to consider when seeking quality representation.
Thanks to the inaugural 2012 INNOV8, a design for lifting heavy objects was brought to market.
The annual juried competition recognizes excellence in architecture, interior design and historic preservation in Lafayette and the five surrounding parishes.
Cypress Bayou GM hosts open house.
New hires, promotions, transfers in Acadiana business
The scion of a landmark Four Corners restaurant climbs back into Lafayette’s culinary scene as franchisee for a popular burger chain.