Supplemental Benifits Fund (SBF)
SUPPLEMENTAL BENEFITS FUND (SBF) ADMINISTRATION
|The Feather River runs
through Downtown Oroville
The City of Oroville listened to the concerns of the local Community and committed its negotiation process to funds that would provide recreation projects to the Community. The Department of Water Resources (DWR) and State Water Contractors (SWC) have proposed to endow Oroville, through the Supplemental Benefits Fund (SBF) a total of $61,270,000 to be paid in annual installments. The SBF will provide financial means for the community to also develop projects outside the Federal Energy Regulatory Commission (FERC) Final agreement signing is planned to be mid 2009.
The economic and recreational benefits provided from the Supplemental Benefits Fund allows opportunities for job creation, tourism, and local recreation. Much of the recreational and economic development will occur along Oroville’s most prized natural resource, the Feather River. The Waterfront Development Concept is designed to integrate the Feather River with the Oroville Community.
The City of Oroville is the Fund Administrator and a Fund Steering Committee composed of five voting members (three members from the Oroville City Council; and two members from the Board of Directors of the Feather River Recreation and Parks District) and non-voting advisory members provide direction regarding proposed projects to be funded through the Fund. Representatives from the California Department of Water Resources, State Water Contractors, American Rivers, and the Oroville Area Chamber of Commerce comprise the advisory membership.