MUNICIPALITIES MUST GET CREATIVE TO FUND RESILIENCY IN A TIME OF BOTH GREATER NEED AND REDUCED FEDERAL FUNDING
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To date, The Resilience Authority of Annapolis and Anne Arundel County has $50 million in capital assembled in a portfolio built around federal, state and local grants plus charitable donations.
The authority is governed by a local
board of directors.
Authority Director Matthew Fleming said
it also is looking at ways to manage community assets to provide green
benefits.
This could include a solar energy
field on government-owned land.
A municipal-owned parking garage could
enter a public-private partnership to bond out the asset under a new operating
agreement or possibly redevelop it for revenue to fund sustainability capital
projects.
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