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1998-03-09 RM Exhibits NEW HANOVER COUNTY BOARD OF COMMISSIONERS RESOLUTION IN SUPPORT OF DREDGING THE CAPE FEAR RIVER Whereas, the Cape Fear River Dredging project will impact the entire State of North Carolina; will take eight years to complete and has three elements, including deepening the Cape Fear River from 38 feet to 42 feet and the Ocean Bar Entrance from 40 feet to 44 feet; constructing a 6.2 mile passing lane near the Military Ocean Terminal at Sunny Point; and deepening the channel upriver of Memorial Bridge to 38 feet; and Whereas, Congress authorized this project in the 1996 Water Resources Development Act with federal funding initiated in the Fiscal 1998 Water Resources Appropriations bill, and Whereas, the project funding which requires federal/state matching funds to support the $350 million estimated cost of the project, with $225 million in federal funding and $75 million in state funds; and project cost reductions to date total $50 million, with further reductions currently being studied by the Corps of Engineers; and Whereas; the aforementioned projects are essential to keep current business as well as attract new customers to the State Port at Wilmington, especially container carriers; strategic mobilization benefits the Wilmington and Military Ocean Terminal at Sunny Point; represents a substantial investment in the State's transportation infrastructure with dividends over several decades; and plays a significant role in the military mobilization of North Carolina and South Carolina military installations; and Whereas, the economic impact of the State's economy is $300 million in tax revenue and 80,000 jobs, and economic development opportunities for the State include attracting business and industry increasingly dependent on access to global markets; and Whereas, the dredging project will create wetlands and provide material resources for beach renourishment, and full mitigation of any unavoidable negative environment impacts will be conducted; and Whereas, the Cape Fear River Deepening project has broad-based support by the North Carolina Congressional delegation, and North Carolina public and private sector leaders and organizations; NOW THEREFORE BE IT RESOLVED, that the New Hanover County Board of Commissioners hereby supports the North Carolina State Ports Authority's Cape Fear River Deepening project. Adopted this 9th day of March 1998. ctt~:v~ lerk to the Board 'ZJ ~ {)-C~~ William A. Caster Chairman