What the managed retreat fund can pay for

A. The managed retreat revolving fund is established for the purpose of optimizing opportunities for shifting development inland from the coast through the physical movement of existing structures by funding: 1. Shoreline safety improvements including mitigation or removal of hazardous conditions due to shoreline erosion. 2. Removal or relocation of structures or infrastructure that pose a threat to public health or safety or the environment. 3. Programs and permitting, inclusive of environmental assessments, related to the purposes of this chapter. 4. Leveraging funds provided by federal, state, nonprofit or for-profit organizations, and other non-County entities to further the purposes identified in this chapter. 5. Equivalent personnel and administrative costs. B. The revenues in this fund must not be used for any purpose except the purposes listed in subsection A. C. The revenues in this fund must not be used for the purchase, acquisition, or rehabilitation of privately-owned property unless approved by an affirmative vote of two-thirds of the members of the council by resolution. ( Ord. No. 5442 , § 1, 2022)