Project 1:
Collection and Removal of Sediment at Timberlake

Major Milestones and Projected Timeline

• Completed Bathymetric study to map lake topography - January 2017

• Evaluated volume and content of sediment in inlet streams and five coves - November 2019

• Consult with environmental engineers and government agencies on project permitting process - January through July 2020

• Solicit bids from qualified contractors via
eVA Procurement Site - July 2020

• Select and notify contractor - late July 2020

• Seek project financing with area lenders - July-August 2020

• Develop project budget for approval by Virginia Soil and Water Conservation Board - September 2020

• Contract for Project 1 awarded to: C&M Dredging & Dewatering, Leesburg, FL https://www.cmdredging.com/ - November 22, 2020

2021

• Trustees sign commitment letter for financing Timberlake WID Project 1 with First Bank & Trust - January 15; Loan closing planned week of February 2

• Public Notice announcing Timberlake WID tax posted by Trustees in THE NEWS ADVANCE, January 10, January 17

• Timberlake Homeowners’ Association posts letter to community regarding safety policies and restrictions on use of spillway, lake, and Pavilion during dredge project – January 25

• VA DEQ issues Draft Virginia Water Protection Permit (VWP) to Timberlake WID - January 27

• WID Trustees post Public Notice on Draft DEQ VWP issued with a 30-day public comment period in THE NEWS ADVANCE, January 28

• VA DEQ Draft Permit 30-day public comment period - January 29-March 1.

• Public Hearing on announcement of Timberlake WID tax held by Trustees
- January 30

• Timberlake WID notified that Timberlake Homeowners’ Association instructed WID property owners inside marked dredge areas instructed to relocate pontoon boats and small watercraft clear of dredge areas
- by February 10

• Excavate and prepare Timberlake Pavilion site to hold de-watered sediment - begins February 15, complete within 3 weeks

• Begin dredging project - mid March 2021 Estimated completion in 65-90 days

Financing and Repayment
of Project 1 Costs

The initial TWID project is financed by contributions from the Timberlake Homeowners’ Association (THA), members of the Timberlake community, and a loan from the First Bank & Trust. The cost for the project includes: cost of site preparation, cost of dredging, administrative and operating costs, and an accrual for on-going maintenance dredging. 

The loan is to be repaid over a 12-year period by a Timberlake WID Real Estate tax on parcels with property that touches the lake or one of the creeks that flow into the lake. Beginning in 2022, the TWID Real Estate tax is due in two installments, one in July and one in the first week of December 2023.

The 2023 tax rate for the initial TWID project is $.15 per $100 of the January 2022 assessed property value.