• Develop a process to create at least four solicitations that will attract projects from sponsors and/or bidders with a history of innovation/openness to new ideas, and with staff that have the ability to learn new approaches to conservation and conservation finance • Ensure solicitations involve administering agencies/departments with a relevant priority that aligns with an appropriate environmental outcome (habitat, floodplain resilience, etc.) • Identify entities with the capacity and authority to hold funds for the appropriate amount of time (project dependent) for the solicitations • Evaluate and identify possible funding sources - including among existing federal, state, and local programs - suitable to the constraints of a pay-for-performance approach (longer agreement timelines, ability to repay investor interest as appropriate, etc.) • Identify potential environmental justice and equity considerations for pay for performance contracting • Ensure local procurement law expressly allows a pay-for-performance approach and would require little to no additional inquiry/authorization to proceed; or there are no legal barriers to a pay-for-performance approach; or specific statutory changes and/or rule or policy updates necessary to enable a pay-for-performance approach. • Solicitations will include approaches and provisions that mitigate all major state and local barriers • Incorporate the Environmental Incentives Pay for Performance toolkit for contract terms and guidance • Ability to create solicitations that achieve priority goals of the Puget Sound Salmon Recovery Plan Addendum and/or the Action Agenda
