Valdez Dam, located in Wayne County, Iowa, is a private-owned structure designed by the Wayne County Engineer. Completed in 2002, this Earth dam stands at a height of 25 feet and spans a length of 352 feet. With a primary purpose of providing fire protection and serving as a stock or small fish pond, Valdez Dam offers a storage capacity of 99 acre-feet and covers a surface area of 4.3 acres.

Situated in the Rathbun Reservoir area along the TR-South Fork Chariton River, Valdez Dam plays a crucial role in maintaining water resources for the region. While the dam has a low hazard potential and a moderate risk assessment rating, it remains ungraded in terms of its condition assessment. Despite not being regulated by the state, Valdez Dam undergoes regular inspections and enforcement to ensure its structural integrity and operational efficiency.

With its uncontrolled spillway and soil foundation, Valdez Dam contributes to the water management efforts in the area, providing essential services for fire protection and recreational purposes. The dam's location in a wildlife-rich environment underscores its significance in supporting the ecosystem while also serving as a potential source of emergency water supply. As an integral part of the region's water infrastructure, Valdez Dam stands as a testament to sustainable water resource management practices and climate resilience efforts.