Paul, It sounds like potentially an awesome adventure, but you are wise to proceed with caution. Here's my 2 cents worth - If the water rises and lowers very slowly as you describe, you shouldn't have much erosion at all, in fact you may only get deposition. You should be able to tell by looking over the site - is it badly eroded or not? The deposition could be quite wonderful potentially depending on what's upstream. Floodplains tend to be some of the most fertile soils in the natural world. If you time your annual plantings after the floods, you may have an automatic soil replenishing service for free. The EPA tracks water quality for just about every flowing stream in the country, and you should be able to access that data. A quick and dirty assessment would be to see if there are any fish contamination advisories. If there are, it may be draining a superfund site or something of that nature with high levels of some toxic substance. If there are no fish contamination advisories posted, that's a good sign, but you may still want to take a good look at the water quality data, or have it analyzed by an expert. You may want to grab a few samples, especially during flood events and have them analyzed. Many rivers in America have
local groups who advocate for the protection of their water. They usually go by the name "Friends of the _______ River". Find your group and ask them if what you want to do is safe. In the US today, our rivers and streams are in the best shape they've been in for decades, thanks to the Clean Water Act and better farming practices. Many of the places I've lived (28 different cities) are making a concerted effort to educate the public about reducing fertilizer and pesticide runoff, and I believe things are generally getting better and better all the time. So, I'm optimistic about your plans. Nature cleans up our messes amazingly well, meaning that a good bit of the pollution is chewed up by the microbes. For that reason, if it was me personally, I wouldn't be afraid to follow through just because of a small amount of urban runoff upstream. It's real hard to find places anymore that are pristine. Please keep us updated on your adventure.