BOARD00043 ‎(3)‎

• Board Meeting Date: 9/19/2006
• Description: CF Section - Finance Subcommittee Meeting
• Board Meetings - Doc Type: Meeting

Non-reimbursable Investment Application - CWeB Construction Fund

Form Revised Auguslt 17,2003

(c) Cunent Assessment per share $_

(d) Number of shares

Part B. - Description ofthe Project
1. Name ofthe project or study: Colorado Floodplain Map Modernization Program

2. What is the purpose ofthis grant application? Check one.
_ Demonstration project
X Study
_ Rehabilitation or replacement of existing facility
_ Other (describe)

3. General location of the project or study. (please include county, and approximate distance
and direction from nearest town, as well as legal description): This is a statewide program
eventually affecting most or all counties and communities throughout Colorado.

4.

Please provide a brief narrative description of the proposed project or study including
purpose, need, facilities, and service area: Response: This request is for a non-
reimbursable investment from the Construction Fund to the CWCB's Floodplain Map
Modernization fund. The original investment in the 2003 Construction Fund Bill was
$500,000 and these dollars are used to leverage against federal grant dollars and local
matching dollars for Map Modernization activities in Colorado. So far, the CWCB has
encumbered or pledged matching dollars for new digital floodplain maps in Denver,
Douglas, Boulder, Adams, Arapahoe, Jefferson, Larimer, Fremont, Clear Creek,
Montezuma, Mesa, Eagle, Pueblo, Teller, LaPlata, Weld, Archuleta Counties and the City
of Boulder. FEMA has granted well over $3 million thus far for Colorado floodplain map
modernization projects. We anticipate an excellent chance for continued substantial FEMA
funding in Colorado during the next several years and beyond, with total allocations
expected to reach over $10 million.

Please explain why you are requesting a non-reimbursable, instead of a loan. (The
Construction Fund exists primarily to provide low interest loans for the construction or
rehabilitation of Raw Water Projects. Non-reimbursable Investments are approved only

5.

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