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<br />, .... <br /> <br />NOTE: The match is not on the grant amount requested but rather on the total Drought <br />Mitigation Plan development project budget. (e.g. Total cost for Plan project = $20,000. The <br />minimum 25% match required for the Plan project = $5,000. Therefore the maximum grant <br />request for the Plan project = $15,000.) <br /> <br />. <br /> <br />d) Application Review and Ranking - <br />An Applications Committee consisting of Colorado Water Conservation Board staff will review <br />applications. The Applications Committee will first determine whether applications meet the <br />eligibility requirements specified in the guidelines. The Committee will then evaluate and rank <br />the applications in accordance with the Application Evaluation Criteria provided. Based on this <br />ranking, the Applications Committee will select and award grants for applications under $50,000. <br />A listing of grant proposals that are highly ranked by the Applications Committee and exceed <br />$50,000 will be provided to the Board for review and approval, as appropriate. <br /> <br />e) Application and Award Timing- <br />Funds for financial assistance to covered entities, if available, will become available on July 1 of <br />each year, at which time the Board will entertain applications. No funded project will be allowed <br />to extend over more than one calendar year from the date of the grant award, if the grant funding <br />source is from Severance Tax. Financial assistance will be awarded, at a minimum, in four <br />phases over the course of the State's fiscal year, based on fund availability and applicant demand. <br />Please review the table below for information on the four phases: <br /> <br />F <br /> <br />h <br /> <br />th t <br /> <br />r f <br /> <br />.11 b <br /> <br />t d d <br /> <br />.d d ~ <br /> <br />d <br /> <br />our pi ases a appllca Ions WI e accepl e an consl ere or an awar : <br />Phases Applications received during Consideration for grant awards will be <br /> the following periods: made by the OWCDP or the Board <br />Phase 1 st st September <br />July 1 to August 1 <br />Phase 2 nll st November <br />August 2 to October 1 <br />Phase 3 no sl January <br />October 2 to December 1 <br />Phase 4 nll st March <br />December 2 to February 1 <br /> <br />. <br /> <br />Notification of award will be made in writing 30 days of the associated Board meeting <br /> <br />t) Payment - The CWCB will make payments during the term of the project from this grant <br />program to the planning entity that has been awarded funds; as described by each applicant in <br />their scope of work. All awarded grants will be bound by a Colorado State contract or purchase <br />order that is in accordance with State fiscal rules. An applicant shall not commence work on any <br />portion of the project funded by CWCB grant monies prior to the CWCB generating a purchase <br />order or contract for the project. All payments will be based on invoices for work already <br />completed. Also, please note according to State fiscal rules the Office has 45 days to process an <br />invoice and send payment to the entity once an invoice is received. The individual payments do <br />not need to be equal. The final payment will be at least 15% of the total grant award, which will <br />not be released until completion and Office approval of a Final Drought Mitigation Plan. <br /> <br />. <br /> <br />6 <br />