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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />FINANCING OPTIONS <br /> <br />Numerous external funding mechanisms are possible for a multi-use project such as the planned <br />Preferred Alternative - Undetained Diversion to Boxelder Creek project. While it is beyond the <br />scope of this report to fully develop the funding sources and their committed levels of funding, <br />several ideas are presented that identifY funding and the project components each funding source <br />is being asked to fund. <br /> <br />The overall funding concept is to make grant or loan requests for appropriate project components. <br />The Town wishes to minimize their initial cash outlay. <br /> <br />However, the town has developed cash flow documents that demonstrate that development fees <br />can pay for loan debt service on anticipated loans. Furthermore, the Town is in the initial stages of <br />evaluating Storm water Utility Fees and developing a Special District. A portion of the fees under <br />one of these enterprise funds will be used to provide a revenue stream for debt service and <br />maintenance of the facilities planned in this report. <br /> <br />The following list is not meant to be comprehensive nor have the stated sources committed to the <br />proposed project. The stated entities are examples of the sources that are being approached or <br />will be approached to fund the multi-use project planned in this report. <br /> <br />POTENTIAL FUNDING SOURCES AND RELEVANT PROJECT ASPECTS <br />Table III <br /> <br />POTENTIAL FUNDING SOURCE RELEVANT PROJECT ASPECTS <br />Department of Local Affairs (State) Community Improvement <br />Department of WIldlife (State) Habitat Improvement <br />Colorado Lottery Funds (State) Parks, Open-space, Bike Trails <br />Colorado Water Conservation Board (State) Floodplain Improvements and Engineering <br /> Design <br />Larimer County (Local) Vehicle Bridges, Open-space and Bike Trails <br />Special District - Coal Creek Basin Drainage Floodplain and Drainage Improvements <br />District (Local, yet to be formed) <br />Rural and Community Development (Federal) Overall Community Development <br />COOT - Transportation Efficiency Act (State) Bridge Improvements and Alternate <br /> Transportation <br />FEMA (Federal) Floodplain Mitigation <br /> <br />17 <br />