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the property for the flood control structures Number 3 and 5 as well as the property for the East Vine Diversion and purchase a flood easement for the flood pool for Structures Number 3 and 5. Q20: Under Larimer County and the State of Colorado on page 18, it should be explained that the County will request a loan of up to $3.9 million from the Severance Tax Trust Fund administered by the CWCB and that the City and County will relinquish the existing Construction Fund authorization of $920,000. Is the West Vine Stormwater Utility the entity with which the CWCB would contract for a loan? R20: This paragraph will be revised to read: Larimer County will request a new loan of up to $3.9 million from the Severan ce Tax Trust Fund administered by the CWCB. Larimer County and the City of Fort Collins will relinquish the existing Construction Fund authorization of $920,000. Larimer County anticipates the principal and interest for the $3.9 million loan will be rep aid from funds from the City of Fort Collins Utilities and the Larimer County Dry Creek Stormwater Utility. Larimer County and the City of Fort Collins Utilities are currently working to establish the Dry Creek Stormwater Utility. Q2l: On page 19 under US Army Corps of Engineers, have any of the environmental analyses been performed? If not, what is the schedule for these analyses? The 404 Permit activities should be included in the overall project schedule on page 25. Will an EA or EIS be required? R21: Since the comment review meeting on November 22, 2000 Larimer County has authorized URSGWC to conduct an environmental assessment. The environmental assessment includes evaluating threaten and endangered species, cultural resources and wetlands impacts. This assessment is included in the Dry Creek Feasibility Study. Q22: On page 22, is the 47% / 53% allocation of project costs intended for the entire period of loan repayment? Any arrangements for modifying the allocation of debt during the repayment period should be described here also. R22: The repayment of principal and interest for the loan will be the responsibility of Larimer County. The Dry Creek watershed is in both the City of Fort Collins and Larimer County. The City of Fort Collins has been collecting storm water fees since 1981 from developed properties within the City of Fort Collins. Thus, the City of Fort Collins has up front revenue to provide 25% matching funds for the loan in addition to its commitment to reimburse the County for the City's share of the principal and interest payments for the CWCB loan. See response to Question Number 15. Larimer County will generate revenue through establishment of a stormwater utility for Dry Creek. The rates established for the new Larimer County Dry Creek Utility will be the same as the existing City of Fort Collins Utility. The financial feasibility of this project which is shown in Table 3 of the Dry Creek Flood Control Plan Feasibility Study is for both the developed properties in the City and the Page 5 of7