PROJ02027

• Contract/PO #: FS0044FX
• Contractor Name: Larimer County, Board of County Commissioners
• Contract Type: Miscellaneous
• Water District: 0
• Loan Projects - Doc Type: Feasibility Study

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Collins in November 1996. Of the $600,000 in the second request, $420,000 was authorized by
the Colorado legislature. The intent is to request that the earlier funding requests be withdrawn,
and replaced by the current request for a loan to Larimer County totaling $3,900,000.

II. Study Objective

The objective for the present study is to examine the economic, institutional and financial
feasibility of a Dry Creek Flood Control Plan, and to present a plan for its implementation. The
Project being examined is the solution recommended by a study conducted by URS Greiner
Woodward Clyde Engineers. It would address both local and regional flooding and urban
drainage issues identified by the City, County, and irrigation companies. The project under
consideration would be constructed by a combined effort ofthe City of Fort Collins and Larimer
County, with Larimer County taking the lead in accord with the terms of the IGA.

III. Scope of Work

This Scope of Work includes a discussion of preliminary engineering results, an analysis of
economic feasibility of the recommended project, an analysis of institutional alternatives and
recommended institutional alternative, and an analysis of the financial feasibility of the
recommended institutional alternative.

Larimer County is a statutory county lying in the north central part of the State of Colorado. Its
population is 243,000. Population of the unincorporated area is 66,000; It has a governing body
of three Commissioners. Current Commissioners are Kathay Rennels, District I, Cheryl Olson,
District II, and Jim Disney, District III.

The area of project benefit is referred to herein as the "Local Basin". This area essentially
consists of the Dry Creek watershed downstream of its northwesterly intersection with Colorado
State Highway 287. This area is bounded on the north by Douglas Road (County Road 54), on
the east by County Road 11, on the south by the Cache la Poudre River, and on the west by the
Dry Creek watershed boundary, about 'l4 mile west of State Highway 287. In terms of
jurisdiction, the area within the Local Basin is about 75% unincorporated County and 25% City.
The Local Basin contains a mix of commercial - industrial land uses, vacant land, and residential
land. The residential areas vary from low income mobile home residences to high income
exclusive subdivisions.

The 1990 Census gives information based on Tract Area. The Local Basin is compromised of
parts of two tracts, Tract 13.02 and Tract 13.03. See attached figure. While not exact, the
division line between the two tracts is approximately the same as the division between the
northerly part and the southerly part of the Local Basin. The median household income for Tract
13.03, encompassing the southerly section of the Local Basin was $16,181. The median
household income for Tract 13.02, which is generally the same as the Upper Basin, was $48,942.

The number of households and business have been determined for each basin. The Local Basin
has 1,001 households. Using the accepted local standard in the City of Fort Collins of2.35

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