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Water Supply Reserve Account – Grant Application Form <br />Form Revised O ctober 2006 <br />_______________________________________ <br /> <br /> <br />The proposed project meets t he objectives or furthers the goals identified in the SWSI Report. <br />Finding #1 and Recommendation #3 speak to the issue of agricultural needs and increased <br />environmental and recreational needs . This project is located at the upper portion of the Paonia <br />Rive r Park. The project will provide better control of river flows and keep more water in the river <br />for recreational use in the River Park and sections below the park. Simultaneously, it will enable the <br />irrigation water users a means of obtaining their decreed water. <br /> <br />Compliance with 37 - 75 - 102 C.R.S . The proposed project fully meets the requirements of the <br />statute. T he project does not impair or affect , in any way , the current system of allocating or <br />adjudicating water rights as permitted under Colorado Law. <br /> <br />F unding: <br />In addition to the funds being sought through the Water Roundtable, the Paonia Ditch Company <br />has committed $5,000 to the project for 2007; additional funds from the Paonia and Feldman Ditch <br />Companies are expected. Funding sought from the Colorado Water Conservation Board represents <br />8 6 percent of th is phase of the project. Other f unding, in - kind contributions, and work previously <br />paid for will substantially leverage the Board’s funds. <br /> <br />Source s of funds and the percent of total funding from each sour ce for Part 2 are shown below. <br /> <br /> <br />Sources of Funds Cash In - kind Total <br /> <br /> Commit Pending <br />CWCB $62,700 $62,700 86% <br />Paonia Ditch Company $5,000 $3,800 $8,800 12% <br />Feldman Ditch Company $1,000 $1,000 1% <br />Total $72,500 <br /> <br />$5,00 0 $67,500 $0 100% <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />8 <br /> <br />