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Executiue Summary <br />The Colorado Water Conservation Board (CWCB) understands well that current and accurate <br />flood hazard maps provide the cornerstone for effective floodplain management. The Federal <br />Emergency Management Agency's (FEMA's) Flood Insurance Rate Maps (FIRMs) are also <br />recognized as one of the essential tools for flood hazard mitigation in the United States. <br />Unfortunately, many of these maps have become outdated, and significant areas of the country <br />remain unmapped. To address this problem, the President's budget for Fiscal Year (FY) 2003 <br />included $351 million for initiating FEMA's national Multi-hazard Map Modernization Program, <br />with an actual FY 03 approved amount by Congress of $150 million for the Program. Similar or <br />higher funding levels are proposed for subsequent fiscal years, including the appropriation of <br />$200 million for FY 2004 by Public Law (P.L.) 108-90. <br />Pro~ram Vision <br />This 2004 Business Case Plan (Plan) for the State of Colorado serves as the State's "notice of <br />interest" to participate in Flood Map Modernization activities. This Plan was prepared to assist <br />the CWCB with identifying statewide map update goals and objectives and to assist FEMA in <br />the development of regional and national plans for implementing the Multi-hazard Map <br />Modernization Program. This Plan summarizes the role that Colorado intends to play in <br />completing the required mapping activities and the way that these activities will be managed and <br />performed. This Plan also identifies mapping priorities and outlines an approach for addressing <br />these priorities. <br />Pro~ram Plan - Obiectives <br />The CWCB, in conjunction with the Denver metropolitan area's Urban Drainage and Flood <br />Control District (UDFCD) for communities within the UDFCD's jurisdiction, will coordinate <br />Colorado's floodplain mapping program in accordance with the guidelines provided by the <br />FEMA, by implementing the following program management objectives: <br />• Assess floodplain mapping and other hazard needs within Colorado on a yearly basis. <br />• Update the Business Case Plan, the prioritization parameters, and the prioritized list of <br />studies on a yearly basis. <br />• Educate the public on the risk that flood hazards pose as well as proper floodplain <br />management practices and partner with communities to collect accurate base map and <br />flood hazard information. <br />• Perform community outreach activities and conduct pre-scoping meetings and scoping <br />meetings that lead to completion of flood studies and map updates based upon the yearly <br />needs assessment and prioritization, maximizing local ownership of these products. <br />• Provide new and updated digital flood hazard data to Colorado residents through the <br />Internet and other appropriate means, taking full advantage of local digital resources. <br />• Compile the digital data into a statewide base map database for use as a scoping and <br />assessment tool, and to facilitate flood hazard mapping activities in the future. <br />• Evaluate conditions and make recommendations to restudy flood hazards where <br />development occurs, watershed conditions change, maps become outdated, or new <br />information and/or methods become available. <br />Colorado Business Case Plan (Final Draft) ES-1 <br />