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�- <br />� <br />�� <br />! <br />Proiect Administration <br />� <br />The proposed project complies with the administrative provisions of the "Construction Loan <br />Guidelines". The project has addressed the; <br />a. Economic hardshin posed to the communitv bv the flood threat• Damages from the 100- <br />yeaz flood are $8,712,000 . Emergency services, environmental damage, clean up, <br />business downtime, and other intangibles, including emotional hardship to families, are <br />not included in the estimated costs. The Dry Creek basin is predominantly a low-income <br />area. Post-flood recovery would be fmancially nearly impossible for many families. <br />b. The_rankin� of the proposed project bv the community compared to other capital <br />improvement projects• Improvements to Dry Creek are the single greatest incentive for <br />future redevelopment for the Dry Creek area as identified in the North College Avenue <br />Comdor Plan. The Dry Creek Master Drainageway Plan ranks the project as the highest <br />priority in the Dry Creek basin for flood control and hazard reduction. <br />c. The community's financial securit�package• Revenues generated from the City <br />stormwater fees collected in the Dry Creek basin amount to approximately $44 �0 <br />annually and $35I,000 pQSitive fund balance. � Fee C�h b< u vn t�r�* � <br />d. The degree of citizen su�port expressed for the project at a public hearing,; T'wo Open <br />Houses were held regarding the proposed improvements. Residents within the Dry Creek <br />basin expressed the desire to remedy the flood threat, however, also indicated that <br />because the majority of basin residents are low income, cannot afford to conti to <br />funding the improvements. In addition, City Council has adopted the Dry Creek Master <br />Drainageway Plan and the North College Avenue Corridor Plan which identif�� the Dry <br />Creek floodplain as the primary issue to be addressed. <br />The nu�ber of oersons and structures that would be removed from the floodplain by the <br />rp oject; There are 828 structure currently located in the Dry Creek floodplain in the City <br />and County areas that would be removed with the implementation of the proposed <br />project. Most of the structures are pre-Firm and therefor� do not carry flood insurance. <br />� <br />�.�.:�- <br />f. The communitv's commitment to sound floodnlain mana�ement as evidence bv its <br />National Flood Insurance Pro�ram Participation status and the completeness of its , <br />adopted reeulations• Fort Collins and Larimer County are fully committed to sound <br />floodplain management. For example, as previously stated, the City is currently rated as <br />CRS Class 7 and will most likely be rated a Class 6 with the verification of the December <br />1995 CRS application. A Class 6 rating would place the City in the top three <br />communities nationwide for floodplain management. The Adopted Guidelines for the <br />Management and Administration of Floodplains (Attachment 5) and revised City Code, <br />Chapter 10, Flood Hazard Areas (Attachment 6) are included. <br />EXHZBZT A <br />