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-2- <br /> Additionally the statute states that an applicant is eligible for a grant if the cost of the <br /> mitigation recommendations exceed 5% of the total cost of the water project. In this case the total <br /> cost of the mitigation work was $429,920, or 11% of the total project cost of $3,888,556. The <br /> applicant's share for the work will be the first 5% and the grant from the Fund will be for the <br /> remainder of the costs, not to exceed 5%. The disbursement of the grant monies is also limited to <br /> 70%of the total grant amount in any fiscal year. <br /> Finally, the statute requires that the Division of Wildlife and the Wildlife Commission be <br /> notified of the grant application and the Commission agrees with the mitigation plan for the facility. <br /> The Commission must then forward the agreement to the CWCB, and the Board will then adopt the <br /> agreement as the official state position on the mitigation actions required of the applicant. <br /> Discussion <br /> Staff has received the attached notification from the Division of Wildlife Director, that the <br /> Colorado Wildlife Commission has reached agreement with the Town of Monument concerning <br /> wildlife mitigation for the Monument Lake Dam Rehabilitation Project. Under the provisions of the <br /> wildlife mitigation statute 37-60-122.2 C.R.S. the Board is required to adopt the mitigation plan as <br /> the official state position when notified that such agreement occurs. <br /> The Fund was refreshed this year to $5 million by provisions of HB 02-1152, the annual <br /> Construction Fund bill. The grant request therefore is well within the financial resources of the <br /> Fund. Another stipulation of the statute addresses distributing the Fund monies equally between the <br /> east and the west slope. A new accounting of grant distributions within the state will commence <br /> with the new Fund budget. <br /> Recommendation <br /> Staff recommends that the Board adopt the mitigation plan approved by the Colorado <br /> Wildlife Commission as the official state position on wildlife mitigation for the Monument Lake <br /> Dam Rehabilitation project, and award the Town of Monument a grant from the Fish and Wildlife <br /> Resources Fund to cover the eligible design and construction costs of the mitigation plan in the <br /> amount of$194,428. <br /> Flood Protection•Water Project Planning and Financing•Stream and Lake Protection <br /> Water Supply Protection•Conservation Planning <br />