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Finance Committee Meeting 2009
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Finance Committee Meeting 2009
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8/18/2014 1:33:12 PM
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Board Meetings
Board Meeting Date
9/15/2009
Description
Finance Sub-Committee Meeting September 15, 2009
Board Meetings - Doc Type
Meeting
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Non-Reimbursable Investment Application- CWCB Construction Fund <br /> Form Revised July 17,2008 <br /> (c) Current Assessment per share$ (d)Number of shares <br /> Part B.-Description of the Project <br /> 1. Name of the project or study: Colorado Floodplain Map Modernization Program <br /> 2. What is the purpose of this grant application? Check one. <br /> _Demonstration project <br /> X Study <br /> Rehabilitation or replacement of existing facility <br /> _Other(describe) <br /> 3. General location of the project or study. (Please include county and approximate distance <br /> and direction from nearest town, as well as legal description): This is a statewide program <br /> eventually affecting most or all counties and communities throughout Colorado. <br /> 4. Please provide a brief narrative description of the proposed project or study including <br /> purpose,need, facilities, and service area: Response: This request is for a non- S <br /> reimbursable investment from the Construction Fund to the CWCB's Floodplain Map <br /> Modernization fund. The original investment in the 2003 Construction Fund Bill was <br /> $500,000 and these dollars are used to leverage against federal grant dollars and local <br /> matching dollars for Map Modernization activities in Colorado. So far,the CWCB has <br /> encumbered or pledged matching dollars for new digital floodplain maps in Douglas, <br /> Boulder,Latimer,Fremont, Clear Creek, Montezuma,Mesa, Garfield, Pueblo, Teller, <br /> LaPlata, Weld, Archuleta, Summit,Delta, Elbert, Montrose,Rio Grande,Park, Gunnison, <br /> Morgan,Prowers and El Paso Counties and the City of Boulder. FEMA has granted well <br /> over$8 million thus far for Colorado floodplain map modernization projects. We anticipate <br /> an excellent chance for continued substantial FEMA funding in Colorado during the next <br /> several years and beyond,with total allocations expected to exceed$10 million in the next <br /> year. <br /> 5. Please explain why you are requesting a non-reimbursable, instead of a loan. (The <br /> Construction Fund exists primarily to provide low interest loans for the construction or <br /> • <br /> 2 <br />
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