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Board Meeting Memorandum 09/08/2003 (A)
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Board Meeting Memorandum 09/08/2003 (A)
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Board Meetings
Board Meeting Date
9/8/2003
Description
Non Reimbursable Investments Colorado Floodplain Map Modernization Program
Board Meetings - Doc Type
Meeting
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Non-reimbursable Investment Application- CWCB Construction Fund <br /> • Form Revised August 8,2003 <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 /> affecting numerous counties, cities, and towns throughout Colorado. <br /> S <br /> 4. Please provide a brief narrative description of the proposed project or study including <br /> purpose,need, facilities, and service area: This request is for a non-reimbursable <br /> investment from the Construction Fund to refresh 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. Thus far in 2003,the <br /> CWCB has encumbered/pledged approximately$190,000 for new floodplain maps in <br /> Denver,Douglas,Boulder, and Larimer(pending) Counties and the City of Boulder. FEMA <br /> has granted over$1 million so Colorado this year, and we anticipate a moderate chance of <br /> additional funding before October 1,2003, and an excellent chance of substantial funding <br /> (possibly$1 million or more)in early 2004. This request includes a transfer of$25,000 <br /> from a staff requested deauthorization of an existing grant. <br /> Please explain why you are requesting a non-reimbursable, instead of a loan. (The Construction <br /> Fund exists primarily to provide low interest loans for the construction or rehabilitation of <br /> 2 <br />
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