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Fort Lyon Canal Company Agenda Item 23a <br /> September 15-17, 2015 Board Meeting(Updated September 18, 2015) <br /> Page 5 of 7 <br /> Water Supply Reserve Account Grant <br /> Applicant £t Fiscal Agent: Fort Lyon Canal Company <br /> Water Activity Name: Replacement of the Horse Creek Flume <br /> Water Activity Purpose: Agricultural <br /> County: Otero, Bent, and Prowers <br /> Drainage Basin: Arkansas <br /> Water Source: Arkansas River <br /> At the June 2015 Arkansas Basin Roundtable meeting, the Roundtable recommended approval of the <br /> Replacement of the Horse Creek Flume project application request for the following Basin and <br /> Statewide Funds: <br /> Amount Requested/Source of Funds: $50,000 Arkansas Basin Account <br /> $450,000 Statewide Account <br /> $500,000 Total Grant Request <br /> Matching Funds: Basin Account Match: $50,000 = 10% of total grant request (meets 5% min); <br /> Basin Accounts a Applicant Match: $1,738,000 = 348% of total grant request <br /> (meets 25% min); <br /> Applicant Match: $1,688,000 = 77% of total project costs ($2,188,000) <br /> (refer to Funding Summary/Matching Funds section) <br /> Objectives: <br /> • Restore safety and reliability of the Horse Creek Flume to ensure continued deliveries to <br /> downstream users. <br /> Discussion: This project aligns well with goals and measurable outcomes as specified in the Arkansas <br /> Basin Implementation Plan as Agricultural Goal 1: Sustain an annual $1.5B agricultural economy in the <br /> Basin (Section 1.6.2.2 Agriculture, Table 1.6.3 - Agricultural Goals, Page 16). <br /> Issues/Additional Needs: No issues or additional needs have been identified. <br /> Threshold and Evaluation Criteria: <br /> The application meets all four Threshold Criteria. <br /> Tier 1-3 Evaluation Criteria: <br /> Staff has reviewed and evaluated the applicant's response to the Statewide Account Supplemental <br /> Scoring Matrix and has determined that it satisfies the Evaluation Criteria. Please refer to WSRA <br /> Application for applicant's detailed response. <br /> Funding Summary/Matching Funds: <br /> Cash In-kind Total <br /> Fort Lyon Canal Company $75,000 $0 $75,000 <br /> CWCB Loan $1,613,000 n/a $1,613,000 <br /> Sub-total matching funds $1,688,000 $0 $1,688,000 <br /> Arkansas Basin Account $50,000 n/a $50,000 <br /> WSRA Statewide Account $450,000 n/a $450,000 <br /> Total $2,188,000 $0 $2,188,000 <br />