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<br />\' <br /> <br />y <br /> <br />- 3- <br /> <br />e <br /> <br />In prior years, a certain level of funding was allocated to each state coordinating agencies who distributed <br />funds to local governments based on their own internal priorities. In FFY03, a new system was <br />established in which the program became nationaIly competitive. This means that funding remains in a <br />national pool, and all applicants compete with each other nationaIly. No state is guaranteed any minimum <br />amount, and there is no cap to what an individual state can receive in a funding cycle. The maximum <br />grant award for an individual project is $3 million, but there is no limit to the number of project <br />applications that can be submitted by a state or even a local government. <br /> <br />In FFY03, one award was made to the state of Colorado. This was a project award for a flood detention <br />project in the City of Fort CoIl ins for $2.7 miIlion. A number of project applications were turned in on <br />March 14, 200S for the FFY04/05 funding cycle, which was combined due to a delay in federal <br />appropriations of the FFY04 funds. These project applications represented a number of natural hazards, <br />but three flood-related applications were prepared with significant assistance from the CWCB. These <br />applications included a $3 million grant application for the City and County of Denver, a $3 million grant <br />application for the City of Grand Junction, and a $290,000 application for the Town of Erie. A <br />considerable amount of technical assistance was provided by the CWCB for each of these applications, <br />and CDEM is very pleased with the end results. A number of other flood applications were not submitted <br />due to the unavailability of data or local staff time to complete the application. These included projects in <br />Prowers County, Town of Mead, City of Greeley, City of Wheat Ridge, and additional projects by the <br />City and County of Denver. It is anticipated that a number of these project applications wiIl be completed <br />and submitted during a subsequent funding cycle. <br /> <br />e <br /> <br />The national competition for these grant funds is fierce, and several people have described the application <br />process as "onerous" or similar descriptions. Nonetheless, it should be noted that with a little effort in the <br />application, a significant amount of federal money can be earned for communities in Colorado. The <br />CWCB is pleased to assist the communities in this endeavor. <br /> <br />Flood Mitilmtion Assistance Grant Prol!ram <br />The Flood Mitigation Assistance Program has been in existence for over ten years. It's primary goal is to <br />fund site-specific projects around the country that remove "repetitive loss" properties from being <br />floodprone. The background data behind this program states that on a national level, 2% of flood insured <br />properties account for nearly 40% ofthe flood claims. <br /> <br />Unlike the PDM program, the FMA program is funded by allocating specific amounts to each state to be <br />distributed according to the state's internal needs. The amount aIlocated to each state reflects the overaIl <br />level of flood threat based on past flood insurance claims. Colorado is low on the list nationaIly in terms <br />ofaIlocated funds, but has the highest level of funding in FEMA Region VIII. The funding level for this <br />program is much lower, and funding can only be used for plans or projects that specificaIly address <br />floodprone properties. <br /> <br />e <br /> <br />For the last two years, FEMA implemented a requirement that only activities that addressed repetitive loss <br />properties were eligible for grant funds under this program. However, it was determined during that it <br />was extremely difficult for many states and the nation as a whole to expend the available funding given <br />this restriction. In Colorado, only 44 repetitive loss properties exist throughout the state, and it has been <br />very difficult to solicit interest in this grant program. Due to these reasons, FEMA eliminated the <br />repetitive loss requirement for FFY05 funds, and the funds are now available for any flood-related project <br />that meets all the secondary requirements. The application deadline for this funding cycle is July IS, <br />2005. <br /> <br />Flood Protection. Water Project Planning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation Planning <br />