BOARD00485

• Board Meeting Date: 5/21/2001
• Description: Legislative Wrap-Up
• Board Meetings - Doc Type: Memo

Frenchman Creek Feasibility Study: $25,000

The City of Holyoke and Phillips County experienced flooding in 1997 when Frenchman Creek and
its tributaries overflowed. Funding will help pay for ~ flood mitigation planning and engineering
study to utilize recommendations provided by the Army Corps of Engineers so project design and
implementation can take place. The City of Holyoke IInd Phillips County are providing cash and/or
in-kind services.

Dry Creek Mitigation Feasibility Study: $50,000

Larimer County, in cooperation with the City of Fort :Collins, has been working on a flood control
plan for Dry Creek. The plan would reduce flood risks, address stonn drainage problems, and address
irrigation system issues. Implementation ofthe plan ~quires a capital investment of approximately
$5.3 million, with an expected request for a loan n the amount of$3.9 million. A feasibility study
needs to be produced before a loan can be considered.

Arkansas River Well Measurement Program: $50;000

Funding would help complete the second phase of a cooperative study of the power conversion
coefficient (PCC) method to measure groundwater-p1)mping volumes, This infonnation will be
valuable in the Kansas litigation and will also have other benefits because the PCC method is used to
detennine groundwater pumping volumes throughou( the U.S. The funds will be provided to the
State Engineer as needed for non. federal cost-sharing with the USGS.

Emergency Infrastructure Repair Loan Account: ~1.6 milllon

Twelve projects totaling more than $4 million have been financed through this account. The account
has proven to be an effective tool to respond to water supply related emergencies over the last seven
years. $1,6 million needs to be transferred from the Construction Fund's unreserved cash to bring the
balance in the account back to $2 million.

Foreclosure Account: $100,000

The Board has a policy regarding delinquent loan collection. The Board's final course of action is to
refer the bad debt to the Attorney General's Office tei take appropriate legal action (including
foreclosure). A special fund within the Construction Fund would be established to provide the
financial resources and spending authority to cover tile costs associated with foreclosure proceedings.

Colorado River Recovery Program Loan Accoun~: $5 million

The account was established to make loans to power :Users of the federal Colorado River Storage
Project so help finance their participation in the recovery of four endangered fish species. The
balance in the aecount is currently $12 million. The eWCS's goal, when the account was created,
was to have $17 million available for loans. This funding would be the final installment.

For more infonnation about this or other water resoUj'ce topics you can contact the CWCB at:
1313 Shennan Street, Room/nl, Denver, CO, 80203
Phone: [phone]. F,AX: [phone].
htternet: www.cwcb.state.co.us.
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