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The attached letter from Peter Nichols, Executive Director of the Water Trust, details the operating guidelines, Key elements include: Recognition that the CWCB has specific statutory responsibilities for instream flow water rights and a . statement that the Trust "will not participate in any discussion of private instream flow legislation". The Trust has agreed to work closely with the CWCB to achi~ve mutual objectives under current law. The Trust recognizes the CWCB's roles to include prioritization of streams for instream flow protection, making determinations pursuant to statute, and holding the water, water rights, or interests in water for instream flow uses, The Trust's role includes developing a public relations and outreach program, developing technical materials for the CWCB determinations, preparing engineering, or technical reports, obtaining water right appraisals, and working with the CWCB to develop monitoring and enforcement plans for acquired water rights, The Trust has also agreed to work closely with the CWC~ in pursuing funding to acquire water rights for instream flow purposes. GreenCO: The contract with Green Industries of Colorado is in the process of being reviewed and approved. In the meantime, a GreenCO Best Management Practices (BMP) Advisory Groups is being formed. The first meeting of the group was held on Jan, 14 at the Denver Water Department offices, The group discussed a list ofBMP's and gaps that need to be filled, Thus far, about 115 BMPs have been identified. For more information about this process or to become a member of the Advisory Group contact Genevieve Wozniak at headwaters2{qlmindsroing.com, You may also contact Brand Lundahl in our office. A complete description of GreenCO and its project was given in the November 2001 Director's Report, Drought Planning Survey/Carryover Storage Assessment Project: Bids were due on Jan, II. A pre-bid meeting was held on Dec. 12 where we answered consultant questions. Approximately 20 participants .- attended, We hope to rank the proposals and hold oral interviews by the end of January. A vendor should be ,., selected and a contract executed for this project by mid-February, Colorado Quick Guide: A recently completed CWCB pl;!blication entitled "Floodplain Management in Colorado - Quick Guide" is being mailed to every Color~do community that participates in the National Flood Insurance Program (NFIP). The guide helps local officials and others to understand why and how communities in Colorado manage floodplains to protect people and property. It is designed in a quick- reference format and is written to be understood by those not familiar with the NFIP or the CWCB's floodplain management responsibilities. Copies are available from the Flood Protection Section and the complete document will soon be available online, Flood Mitigation Assistance Program: The Flood Proteption Section has completed Phase 1 ofthe annual grant cycle for the FEMA-funded Flood Mitigation Assistance Program. The program provides matching funds (75% / 25%) to local governments to undertake fl06d mitigation planning and projects. The average annual federal funding available is $110,000 for projects and $11,800 for planning. Last year, the CWCB received an additional $175,000 in project funds from other Region 8 states unable to utilize all oftheir annual allocation, The grant cycle began on Oct 1,2001 with applications due at the CWCB's offices by Dec. 3,2001. On Dec. 4, the applications were delivered to a three-person evalu*tion committee. The completed judging and ranking of applications, including amount of federal fund$ requested, is as follows: Proiects #1 Basalt flood-prone structure acquisition; #2 - Georgetown contiduation of channel improvement proj ect; #3 Jamestown channel improvement project. Planning - # I Rio Blanco County Flood Hazard Mitigation Plan; #2 Eagle County Flood Hazard Mitigation Plan, The review committee rankings and applications have been e submitted to FEMA for approval and funding. 6