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SECTIO~ VIII CAPITAL J:vIPROVE:vIENTS rlA~ A. Bud~et The City of Cripple Creek will be funding improvement~ to its existing storm drainage system by u~e of revenue transfers from its General Fund to its Capital Improvement~ Fund. In November of 1990, with the approval of limited stakes gaming, the citizens of Cripple Creek began to actively asse~~ the condition of their existing infrastructure and what improvements would be necessary to meet minimum ~tandards. To fund these improvement~, the city established an annual fee on gaming devices which is presently $1,200 per device. In addition, the city has been receiving various other gaming industry related revenues. Gaming revcnues and device fees arc entered into the city's General Fund and then transferred to the various city departments for required capital improvements. , I , I I For fiscal year 1992, the City of Cripple Creek has budgeted $300,000 for drainage system improvements. Of that fee, a portion has been used for preparation of this master plan. The remaining funds will be used for design and construction of that portion of the priority nQ. 1 drainage improvements which can be completed this year. Itis anticipated that funds available will be adequate to cons tructtheSecond Stn:et tributary outfall from Warren Avenue tn Bennett Avenue and construet the majority of storm sewer improvements on Bennet! Avcnue within tl1e Second Street tributary. Upon completion of the first project in 1992, approximately 1.9 million dollars in recommended improvements will remain. It is recommended that the city hudget between S400.000 and $500,000 over a four'year period beginning in 1993, such that all drainage system improvements can be completed by L\I\lb. VIII.! B. Flood Plain Desi~nations and Revisions As previously indicated, the U.S. Department of Agriculture Soil Conservation Service is presently preparing a Flood Plain Managemem Study for the City of Cripple Creek. This study will indude mapping indicating the limits of the various flood plains within the city's corporate limits. This mapping will account for all drainage facility improvements made during the 1992 con,truction season but will not account for any other improvements recommended by this report. In addition, SCS has agreed to map the flood plains based on all improvements recommended by this report. Mapping associated with future improvements will be provided only for comparison of what impacts the recommended improvements will have on the limits of the flood plain. The flood plain mapping associated with recommended improvements will not be available for public use. Once eompleted, the Flood Plain Management Study and associated flood plain information will he provided to the Federal Emergency Management Agency (FEMA) for puhlication of a new Flood Insurance Ratc Map (FIRM). Once FEMA has accepted thc Flood Plain Management Study prepared by SCS and published their flood insurance mapping, changing the information containe dtbereinrequires a Letter of Map Revi5ion (LOMR). A community must reque,t a conditional flood plain revision hefore permitting any encroachment into a regulatory floodway. A map revision is required whenever actions increase or decrease the base flood clevations published by FEMA. A community's base flood elevations may increase or decrease resulting from physical changes affecting flood eonditiolls, therefore "as soon as practical but not later than six months after the dale such data hecomes available, a community shall notify the Administrator of the change, by submitting technical or scientific data in accordance with this part." The map revision process clearly places responsibility on communities for submitting technical data necessary lomaintaintheaccura~"yotthefloodinsurancestudyiflocalactionschangellooding VIlI-2