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B-1 APPENDIX B FINANCING OF DRAINAGE 'WORKS The financing of the drainage works included In this master plan Is a complex matter. It cannot be left to the administrator or engineer who thinks merely In terms of bond Issues and increased taxes, If It is, there will boe little in the way of drainclge improvements in Boulder, 'What is need.ed is a financing strategy. l<ith a good strategy deveioped, and capable tacticians to carry It out. the flood control and urban drain- age improvements can be undertaken, perhaps on a "pay as you go" basis, The financing strategy recommended is one sImilar to the multi use ,. multi purpose approach used in the master planning of the water ways, It is a multi purpose - multi source of funds from numerous local. state and federal funds and programs, Seed money, i3mount i ng to about 35 pe r cent of that needed. mus t come from local City and County sources, It is jeliaved that the City source should be a combination servIce charge and mill levy, The mill levy might represent that portion of the runoff problem origInating from munI- cipally owned land such as streets, sidew'llks, Darks, the library, and similar features, It might also represent the runoff contributIon of mountain basins if anal'yses indicated this to be appropriate. However, it is the wrHer's opinion that the foothills basins outside of Boulder are the primary reason for the significant financial contribution ex- pected from state and federal sources, For this reason, it would seem Imprudent to use a general mill levy for paying for that portion of the draInage problem and cost caused by the tributary basins outside of the City, The service charge is described below, separately from the other money sources because of its particular and unique applicability to the Boulder drainage problem, Servi ce Char<~ The service charge would be based upon the amount of storm runoff con- tributed by each property over and above that contributed before any development existed on the land, I t can be computed readi Iy, and can be administered without great expense, The logic employed relates the storm runoff contribution to the money collected for the urban storm runoff solution, Flood waters generated by foothills basins migh: feasibly be collected in ponds and reservoirs and the size of floods n Boulder greatly di- minished if the urban area did not reqenerate th'9 ,,,ater so fast. Runoff