WSPC01371

• File Number: 8200.300.20 C
• Description: Colorado River Basin - Legislation-Law - Federal - Colorado River Floodway Protection Act
• State: CO
• Basin: Colorado Mainstem
• Water Division: 5
• Date: 8/30/1989
• Title: Report of Colorado River Floodway Task Force
• Water Supply Pro - Doc Type: Report/Study

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00225'~

1.
2.
3.

Grants
Insurance
Other forms of reimbursement,
indirect compensation received in
tax deductions or credits.

including
the form of

b. Loss of land habitability and/or productivity
that resulted in permanent or long-term
displacement of residents, loss of use and/or
property value, or ownership forfeiture, and
relocation expenses are to be considered a
property loss.

2. Net Business Losses in Excess of $lO,OOO

a. prolonged loss of revenue and income must relate
solely to the 1983 high river flows and have
resulted in a net business loss or failure
exceeding $lO,OOO.

b. The business for which compensation is sought
must have represented at least 50 percent of
the owner's earned income (gross income minus
business expenses) in the two years prior to
1983, or 50 percent of projected earned income,
in the case of a new business.

c. Business losses are eligible to the extent not
previously compensated by
1. Grants
2. Insurance
3. Other forms of reimbursement, including
indirect compensation received in the form
of tax deductions or credits.

B. "Not Reasonably Foreseen" Criteria

1. property and/or business located outside of the
Colorado River Levee System, or above the levee
design flood elevation in cases where the levee is
not continuous, that were affected directly by high
river flows and associated backwaters.

2. property and/or business located outside of the
Colorado River Levee System, or above the levee
design flood elevation in cases where the levee is
not continuous, that were affected indirectly by
sustained abnormally high ground water levels caused
by high river flows.

VII-5