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Greetings Community Members!
As we wrap up the final paperwork for 2023, we wanted to give you a status report on payments issued from the Gross Reservoir Community Impact Mitigation Fund.
At the end of December, we had processed approximately 65% of all eligible payments and paid out a total of $2.83 million of the allotted $4 million. All claims submitted in 2023 have been processed and we are currently paying new claims received in 2024.
Two important reminders:
- If you received a payment in 2023, you will receive a 1099-G from Boulder County by the end of this month (January) to use to file your 2023 taxes.
- 1099-Gs will be sent to the address provided on the Award Claim Form submitted to Boulder County.
- All claims must be requested by the deadline of April 30, 2024.
Letters were mailed this week to the 142 households that have not filed a claim reminding those households to file for their award payment by April 30. If you know of anyone who has not yet claimed their award, please ask them to reach out to me so that we can ensure they don't miss the deadline.
As always, please contact me if you have any questions or concerns about the status of your payment or the process for filing an award claim.
With kind regards,
Barb Halpin
Gross Reservoir Community Impact Mitigation Fund Coordinator
Email: grossreservoir@bouldercounty.gov | Tele: 720-564-2830
Update:
Approximately 70% of the approved $4 million in payments for Phase 1 of the Gross Reservoir Community Impact Mitigation Fund distribution has been paid to nearly 65% of all eligible households. We are still awaiting about 35% of award claims to be filed.
Please remind your neighbors to contact us if they have any questions about how to file an award claim and receive payment.
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Nearly two-thirds of all eligible households have filed a claim.
As of December 31, 2023, Boulder County received 263 claims (or 65%) from eligible households. 142 claims (or 35%) remain unsubmitted.
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More than two-thirds of the total allotment has been claimed.
Of the $4 million set aside for Phase 1 payments, a total of $2,830,295 (or 71%) has been paid to households that have submitted claims.
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1099s and Tax Year Questions
Payments issued in 2023 will be reflected on a 1099-G mailed out in January 2024.
- 1099-Gs for payments issued in 2023 will be mailed out beginning the week of January 22 to addresses provided on W-9 forms submitted in 2023.
- Remember, all claims must be requested by the deadline of April 30, 2024.
Many commonly asked questions can be addressed on our website:
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