Franktown Parker Fpa-1 is a locally owned dam in Elizabeth, Colorado, designed by the USDA NRCS and completed in 1963. This earth dam stands at a height of 27 feet, with a hydraulic height of 26 feet and a structural height of 32 feet. Its primary purpose is flood risk reduction, serving to protect the surrounding area from potential water-related disasters. The dam has a low hazard potential and is currently in fair condition, as assessed in April 2019.

Located on Antelope Creek-TR, Franktown Parker Fpa-1 has a storage capacity of 45 acre-feet, with a normal storage level of 25 acre-feet. Despite its modest size, the dam plays a crucial role in managing water flow and reducing flood risks in the region. With a maximum discharge capacity of 1473 cubic feet per second, this dam is a key component of the local water resource infrastructure, ensuring the safety and well-being of nearby communities.

Managed by the Natural Resources Conservation Service, Franktown Parker Fpa-1 undergoes regular inspections, with the last assessment conducted in April 2019. While the dam's risk assessment is rated as high (2), its current condition is deemed satisfactory for its intended purpose. As climate change continues to impact water resources and weather patterns, the maintenance and upkeep of structures like Franktown Parker Fpa-1 are essential in safeguarding against potential flood events and ensuring the resilience of water systems in Colorado.