Franktown Parker Fplg-2, also known as Lake Gulch-2, is a flood risk reduction dam located in Franktown, Colorado. Built in 1962 by the USDA NRCS, this earth dam stands at a height of 33 feet and has a hydraulic height of 35 feet. With a storage capacity of 735 acre-feet and a surface area of 43 acres, it serves to protect the surrounding area from potential flooding events. The dam is regulated by the Colorado Department of Water Resources and undergoes regular inspections to ensure its structural integrity.

Despite its low hazard potential and fair condition assessment, the Franktown Parker Fplg-2 dam is categorized as having a high risk level (2). This designation underscores the importance of continued monitoring and risk management measures to prevent any potential safety concerns. Located on the Upper Lake Gulch river, the dam plays a crucial role in mitigating flood risks for the community of Franktown and the surrounding areas. With its primary purpose being flood risk reduction, this dam stands as a testament to the collaborative efforts between local government agencies and the USDA NRCS in safeguarding water resources and enhancing climate resilience in the region.