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8. Colorado Foundation for Water Education - Presentation by Karla Brown - Annual Scope of Work 2006/2007 for Board Review Tape 1, Track 2 00:23:46 - 00:33:33 Action: Informational item only, no action taken. 9. Flood Protection Section - Presentation of Statewide Floodplain Criteria Manual Tape 1, Track 1 01:36:43 -01:46:46 Action: Informational item only, no action taken. lOa. Water Supply Planning and Finance Section - Financial Matters - New Loan Lending Rate Structure for FY 2007 Tape 1, Track 2 00:33 :33 - 00:43 :50 Action: A motion was made by Barbara Biggs and seconded by Don Schwindt to approve staffs recommendation that the Board adopt the schedule of 30-year lending rates based on the Board approved Financial Policy #7, as shown in Table 1 below for all loans recommended to the General Assembly or approved by the Board from July 1,2006 through June 30, 2007. Russell George was not present. Tom Sharp voted against the motion. The motion was approved (8-1). Table 1 Proposed Lending Rates for FY 2007 Type of Loan Interest Rate Commercial/Industrial 5.25% Municipal High Income 4.25% Municipal Middle Income 3.75% Municipal Low Income 3.25% Agricultural 2.50% 11a. Water Supply Planning and Finance Section - New Project Loans - Logan Irrigation District - Prewitt Reservoir Emergency Spillway Construction Tape 1, Track 2 00:43:50-01:14:59 Action: A motion was made by Eric Wilkinson and seconded by Don Schwindt to approve staffs recommendation to approve a loan not to exceed $306,419 ($303,385 for project costs and $3,034 for the 1% Loan Service Fee in accordance with CWCB Loan Policy #16), to the Logan Irrigation District from the Severance Tax Trust Fund Perpetual Base Account, to construct a new emergency spillway for Prewitt Reservoir. The terms of the loan are 20 years at 2.35% per annum. Security for the loan will be a pledge of Logan Irrigation District annual assessment levy revenues. The final approval of the loan will be conditioned upon all other standard contracting provisions of the CWCB. Further, the following conditions shall apply: 1. A special agreement among the three parties shall be executed that addresses specific loan responsibilities of the parties, and recognizes CWCB as a 3rd party beneficiary. 2. The authority to assume the proposed indebtedness, shall be approved by the LID electors in accordance with the applicable provisions of the Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection Water Supply Protection. Conservation and Drought Planning 4