BOARD00025 ‎(2)‎

• Board Meeting Date: 9/19/2006
• Description: Draft Summary Minutes and Record of Decisions July 25-26, 2006
• Board Meetings - Doc Type: Memo

.

the present lending rate of 2.50%. The Company's amended totalloan amount
will be $86,050 ($83,750 for the total project costs and $2,300 for the 1 % loan
origination fee). Security for the loan will be collateral in compliance with
CWCB Financial Policy No.5. The final approval of the loan is conditioned
upon the following: 1) Company's Funding Agreement shall include a "step-up"
provision. 2) All standard contracting provisions of the CWCB Loan Program
including a revised Debt Service Reserve Fund Provision that requires two
annual loan payments, one payment set aside at the time of contract execution
and one third of an annual payment set aside at the time of each of the first three
annual loan payments. Harold Miskel was not present for the vote. The motion
was approved unanimously (9-0).

10. Water Supply Protection Section - Consumptive Uses and Losses and High-Altitude
Coefficients
Tape 2, Track 2 01:47:33 - 02:13:55
Action: A motion was made by Torn Sharp and seconded by Keith Catlin to table this
agenda item to the next Board meeting. The motion was approved wtanimously
(10-0).

11. Office of Water Conservation and Drought Planning Section - Summary of Water
Conservation Grants Awarded in Fiscal Year 2005-2006
Tape 2, Track 2 00:00:00 - 00:00:00
Action: This agenda item was removed from the agenda.

.

12. Stream and Lake Protection Section - Injury with Mitigation - Case Nos. 5-04CW238;
Application ofS.G. Company
Tape 2, Track 2 02:14:06 - 02:53:06
Action: A motion was made by Barbara Biggs and seconded by Russell George to
approve staff's recommendation that as part ofa two-step injury with mitigation
process, the Board make the preliminary determination that the natural
environment of the Blue River could be preserved to a reasonable degree under
the proposed injury with mitigation if S.G. Company provides the proposed
mitigation. The Board also encouraged staff to work with the Water Trust and
other interested parties, such as Trout Unlimited, on the proposal. The motion
was approved unanimously (10-0).

.

13. Stream and Lake Protection Section - Case Nos. 5-98CW205, 98CW270, and-
03CW078 (Upper Eagle Regional Water Authority)
Tape 2, Track 3 00:00:00 - 00:01 :42
Action: Staff recommended that the Board discuss litigation strategy for these three cases
in Executive Session and authorize the Attorney General's Office, in consultation
with CWCB staff: 1) To file petitions to invoke retained jurisdiction in Case Nos.
98CW205 and 98CW270, and 2) If the CWCB's motion for new trial in Case No.
03CW78 is denied, to file (a) a petition to invoke retained jurisdiction in Case
No. 03CW78, and (b) a notice of appeal of the initial action in Case No. 03CW78
with the Supreme Court. Staff further recommended that the Board authorize the
CWCB Director to approve the filing of the notice of appeal, as he determines
settlement negotiations or other unfolding circumstances may dictate, if the time
period for filing a notice of appeal expires before the September Board meeting.

Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection
Water Supply Protection. Conservation and Drought Planning
5