BOARD00053 ‎(2)‎

• Board Meeting Date: 11/13/2006
• Description: Draft Summary Minutes and Record of Decisions - September 19-20, 2006
• Board Meetings - Doc Type: Memo

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Company's amended total loan amount will be $505,000 ($500,000 for the total
project costs and $5,000 for the 1 % loan origination fee). Security for the loan will
be a pledge of Logan Irrigation District annual assessment levy revenues, in
compliance with CWCB Financial Policy No.5. As per the original loan
authorization, Staff further recommends that final approval of the loan be
conditioned upon the following: 1) a special agreement among the three parties shall
be executed that addresses specific loan responsibilities ofthe parties; and
recognizes CWCB as a Third-Party Beneficiary; and 2) the authority to assume the
proposed indebtedness shall be approved by the Logan Irrigation District electors in
accordance with the applicable provisions of the Irrigation District Law of 1905,
C.R.S. 37 -41-113(4) and c.R.S. 37-41-117, or as amended, at the time of contract
execution. The motion was approved unanimously (9-0).

7. Water Supply Planning and Finance Section - Report from Finance Sub-Committee
Meeting
Tape 1, Track 1 00:32:47 - 00:34:44
Action: Informational only, no action taken.

8. Stream and Lake Protection Section - Contested Instream Flow (ISF) Appropriation
Hearing - Elkhead and Armstrong Creeks
Tape 1, Track 2 00:00:00 - 01 :35 :30
Action: A motion was made by Russell George and seconded by Don Schwindt to ratify
and reaffirm the previous decision made in January 2006 ofthe CWCB's intent
to appropriate the previously stipulated reaches of the Armstrong and Elkhead
Creeks in Water Division 6. The motion was approved unanimously (9-0).

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Tape 1, Track 2 01:35:30-01:36:37
Action: A motion was made by Carl Trick and seconded by Harold Miske1 to make the
final determinations on the above-mentioned Armstrong and Elkhead Creek
stream reaches in Water Division 6, which were previously approved by the
Board, when it declared its intent to appropriate in January 2006, and reaffirmed
in September 2006, to find that: 1) there is a natural environment that can be
preserved to a reasonable degree by the CWCB's water right, if granted by the
Water Court; 2) the natural environment will be preserved to a reasonable degree
by the water available for the appropriation to be made; and 3) that such
environment can exist without material injury to water rights. The motion was
approved unanimously (9-0).

Tape 1, Track 3 00:00:00 - 00:08:32
Action: Informational only, no action taken.

9. Flood Protection Section - South Platte River Right-of-Way - Special Use Agreements
Tape 1, Track 3 00:08:32 - 00:25:20
Action: A motion was made by Tom Sharp and seconded by Carl Trick to approve Staffs
recommendation that the Board approve the concept of application forms and letter
permits for special events and for emergency operations within the CWCB's right-
of-way along the South Platte River, and authorize Staff to grant temporary
permits for those uses of the Project lands on a case-by-case basis, subject to the

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