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. . . .. Tape 1, Track ~ 03 :03 :09 - 03: 13 :40 Action: A motion was made by Eric Wilkinson and seconded by Barbara Biggs to approve a loan not to exceed $2,388,650 ($2,365,000 for project costs and $23,650 for the 1% Loan Service Fee in accordance with CWCB Loan Policy #16), to the Platte Valley Irrigation Company from the Severance Tax Trust Fund Perpetual Base Account, to construct an equalizer reservoir, the Platte Valley Reservoir No.1, and to add additional measurement and control structures on their main ditch, and to cover land expenses already incurred. The terms of the loan are 20 years at 2.25% per annum. Security for the loan will be a pledge of assessment revenues backed by a rate covenant, and the project itself. Final approval of the loan is conditioned upon all other standard contracting provisions of the CWCB, as well as the following: Reserve Fund - Prior to execution of the State Contract, the Company shall provide CWCB with evidence that the debt reserve fund with $148,149 has been established. The motion was approved unanimously (9-0). lOf. Water Supply Planning and Finance - Construction Fund and Severance Tax. Trust Fund Perpetual Base Account New Loans - Headgate 396 Lateral Corp., LLC - 396 Lateral Pipeline Project Tape 1, Track 2 02:33:36 - 02:42:44 Action: A motion was made by Carl Trick and seconded by Travis Smith to approve an initial loan, not to exceed $232,300 ($230,000 for project costs and $2,300 for the I % Loan Service Fee) for engineering and construction costs, to the Headgate 396 Lateral Corporation from the Severance Tax Trust Fund Perpetual Base Account, for the 396 Lateral Piping Project; and a post-construction loan not to exceed $136,300 ($134,000 for project costs and $2,300 for the 1 % Loan Service Fee) to the Corporation with terms based on the current agricultural rate of 30 years at 2.50% per annum. Security for the loan will be collateral in compliance with CWCB Financial Policy No.5. The approval of the initial loan shall be conditioned upon the following: 1) Executed USDA Conservation Program Contract. 2) Corporations's Funding Agreement shall include a "step-up" provision. 3) 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 first draw of funds and one third of an annual payment set aside at the time of the first three annual loan payments). The motion was approved unanimously (9-0). 11. Water Supply Planning and Finance Section - En-bloc Non-Reimbursable Investments Recommendations a. CWCB Stream Gage Fund b. Division of Water resources - Satellite Monitoring Fund c. CWCB - Arkansas River Basin - Groundwater Bibliography d. CWCB - Upper Arkansas River Basin - Decision Support System Feasibility Study e. CWCB - CDSS Modeling Support f. CWCB - USGS Snowmelt Timing Study g. CWCB - Colorado Floodplain Map Modernization h. CWCB - Flood Response Program Revised and Refreshed 1. CWCB - Flood Decision Support System Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection Water Supply Protection. Conservation and Drought Planning 9