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<br />. <br /> <br />The lending rate for Construction Fund loans is now based on the type of loan <br />(agricultural, commercial or municipal) and on median household income for municipal <br />loans. From our first telephone conversation on this matter in September, it is my <br />understanding that storage in Stagecoach Reservoir is allocated as follows: <br /> <br />Agricultural <br /> <br />4,000 ac-ft <br /> <br />Municipal and Industrial <br /> <br />2,000 ac-ft <br /> <br />Power Generation <br /> <br />9,000 ac-ft <br /> <br />Recreation <br /> <br />15,000 ac-ft <br /> <br />Permanent Pool <br /> <br />3,000 ac-ft <br /> <br />The lending rate may be based on this allocation or on an analysis of each entity which <br />contracts for water from the project. <br /> <br />An additional consideration is the requirements of the TABOR amendment as they may <br />apply to the District and to a loan contract between the District and the CWCB. <br /> <br />As soon as I have completed a draft of the memo to the Board, I will send it to you for <br />your review and comment. Thank you for your assistance, I look forward to working <br />with you on this. <br /> <br />Sincerely, <br /> <br />/S~~ <br /> <br />William E. Green, P.E. <br />Manager of Planning <br />Project Planning and Construction Section <br /> <br />cc: Section B Staff <br />Linda Bassi, AGO <br /> <br />l:\secb\uywcd l.doc <br />