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<br />. <br /> <br />9c. <br /> <br />Response to Eric Wilkinson's Proposed Interest Rate Policy Amendment <br />Tape 1: Start/Stop 5020 - 5238 <br />Action: Eric Wilkinson made a motion that the Board adopt the staff <br />recommendation that Staff address potential changes to a specific loan's <br />interest rate resulting from a change in water right use from agricultural to <br />municipal of a portion of a borrower's shares by including a standard <br />contract clause in the loan contract providing for such changes in interest <br />rates. Patricia Wells seconded the motion. It was unanimously <br />approved. (10-0) <br /> <br />10. Water Project Planning and Finance - 2001 Lending Rate Structure <br />Tape 2: Start/Stop: 1727 - 1997 <br />Action: A motion was made by Patricia Wells to accept the staff <br />recommendations for 30-year lending rates as follows: Municipal Low <br />Income - 4.5%, Municipal Middle Income - 5.5%, Municipal High Income <br />- 6.0%, Agricultural- 3.5%, and Commercialllndustrial- 6.5% for all <br />loans recommended to the General Assembly or approved by the Board <br />from November 2000 to October 2001, and to authorize staff to adjust the <br />lending rate for terms of 20 years or less in accordance with Board Policy <br />7 adopted by the Board at the January 1999 meeting. The motion was <br />seconded by Eric Kuhn and unanimously approved. (10-0) <br /> <br />. <br /> <br />11. <br /> <br />Water Project Planning and Finance - Loan Deauthorization Review <br />Tape 1: Start/Stop: 2005 - 2480 <br />Action: Mike Serlet, CWCB staff, presented information on the sixteen (16) <br />projects listed below in Agenda Items 11 a- 11 p. with authorizations for <br />funding that are three years or more past the date of authorization and <br />not yet under contract. In accordance with Board Policy No.1, the Board <br />reviews these projects and approves them for deauthorization or <br />continuation for another year. Eric Kuhn moved to accept the staff <br />recommendations on Items 11 a through 11 p. Bob Burr seconded the <br />motion and the motion was unanimously approved. (10-0) <br /> <br />11 a. Cotton Creek Water Company - Cotton Creek Rehabilitation SPL <br />Tape 2: Start/Stop: 2055 - 2068 <br />Action: Staff recommended deauthorization of this project loan at this time. <br /> <br />11b. <br /> <br />City of Craig - Elkhead Reservoir Rehabilitation <br />Tape 2: Start/Stop: <br />Action: Staff recommended deauthorization of this project loan. <br />Craig will apply for a new loan. <br /> <br />2068 - 2118 <br />The City of <br /> <br />11c. <br /> <br />CWPDA - Augmentation Program Feasibility Study <br />Tape 2: Start/Stop: <br />Action: After a brief discussion, This item was deleted. <br /> <br />2118 - 2122 <br /> <br />. <br /> <br />Minutes November 20-21,2000 <br />Page 5 <br />