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- 2 - Discussion As of November of this year, there is one authorization for funding that is three years or more past the date of authorization and is not yet under contract. There is also one project that is not past the three-year deadline, however the project sponsors are no longer interested in moving forward with a loan from the CWCB. Staffhas evaluated each of the authorizations and discussed the status of the projects with the project sponsors and their consultants. The results of these evaluations along with the staff recommendations relative to extending project time limits are summarized in the following: a. Poudre Tech Metropolitan District - Dual Water System and Reservoir Construction - The CWCB approved a Construction Fund project loan of$2,180,000 to the District in 2002 for the construction of a dual water system for outside irrigation within the Water Valley and Hilltop subdivisions in the Town of Windsor. Due to unresolved collateral issues the District has elected not to pursue the loan. The District has not specifically requested de- authorization of this loan, however, upon further discussions with the District regarding additional loan funds (attached letter) they verbally indicated that they were no longer interested in the loan. Staff recommends that the Board consider de-authorization of this loan. b. National Oceanic and Atmospheric Administration - Revisions to the NOAA Atlas - The CWCB approved a Construction Fund project non-reimbursable investment of $100,000 to NOAA in 1997 to collaborate with the NOAA Colorado Basin River Forecast Center (CBRFC) on a project to improve spring streamflow forecast in western Colorado. This effort was part of a larger, federally-funded research project. The CWCB funding was split over two years. A purchase order was executed for the first year and the first tasks were completed. In the second year NOAA legal counsel did not accept the terms and conditions of the state purchase order and requested a contract. Several months of discussion indicated no agreement would occur on terms and conditions for a contract. NOAA CDC then elected to complete the tasks without the 2nd -year funding from the CWCB. This research project is ongoing and continues to receive federal funding. No further funding is expected from the CWCB due to the contracting difficulties. $51,602 remain in the project account that needs to be de-authorized. Staff recommends that the Board consider de-authorization of the remaining project funds. Recommendation Staff recommends the Board approve de-authorization of the loan authorization and non- reimbursable investment as described above. I \ Flood Protection. Water Project Planning and Financing. Stream and Lake Protection Water Supply Protection. Conservation Planning