PROJ01936 ‎(2)‎

• Contract/PO #: C150022
• Contractor Name: Riverside Reservoir and Land Company
• Contract Type: Loan
• Water District: 0
• Bill Number: HB 98-1189
• Loan Projects - Doc Type: Approval Letter

ST A TE OF COLORADO

Colorado Water Conservation Board

Department of Natural Resources
1313 Sherman Street, Room 721
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]
www.cwcb.state.co.us

Bill Owens
Governor

MEMORANDUM

Russell George
Executive Director

TO:

Colorado Water Conservation Board Members

Mike Serlet, P.E.~U-.
Chief, Water Supply ~~g and Finance Section

Rod Kuharich
CWCB Director

FROM:

Dan McAuliffe
Deputy Director

DATE:

November 5, 2004

SUBJECT:

Agenda Item 12a-e - November 16-17, 2004 Board Meeting
Water Supply Planning and Finance - Loan De-authorization Review

I
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,

Introduction

In September 1999, the Board adopted Board Policy #1, Construction Fund and Severance Tax
Trust Fund Perpetual Base Account Project Time Limits, which policy provides the following
direction:

The Colorado Water Conservation Board (CWCB) shall review the status of all Construction
Fund and Severance Tax Trust Fund Perpetual Base Account loan projects that do not have a
fully executed CWCB funding contract within three years of the project's legislative
authorization. These projects may be recommended for inclusion in the list of Project Loan
De-Authorizations in the next annual Construction Fund Bill unless the Board specifically
approves a time extension.

The Policy further outlines the basis for staff recommendations:
1. If the Project Sponsors have not shown diligence toward execution of a funding contract
within three years of their authorizing legislation, the staff will recommend to the Board
that the project be included in the Project Loan De-Authorization recommendation to the
Legislature.

2. If the Project Sponsors have progressed towards execution of a project funding contract,
but the progress has been delayed due to extenuating circumstances, the staff may

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