PROJ01951 ‎(3)‎

• Contract/PO #: C150131
• Contractor Name: Paonia, Town of
• Contract Type: Loan
• Water District: 0
• Loan Projects - Doc Type: Approval Letter

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ST A TE OF COLORADO

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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

Greg E. Walcher
Executive Director

MEMORANDUM

Rod Kuharich
CWCB Director

TO:

Colorado Water Conservation Board Members

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

Dan McAuliffe
Deputy Director

FROM:

DATE:

November 12, 2003

SUBJECT:

Agenda Item #7a-c - November 19-21, 2003 Board Meeting I
Water Supply Planning and Finance - Small Project Loan ~)e-authorization
Review

Introduction

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

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The Colorado Water Conservation Board (CWCB) shall review the status ot'all Construction
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Fund and Severance Tax Trust Fund Perpetual Base Account loan projects d?at 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 B~ard specifically
approves a time extension. I
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The Policy further outlines the basis for staff recommendations: :
1. If the Project Sponsors have not shown diligence toward execution of a lfunding contract
within three years of their authorizing legislation, the staff will recommend to the Board
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that the project be included in the Project Loan De-Authorization recominendation to the
Legislature. '

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