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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2. If the Project Sponsors have progressed towards execution of a project fimding contract,
but the progress has been delayed due to extenuating circumstance~, the staff may
recommend that the Board extend the project time limit for one year! The staff will
continue to review the project on an annual basis until a CWCB funding, contract is fully
executed or the Board)Y1.s ~c~ended de-authorization to the Legislat~lfe.
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Since these proj~ :re all Small Project Loans, that is less than $5,009,000, and were
authorized by the Board, the Board also has the authority to de:-authorize them. :,

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Discussion

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c. Greelev and Loveland Irrigation Company - Boyd Lake Outlet Rehabilitation - The
CWCB approved a Construction Fund project loan of $1,000,000 to the qompany in 2003 .
for the rehabilitation of the Boyd Lake low-level outlet works. The CompatlYhas decided to
reconsider the scheduling of this project relative to their other capital impro~ement priorities
and has requested de-authorization of this loan (attached letter). Staffreco'mmends that the
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Board consider de-authorization of this loan. '

Recommendation

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Staff recommends the Board approve de-authorization of the loan authorizati<ms, as
described above, and as shown in the attached spreadsheet. I

Flood Protection. Water Project Planning and Financing. Stream and Lake Protection
Water Supply Protection. Conservation Planning