March 11 08 South Platte Basin Roundtable Meet

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Charney: $210,000 to complete constn~ction, anything funded above that would go to water rights. Bill Ray: On behalf of the Georgetown project, this would release 100 ac ft downstream Jim Yahn: The water they would be releasing is water they should have been releasing all along; from my mind as reservoir manger, roundtable money should not be used for such a small project; personally, I would not come to the roundtable to ask for money for a project like this on our reservoirs. Shimmin: Has proponent approached the CWCB for loan? This would well fit the construction loan project of the CWCB. Jim Yahn: Move that we deny the Georgetown application. John Metli: Second Call for question: Opposed: 2; Motion passes. $203, 343 remaining. RE: Pinewood Springs: John Metli: Favor project, make motion to fund the project at $100,000 Ken Huson and John Stencil: Second Fred Walker: Would like to hear from them what they would get with the money that we might give. Pinewood: What would $100,000 do for you? $100,000 is a big help. The additional 40 ac ft of shares, this would help get us closer to that goal; this would help us complete project; we are trying to do everything the right way; we would gladly except $100,000 Jerke: $3.9 million for project; you have 300 homes; that means $13,000 per home; therefore, if you are borrowing money, why is it so difficult for residents to kick in? Pinewood: Median income: $60,000; retired people; this is not a rich bedroom conu7luiuty; the commuiuty has invested $700,000 into this project Fred Walker. If we were to contribute money, it is towards a goal; has reservations to applying money to a goal; at least with Arickaree, if the project does not go, we get money back; if we approve this, it should be contingent on completion of the project. Pinewood Rep: We have to have water; Harold Evans: Cost of water tap in Greeley: about $15,000 Amendment to motion: In material, there is an additional loan that will be considered by CWCB, staff put qualifiers on that approval, page 6 of the letter form CWCB: those three qualifiers would be qualified for our grant. John Metli accepts this amendment. Forest Whitman: Small water district gets in trouble, as a county commissioner, we have said no, you have to assess self; Shimmin: I have struggled with whether this meets criteria and guidelines; this application seems to fail all of those criteria; first round of funding, the CWBC felt that Roundtables have not paid attention to the criteria and guidelines in our 14