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not benefit from increased consumptive use resulting from a loaned water right be <br />changed from a water right located "downstream" to a water right located in the same <br />stream basin. The motion was approved (6-4). <br />8f. CWCB Legislative Priorities and Recommendations -Colorado Community Forest Restoration <br />Grant Program <br />Tape 4, Track 1 01:23:14 01:31:27 <br />Action: A motion was made by Eric Wilkinson and seconded by Don Schwindt to approve StafF <br />recommendation that the Board, by motion, withdraw its action of November 15, 2007 <br />regarding Item 24a. and Staff's revised recommendation there considered and adopted to <br />fund the Colorado Community Forest Restoration Grant Program via a budget <br />amendment to the FY08-09 DNR budget request. The motion was amended to include <br />"support for the concept that Forest Restoration, because of its benefits to watershed <br />health and that because of communications the Board has received in regard to the need <br />for the appropriation, seek appropriate funding through alternate means." Harris <br />Sherman and Barbara Biggs were not present for this motion. The motion was approved <br />unanimously (8-0). <br />8g. CWCB Legislative Priorities and Recommendations -Other Legislative Matters <br />Tape 4, Track 1 01:31:29 - 01:38:58 <br />Action: A motion was made by Don Schwindt and seconded by Geoff Blakeslee to show Board <br />support of SB36. Barbara Biggs was not present for this motion. The motion was <br />approved unanimously (9-0). <br />9a. Water Supply Planning and Finance Section -Estimate of Funds Available for New Projects - <br />Construction Fund <br />Action: Information item only, no action required <br />9b. Water Supply Planning and Finance Section -Estimate of Funds Available for New Projects - <br />Severance Tax Trust Fund Perpetual Base Account <br />Action: Information item only, no action required <br />10. Water Supply Planning and Finance Section -Loan Deferral Request -Bill Porter Reservoir - <br />Reservoir- Construction Project <br />Action: A motion was made by Carl Trick and seconded by Eric Wilkinson to approve Staff <br />recommendation that the Board approve the request to defer the principal portion of the <br />January 2008 annual loan payment; to continue the January 2009 annual loan payment in <br />the amount of $64,147.13; and to allow the repayment terns to extend one year providing <br />maturity of the loan in January 2025. The Promissory Note and respective amendment <br />should be completed for Loan Contract No. C150116 to reflect the revised conditions <br />herein stated and approved. This deferral is based on CWCB's finding that the Porter <br />Estate and Marla Porter have encountered significant hardship and unexpected financial <br />difficulties, and that they have been duly diligent in their efforts to comply with the <br />repayment provision of Bill Potter's loan contract with CWCB. The motion was <br />approved unanimously (10-0). <br />l la. Water Supply Planning and Finance Section -Construction Fund and Severance Tax Trust Fund <br />Perpetual Base Account -New Loans -Pagosa Area Water & Sanitation District - Dty Gulch <br />Reservoir Project Land Purchase <br />Action: A motion was made by Don Schwindt and seconded by Carl Trick to approve Staff <br />recommendation that the Board approve a loan not to exceed $11,217,060 ($11,106,000 <br />for project costs and $111,060 for the 1% Loan Service Fee) to the Pagosa Area Water & <br />Sanitation District acting by and through its Enterprise for project costs associated with <br />the land acquisition for the future Dry Gulch Reservoir site from the CWCB Construction <br />