09g‎(2)‎

• Board Meeting Date: 3/18/2008
• Description: Colorado Water Resources & Power Development Authority Director's Report
• Board Meetings - Doc Type: Memo

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COLOI~ADO WATER RESOURCES &
POWER DEVELOPMENT AUTHORITY
Logan Tower Bldg. -Suite 620, 1580 Logan Street, Denver, Colorado 80203-1942
303/830-1550 Fax [phone] • infoCcwrpda.com
MEMORANDUM
March 18, 2008
TO:
FROM:
Members, Colorado Water Conservation Board, and Jennifer Gimbel
Daniel L. Law, Executive Director
RE: Director's Report
Water Pollution Control Revolving Fund
For 2008, the following projects are expect~~d to .receive funding from the Authority: Sheridan PID,
Pagosa Springs LID, City of Las Animas, Tovvn of Crowley, Triview Metro District, Town of Manzanola,
Fairplay Sanitation District, Larimer County LID, Penrose Sanitation District, Mountain View Villages
WSD, Town of Elizabeth and Town of New Castle. Other loans expected in the fall include the Cities of
Brush and Fruita and the Town of Carbondale.
The WPCIZF loan capacity is estimated at $64 million for 2008, and it is expected that $50 to $60 million
of this capacity will be utilized.
Drinking Water Revolving Fund
For 2008, the following projects are expected to receive funding from the Authority: East Alamosa
WSD, Town of Hotchkiss, Town of Eckley, City of Las Animas, Town of Kim, Town of La Veta, City of
Craig, Town of Arriba, Platte Canyon SID, Pagosa Area WSD and the Town of Estes Park. Project 7
Water Authority is expected for fall funding.
The 2008 DWRF loan capacity is estimated at $87 million, and it is anticipated that $20 to $30 million of
this capacity will be utilized.
Small Water Resources Proiects and Water Revenue Bonds
In 2007 no loans were executed under these pr~~grams. No applications are pending.
For 2008 t1~e Board has budgeted $] million for cost of issuance subsidies in connection with these two
programs. Priority for this subsidy will be given to wastewater projects not receiving WPCRF funding, if
any.
Animas - La Plata Proiiect / La Plata River 1.?uture Proiects Escrow
Funding for the Animas-La Plata Project in 2008 is $60.8 million. Over the last two years, the sponsors
have been working on an intergovernmental agreement to create anon-profit organization to take over the
operation of the project. The agreement will be; submitted to the various governing boards in the next few
weeks for review and approval.