ConsentAgenda2b

• Board Meeting Date: 5/20/2008
• Description: CF Section - Consent Agenda - Supply Irrigating Ditch Company - Knouth Reservoir Rehabilitation De-authorization
• Board Meetings - Doc Type: Memo

STATE OF COLORADO
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 Ritter, Jr.
Governor
TO: Colorado Water Conservation Board Members
Harris D. Sherman
DNR Executive Director
FROM: Anna Mauss, PE
Jennifer L. Gimbel
Mike Serlet, PE, Chief
CWCB Director
Water Supply Planning and Finance Section
Dan McAuliffe
CWCB Deputy Director
DATE: May 13, 2008
Consent Agenda Item 2b, May 19-20, 2008 Board Meeting
SUBJECT:
Water Supply Planning and Finance Section – Consent Agenda
Supply Irrigating Ditch Company – Knouth Reservoir Rehabilitation
De-authorization
Introduction
At the March 2008 Board Meeting the Board approved the de-authorization of a loan to the Supply
Irrigating Ditch Company (Compa ny) in the amount of $1,700,000 fo r the rehabilitation of the
Knouth Reservoir project. That de-authorization was mistakenly id entified for a non-e xisting loan.
Therefore, the Board must act to de-authorize the proper loan.
In 2001 the Company applied for a $1,700,000 loan, whic h was given an internal contract number,
but was never authorized by the Board. In 2003, the Company re-applied for $1,000,000 loan,
which was authorized but no contracts were signed. When researching the loan to the Company, the
2001 contract number appeared instead of the 2003 contract number. Thus, Staff requested the Board
approve de-authorization of th e 2001 loan in the amount of $ 1,700,000 instead of the 2003 loan in
the amount of $1,000,000. This de-authorization needs to be amended to instead identify the loan
approved for $1,000,000.
Staff Recommendation
Staff recommends amending the de-authorization of the Constr uction Fund loan to the Supply
Irrigating Ditch Company (approved March 19, 2008, Agenda Item 19) for $1,700,000 by correctly
identifying the de-authorization to apply to the loan approved March 26, 2003, Agenda Item 24e, in
the amount of $1,000,000.
Water Supply Protection • Watershed Protection & Flood Mitigatio n • Stream & Lake Protection • Water Supply Planning & Finance
Water Conservation & Drought Planning • In trastate Water Management & Development