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• Board Meeting Date: 11/19/2008
• Description: Director's Report - Colorado Water Resources & Power Development Authority
• Board Meetings - Doc Type: Memo

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COLORADO-WATER RESOURCES &
POWER DEVELOPMENT AUTHORITY
Logan Tower Bldg. -Suite 620, 1580 Logan Street, Denver, Colorado 80203-1942
303/830-1550 Fax [phone] info~cwrpda.com
MEMORANDI~ 11
November 13, 2111)8
TU: Members, Colorado Water Conservation Board, and .lennifer Cimbcl
FROM: Daniel l.. Law, Executive Director
RF-: Director's Report
Water Pollution ('ontrol Revolvin Fund WPCRF
'I'o date this year, loans totaling $2U.a million have been r~rcutrd ~~ rth I own of ('nrwlev, I own of
I~ liiahrlh. I airplay Sanitation Uistricl, I.arintrr ('ounh 1.11). (rte r~ -
I I ;r, ~\nirnas. Ius~n of ~tigani;uu~la,
lmvn of Nr~~ Casllc. I'agosa Springs (ilU. Penrose Sanilatum I)i.lrr~t ;uui Irivirs~ Mrtn~pol-t;tn I)islrict.
I.uans, Totaling ~3.G ntilliun, wish the l own ol~ Mancos. ;~1orrntarn \'rrw \b 51) and the I rnvn of Sugar
('ity arc expected to close before Ihr end of the vrtr.
hr Z00~) W'I'('RF Intended l l.e flan was approved h) the \4;rtrr Oualrtx ('ontnrl ('urnnutision on
Nrwrrnhrr I11'''. ;1ti a result the new WP('[tl project rligihihty Ir~t ~, ell contain i6~1 projeclti reprrsrnting
a nerd o[ $~ billion.
.nllhough uncertain at this time. the economic stjmulus plan ~urrcntly being considered by
('urtgrrss may include $6.5 pillion lift wastewater funding n;rtirrn~sj~le. Ibis would trarnlate inter
a g5, -nillir~n cahitalii.ation grant for the N'I'Cltf.
Drinking Water Revolving Fund (UWRF)
~I'o daft this year. Icrans, totaling $?8.R million have been rxecutrd ~~rth f apt ~1larnosa WSI), -town of
Eckley. Down of Bates Park, Town of Ilutchkiss, 'T'own of him. (rte of I.as -\nintas. Io~~-n of I.a Vrta-
Pagosa ilrra WSI), "Town of Paonia and Platte Carryon 5117. Loans tur,-ling ~I million with the lawn of
Ih•I Norte and the Mown oTStratton arc expected Io close belrrre vrarend
Un .lul} I, Ihr Project 7 Water Authority executed an intrrnn Iran for ~+I11 million to make intprcrventrnts
to its water treatment plant. f1 long teen I)WIZF loan. lundecl Irom hrnuls sold on Novemhrr 13, will be
executed on November 25''' to take out the interim loam. I)ue to the uncertainty in the financial rnarkrts,
the yields were much higher (20-year bonds a1 5.05%) than our hi~ndti solr.l carlirr this year (~'0-Year
bonds at ~1.5%). .
I he 2UOr) [)W'KT Intruded l Jse Ilan was approved by the \~'alrr (lualilx Control ('omrttissiun on
November I11'" its a result Ihr new I)\N'ItF project eligibility Irtit ~~ill ~~~ntam 312 protects representing a
nerd ol~$I ' hrlhun.