18g ‎(2)‎

• Board Meeting Date: 1/28/2009
• Description: Colorado Water Resources & Power Development Authority Director's Report
• Board Meetings - Doc Type: Memo

18~
COLORADO WATER RESOURCES &
POWER DEVELOPMENT AUTHORITY

Logan Tower Bldg. - Suite 620, 1580 Logan Street, Denver, Colorado 80203-1942
303/830-1550 · Fax [phone] · [e-mail]

MEMORANDUM

January 26, 2009

TO:

Members, Colorado Water Conservation Board, and Jennifer Gimbel

FROM:

Daniel L. Law, Executive Director

RE:

Director's Report

Water Pollution Control Revolvine Fund (wpCRF)

With the passage of HJR09-] 002, the project eligibility list will have 316 projects representing a
need of $2.2 billion. Loan capacity for 2009 is estimated at $89 million.

Stimulus package update - The current funding level for the Clean Water State Revolving Fund
is $6 billion. This would result in a grant of $48 million for Colorado.

Drinkine Water Revolvine Fund (DWRF)

With the passage of HJR09-1 002, the project eligibility list will have 305 projects representing a
need of $1.3 billion. Loan capacity for 2009 is estimated at $86 million.

Stimulus package update - The current funding level for the Drinking Water State Revolving
Fund is $2 billion. This would result in a grant of $35 million for Colorado.

Small Water Resources Proiects and Water Revenue Bonds

The City of Fountain was approved for a $9,000,000 loan to purchase land for a reservoir site and to
purchase a building for the Fountain Utilities Department. The bonds were sold on January 7th. The true
interest cost for the bond issue was 5.51 percent (30 year maturity). Bonds to fund loans for North Weld
County Water District and East Larimer County Water District will be sold this summer.

Animas - La Plata Project I La Plata River Future Projects Escrow

The Animas-La Plata Project is nearing completion. The dam, pumping station and inlet conduit are
nearly complete. Pump testing and reservoir filling is expected to start in March.

The La Plata WCD ("District") has received the 404 permit for the Long Hollow Dam and Reservoir. 1n
the next few months the District will be submitting a project proposal to initiate final design and other
activities.

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