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STATE OF COLORADO <br />fi � <br />�w . <br />� <br />� <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />I 313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />Fax:(?03)866-4474 <br />w ww.cwcb.state.co. us <br />TO: Colorado Water Conservation Board Members <br />FROM: Anna Mauss, P.E. <br />Tim Feehan, P.E., Chief <br />Finance Section <br />DATE: November 5, 2010 <br />Bili Ritter, Jr. <br />Govemor <br />Mike King <br />DNR Executive Director <br />Jennifer L. Gimbel <br />CWCB Director <br />SUBJECT: Consent Agenda Item 2b, November 15-17, 2010 Board Meeting <br />Finance Section — Loan De-Authorization <br />Town of DeBeque — Irrigation Improvement Project <br />Recommendation <br />Staff recommends the Board approve the de-authorization of the CWCB loan to the Town of <br />DeBeque, acting by and through its Irrigation System Enterprise, for the Irrigation System <br />Improvements Project approved at the January 2007 Board meeting. <br />Background <br />The CWCB approved a Severance Tax Trust Fund Perpetual Base Account loan of $252,500 in <br />January 2007 for the Irrigation System Improvements Project. The Town of DeBeque (Town) <br />completed the project using internal funds and did not require CWCB financial assistance. <br />The Town requested de-authorization of the CWCB loan (letter to be distributed to Board at the <br />November 2010 meeting). <br />Since this project is a Small Project Loan (less than $10 million) and it does not require legisiative <br />approval, the Board also has the authority to de-authorize the loan. <br />Intervtate & FeJeral • Waterchrd & Flood Prntectiun • titream & I.ake Protechon • Finance <br />�Yater Informatlon • V1'oter ('onservalion & Drouqht Planning • W ater tiupply Pls�nninq <br />