ALP 6

Board eeting Minutes
Augus 16, 2012
Page 4
Town' project was rated as a Priority Category 2 and may be considered a green project-, however, that
would not impact the Town's interest rate of 0 %. The Town's engineer also estimated that the Town's
O &M costs would initially increase by approximately $10,000 annually when the new plant comes
online A rate increase of approximately $6.06 would be required to meet the Authority's coverage ratio,
but thi amount is significantly less than the estimated $20 increase when both water and sewer revenues
were &Ing pledged. The proposed loan received a favorable recommendation from the Project Finance
Comm ttee. Ms. Eyestone introduced Resolution No. 12 -41, approving a direct WPCRF loan to the Town
of Oln y Springs and execution of a Loan Agreement and other necessary documents therefor, subject to
an inci,,ase in user rates sufficient to meet the Authority's covenant prior to loan execution and the Town
must -ovide separate financial information for its wastewater fund in its annual financial statements for
the ten a of the loan. A motion was made to adopt Resolution No. 12 -41.
Motion by: Ann Nichols
2 n by: Don Carlson
Vote: Motion carried
Ms. E estone also introduced Resolution No. 12 -57, approving a GAP grant to the Town of Olney
Spring and execution of a Grant Agreement and other documents necessary therefor. A motion was
made to adopt Resolution No. 12 -57.
Motio by: Ann Nichols
2 11d by: Frank Kugel
Vote: Motion carried
Status Projects
Keith P IcLaughlin stated that two WPCRF Planning and Design Grants, in the amount of $10,000 each,
had been awarded since the August 16, 2012, Board meeting. Those grants were awarded to Larimer
County on behalf of Berthoud Estates and to the Town of Aguilar. There are two WPCRF Planning and
Design Grants remaining for 2012, one of which was just recently obligated. No new funding
applica ions were expected for the December Board meeting. Winter Park West Water and Sanitation
District had requested a cash payoff of its 2002A WPCRF loan. Mr. McLaughlin stated that the WQCD
comple ed its site visit report for the Town of Boone with the primary recommendation being that the
Town I e taken off or reduce the high nitrate water supply to decrease its O &M costs. Mr. McLaughlin
also re erred to the August 30 °i letter from the Lake County Board of Commissioners regarding the
unique ituations presented to the Board by the wastewater facilities in Lake County and Mountain V ieNv
Village specifically. The Lake County Board responded that they could and would encourage a
cooper, tive effort but did not have authority to do more. Ty Wattenberg suggested that an Authority
Board n eeting could be held in Leadville or Copper Mountain in the spring of 2013 to further persuade a
resoluti n to the issues, particularly for Mountain View Villages Water and Sanitation District.
New Bi siness
Fundin . for Watershed Protection and Forest Health Projects, Resolution No. 12 -62
Jon Mc nson and Donna Rothberger, of the City of Greeley, addressed the Board concerning the High
Park ar J Hewlett Gulch wildfires and their impact on the City's drinking water supply. Mr. Monson
reporte that the Poudre River was running black water past the City's diversion point and the City had
stopped using that source. The City had funded the Hewlett Gulch stabilization project with $210,000 of
its rese ves and was the only one of four sponsors with a Natural Resources Conservation Service
contract The High Park fire was ten times larger and the City is looking for assistance with the soil
stabiliz tion project for that area. The basic issue to be clarified is the authonized uses of the Authority
donatio to the CWCB program to which the City of Greeley is applying and whether those funds were
specific illy dedicated to the High Park fire. The City and CWCB had discussed a need for clarification
prior to awarding any of the Authority's funds. Mr. Brod discussed the MOA between the Authority and
the CW B that would be presented to the Board at this meeting and that the intent of the Board was to
donate he funds to the CWCB for use by any communities impacted by the 2012 wild fires. The