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I <br /> 2.7 Emergency Infrastructure Repair Account II <br /> In 1993 through HB 93-1273,the Legislature authorized the Board to set aside $2.0 million of I <br /> Construction Fund money in an account reserved for emergency repair of water resources <br /> infrastructure systems to avoid potential economic losses. The money in the account is continuously I <br /> appropriated to the Board for immediate availability primarily for emergency repair of water storage <br /> systems or water distribution systems. The account is intended to provide flexibility for the Board <br /> to make funds available in a timely manner in situations similar to the emergency that developed at I <br /> Sanchez Reservoir in 1992. <br /> The Board approved 3 emergency loans in FY 94, 2 emergency loans in FY 95, and no <br /> I <br /> emergency loans in FY 96. The balance in the Emergency Infrastructure Repair Account was <br /> $1,532,501 on June 30, 1996. <br /> Two additional emergency loans were approved by the Board at their November 1996 meeting. I <br /> Considering all projects authorized by the board, as of January 1, 1997, there was $1,040,000 <br /> available in the account. <br /> I <br /> The following projects have been authorized by the Board through the Emergency Infrastructure <br /> Repair Account. I <br /> Date Approved Contract I <br /> Approved Borrower-Emergency County Amount Amount <br /> Jul 1993 Summit Reservoir and Irrigation Company- Montezuma $ 60,000 $33,000 <br /> 1 <br /> Repair a slide on the Summit Reservoir Dam and <br /> Repair a portion of the Lost Canyon Ditch <br /> Jan 1994 Windsor Canal and Reservoir Co.- Larimer 300,000 300,000 I <br /> Poudre Valley Canal Slide Repairs <br /> Feb 1994 Town of Rangely- Rio Blanco 34,000 34,000 I <br /> Raw Water Intake Structure Repairs <br /> Nov 1994 Castle Pines North Metro District- Douglas 101,500 100,500 <br /> I <br /> Rehabilitate Well A-1 <br /> Nov 1995 City of Idaho Springs- Clear Creek 130,000 130,000 <br /> Diversion Structure Repairs <br /> Nov 1996 Consolidated Extension Canal Co.- Las Animas 300,000 300,000 <br /> I <br /> Siphon Rehabilitation <br /> Nov 1996 Mancos Water Conservancy District- Montezuma 62,500 62,500 <br /> Feeder Ditch Slide Repair I <br /> Totals $988,000 $960,000 <br /> 1 <br /> CWCB FY96 Annual Report,page 10 <br /> 111 <br />