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1 <br /> I2.5 Emergency Infrastructure Repair Loan Account <br /> I In 1993 through HB 93-1273, the Legislature authorized the Board to set aside$2.0 million of <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 <br /> I appropriated to the Board for immediate availability only 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 emergency situations. <br /> IThe Board approved 3 emergency loans in FY 94, 2 emergency loans in FY 95,no emergency <br /> loans in FY 96,2 emergency loans in FY 97,and 1 thus far in FY 97-98. A list of the 8 projects that <br /> I have been authorized by the Board through the Emergency Infrastructure Repair Account is shown <br /> in the table below. <br /> I The balance in the Emergency Infrastructure Repair Account was $1,532,501 on June 30, 1997. <br /> Section 12 of SB 97-008 effective May 21, 1997 directed the State Treasurer to transfer$960,000 <br /> or so much as necessary from unreserved cash in the Construction Fund to restore the balance in the <br /> Iaccount to $2,000,000. <br /> I Date Approved Contract <br /> Approved Borrower-Emergency County Amount Amount <br /> I Jul 1993 Summit Reservoir and Irrigation Company- Montezuma $60,000 $33,000 <br /> Repair a slide on the Summit Reservoir Dam and <br /> Repair a portion of the Lost Canyon Ditch <br /> I Jan 1994 Windsor Canal and Reservoir Co.- Larimer 300,000 300,000 <br /> Poudre Valley Canal Slide Repairs <br /> I Feb 1994 Town of Rangely- Rio Blanco 34,000 34,000 <br /> Raw Water Intake Structure Repairs <br /> Nov 1994 Castle Pines North Metro District- Douglas 101,500 100,500 <br /> IRehabilitate Well A-1 <br /> Nov 1995 City of Idaho Springs- Clear Creek 130,000 130,000 <br /> I Diversion Structure Repairs <br /> Nov 1996 Consolidated Extension Canal Co.- Las Animas 300,000 300,000 <br /> Siphon Rehabilitation <br /> 1 Nov 1996 Mancos Water Conservancy District- Montezuma 62,500 62,500 <br /> Feeder Ditch Slide Repair <br /> 1 Sep 1997 Julesburg Irrigation District- Logan 590,000 590,000 <br /> Diversion Structure Rehabilitation <br /> ITotals $1,578,000 $1,550,000 <br /> I <br /> CWCB FY97 Annual Report,page 9 <br /> 1 <br />