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STATE OF COLORADO <br /> Colorado Water Conservation Board <br /> • Department of Natural Resources <br /> 1313 Sherman Street,Room 721 <br /> Denver,Colorado 80203 <br /> Phone:(303)866-3441 �` <br /> FAX:(303)866-4474 <br /> Bill Owens <br /> Governor <br /> Greg E.Walcher <br /> MEMORANDUM Executive Director <br /> Peter H.Evans <br /> CWCB Director <br /> TO: Colorado Water Conservation Board Members Dan McAuliffe <br /> Deputy Director <br /> FROM: Steve Biondo, Contract Compliance Officer.' <br /> Mike Serlet, P. E., Chief <br /> Water Supply Planning an ce Section <br /> DATE: March 3, 2000 <br /> SUBJECT: Agenda Item 4c,March 20-21,2000,Board Meeting— <br /> Water Project Construction Loan Program <br /> Loan Repayment Delinquency Report <br /> • <br /> Loan Repayments received relative to the Water Project Construction Loan Program have been <br /> reviewed for the period covering July 1999 through February 2000. The effective due date of the <br /> payment is inclusive of the Board's current 30 day late policy. Hence, the date the payment was <br /> received was compared to the last day allowable prior to the payment being considered late. <br /> Repayments due for the first eight months of the Fiscal Year 2000 totaled 112. There were three <br /> payments not received on time during this period. This includes two received between 1 and 30 <br /> days late (Handy Ditch Company and Mancos Water Conservancy District), and one received <br /> between 31 and 60 days late (Coon Creek Reservoir and Ditch Company). Thus, the on-time <br /> performance for the total repayments due was 97% in compliance or 3% not in compliance. <br /> Procedures have been recently implemented to ensure a more successful on-time performance <br /> result as depicted above. <br /> The receivables for Coon Creek Reservoir and Ditch Company and the Town of Starkville will <br /> be addressed in the May 2000 CWCB Board Meeting in an effort to resolve these issues. <br /> • <br />