Memorandum Agenda Item 10c 01/27,28, 1999

• Board Meeting Date: 1/27/1999
• Description: Board Meeting Water Project Construction Loan Program - Revisions to the Guidelines for Interest Rate Setting
• Board Meetings - Doc Type: Memo

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STATE OF COLORADO
Colorado Water Conservation Board
Department of Natural Resources •
• ����'
721 Centennial Building -
1313 Sherman Street
Denver,Colorado 80203
Phone: [phone]
FAX: [phone] Bill Owens
Governor
Greg E.Watcher
Executive Director,DNR
Peter H.Evans
Acting Director,CWCB
MEMORANDUM
TO: Colorado Water Conservation Board Members
FROM: William P. Stanton, P.E., Chief, Project Planning and Construction Section 1
DATE: January 15, 1999
SUBJECT: Agenda Item 10c,.January 27-28, 1999 Board Meeting -
Water Project Construction Loan Program -
• Revisions to the Guidelines for Interest Rate Setting
Introduction 1 1 "
This memo consolidates past revisions to the rate setting aspect of the Board's Lending Policies
as described in Section 1.3.2 of the Board's Guidelines for Financial Assistance through the
Colorado Water Conservation Board Construction Fund, dated August 1994 (copy attached).
Background
Beginning with the November 1994 meeting, the Board has been using a standard interest rate
J structure based on the type of project (agricultural, municipal, and commercial) and median
� household income for municipal projects. This change in policy was documented in a memo to
the Board dated Januar 9 1•9 .. . 1 . •-. The standard lending rate for projects
recommended to the General Assembly has been based on this structure and determined annually
at the November meeting.
At the November 1997 meeting, the Board adopted further revisions to the lending policies and
• procedures as documented in a Board memo dated November 14, 1997 (copy attached).
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