Board Meeting 12/05/1979

• Board Meeting Date: 12/5/1979
• Description: Minutes, Agenda, Memorandums December 5, 1979
• Board Meetings - Doc Type: Meeting

•
Mr. Stapleton then asked Mr. Ioannides to brief the Board on the
proposed Morrison Project. Mr. Ioannides reported that the total
estimated cost of the project is about $700 ,000, with the staff
recommending that $350 ,000 of this amount be financed from the con-
struction fund at a service rate of 4 percent. Mr. Stapleton then
called upon Mr. Rolf Paul to speak on behalf of Morrison about the
proposed project. After a brief exchange between Mr. Paul and members
of the Board over a few particulars of the project, Mr. Vandemoer
moved, seconded by Mr. Getz, that the Board accept the staff's rec-
ommendation for this project. There being no further discussion, the
motion was passed on a unanimous voice vote.
Mr. McDonald then presented the proposed Meadow Creek Project to
the Board noting that the staff recommended approval of the project
contingent upon two specific conditions . First, the staff recommended
that written assurances be received from the local sponsoring entity
that they will be willing to repay the project even if the benefit-
cost ratio for the project is less than 1. Secondly, the staff
recommended that approval of the project be made contingent upon
approval by the staff of all of the foundation work which was pre-
viously completed by the local sponsoring entity using its own
financial resources and approval by the staff of the drawings and
specifications for the completion of the project. Mr. McDonald also
noted that the matter of the U. S . Supreme Court decree in Wyoming
versus Nebraska had been taken into account insofar as the proposed
project would lead to more storage in the North Platte River system
and the staff had satisfied itself that there were no legal problems
in this regard. The chair then recognized Mr. Pete Bailer, repre-
senting Bailer Livestock Company, which is the entity donating land
for the project. Mr. Bailer briefly addressed himself to the project
and responded to several questions from Board members about the
recreational features of the proposed project and public access to
the project across the Bailer lands . There being no further discussion ,
Mr. Furneau moved, seconded by Mr. Gormley, that the Board recommend
to the Legislature that the State participate in the proposed project
in the amount of $1 million subject to contingencies outlined above .
The motion passed on a unanimous voice vote, Mr. Sherman having
participated in that vote after joining the meeting midway through
the discussion on the proposed Meadow Creek Project.
Mr. Stapleton then moved, seconded by Mr. Jackson, that the
prioritization of the projects for presentation to the Legislature be
established in the order in which the proposed projects were taken up
by the Board. There being no discussion, the motion was passed on a
unanimous voice vote . Summaries of the projects as presented to the
Board are attached.
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