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Southeastern Colorado Water Conservancy District Agenda Item 13a <br /> July 20-21, 2016 Board Meeting(Updated July 22, 2016) <br /> Page 6 of 6 <br /> Summary of Additional Loan Conditions Status <br /> 5. Federal Funding Appropriation: No state loan This condition is not applicable as Federal funds <br /> contract shall be executed until Federal will not be used for the hydropower development <br /> legislation appropriating construction funds for phase. <br /> the AVC has been approved. <br /> 6. CWCB Loan Contract: <br /> a) Water activity enterprise must contract a) The 2009 Projects Bill provided an <br /> within 2 years of Board Approval. extension through July 1, 2021. <br /> b) Contracts between water activity b) This does not apply as there are no other <br /> enterprise and other project participants project participants funding the <br /> shall include a "step-up" provision to pay I hydropower development phase. <br /> CWCB loan. <br /> c) Enterprise shall supply to the CWCB, a c) This is required as part of CWCB's <br /> TABOR compliance letter prior to entering standard contracting procedures. <br /> into a State contract. <br /> 7. Federal Memorandum of Understanding (MOU): Federal MOU's are not required for the <br /> Required MOU's between Borrower and federal hydropower development phase. <br /> agency(ies) shall be in place prior to the <br /> execution of a state contract. <br /> 8. Status Report on Conditions: Prior to executing This has been met through this Board Memo for <br /> a State loan contract, the CWCB staff shall the hydropower development phase. Additional <br /> provide a status report to the Board on the phases of the AVC project will require an <br /> fulfillment of the above loan approval conditions. additional status report. <br /> 9. Loan Disbursements: Disbursements from the This condition is not applicable as Federal funds <br /> CWCB to the Borrower will be in the same will not be used for the hydropower development <br /> percentage as disbursements made from the phase. <br /> Federal government. <br /> cc: James Broderick, Executive Director, Southeastern Colorado Water Conservancy District <br /> Susan Schneider/Jennifer Mete, Colorado Attorney General's Office <br /> Attachment: Water Project Loan Program - Project Data Sheet <br />