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<br />Alan Hamel and approved unanimously (9-0). <br /> <br />13b. Water Project Construction Loan Program - Modifications to Previous Loan <br />Authorizations - Sanchez Ditch and Reservoir Company <br />Tape 2, Start/Stop: 1839 - 2061 <br />Action: A motion was made by David Smith to accept the staff recommendation with <br />the inclusion that the certificate of deposit be increased to reflect the new <br />total loan amount. The motion was seconded by Ray Werner and approved <br />unanimously (9-0). <br /> <br />14a. Water Project Construction Loan Program - Small Project Loan Account - <br />Chipper field Lane Ditch Inc. <br />Tape 2, Start/Stop: 2061 - 2225 <br />Action: A motion was made by Patricia Wells that the Board accept the staff <br />recommendation to approve a loan for $60,000 at a rate of 3.75% for 30 <br />years, contingent upon completion of the feasibility study, and that security <br />for the loan shall be a collateral interest in the stream of income derived from <br />shareholder assessments, and one payment in the form of a certificate of <br />deposit to be held by the Treasury, with the added provision that the interest <br />rate can change if the use of the land changes. The motion was seconded by <br />Allen Davey and approved unanimously (9-0). <br /> <br />15a. Water Project Construction Loan Program - City of Fort Morgan - NCWCD Southern <br />Pipeline Water Supply Project <br />Tape 2, Start/Stop: 2654 - 3726 <br />Action: This was an informational presentation, no action was taken. <br /> <br />15b. Water Project Construction Loan Program - Severance Tax Trust Fund Operational <br />Account Project <br />Tape 2, Start/Stop: 0000 - 0000 <br />Action: This item was deleted from the agenda. <br /> <br />15c. Water Project Construction Loan Program - Adjustment of Security Interest for <br />Wolford Mountain Reservoir <br />Tape 2, Start/Stop: 3746 - 3830 <br />Action: This item was an informational item; no action taken. <br /> <br />16. Overland Ditch and Reservoir Company - Request for Financial Assistance with <br />Litigation Expenses in Defense of a Right-of-Way Across Federal Lands. <br />Tape 2, Start/Stop: 2259 - 2654 <br />Action: This was an informational item; no action taken, item will be brought back to <br />the July meeting. <br /> <br />17. Next Meeting Dates and Locations <br /> <br />Minutes May 12-13, 1997 CWCB Meeting <br />