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<br />Central Colorado WCD <br />November 19-21, 2003 <br /> <br />Agenda Item 8e <br /> <br />Recommendation <br />Staff recommends a follow-up CWC8 Small Project loan from the Construction fund in <br />amount up to $5,050,000 ($5,000,000 for project costs and $50,000 for the 1% Loan <br />Service Fee, in accordance with CWCS Loan Policy #16) to the Groundwater <br />Management Subdistrict of the Central Colorado Water Conservancy District. The loan <br />is for up to 90% of the costs of a project to purchase senior water rights and to construct <br />water storage and recharge facilities for augmentation purposes, The recommended <br />loan terms are 30 years at 2,5% (2,58% Annual Percentage Rate), Security for the loan <br />will be a pledge of tax revenues backed by rate covenant, in accordance with CWCS <br />Loan Policy #5, <br /> <br />Staff further recommends that final approval of the loan be conditioned upon standard <br />contracting provisions of the CWCS, <br /> <br />cc: Tom Cech, GMS-CCWCD <br />Linda Sassi, AGO <br /> <br />Attachment <br /> <br />C:\CCWCD 1103 memo <br /> <br />L:\wctranslboardmem\nov03\ 8e - Central Colorado WCD <br /> <br />6 <br />