BOARD00061

• Board Meeting Date: 3/20/1997
• Description: Summary Minutes and Record of Decisions - March 20-21, 1997
• Board Meetings - Doc Type: Minutes

Further, that the staff is instructed to draft some minor changes to the Rules
and Regulations to deal with procedures for modifying flows as required by
SB 96-64; to deal with the issue of the appropriation date; and to include a
general statement that the Board will adopt on procedures for new
appropriations of instream flows. The motion was seconded by David
Harrison and approved unanimously (9-0).

8a. Executive Session - Background Briefings
Tape 2, Start/Stop: 0771 - 1028
Action: David Harrison recused himself from item 8a(iii). A motion was made by
Janice Sheftel that the Board go into Executive Session. The motion was
seconded by David Smith and approved unanimously (9-0), and the Board
went into Executive Session.

Adjourn 12:00 p.m.

9. Report from Executive Session
Tape 2, Start/Stop: 1028 - 1121
Action: In relation to item 8(a)(ii), a motion was made by Janice Sheftel that the
Director transmit an opinion received by the Attorney General's Office
regarding some conflict issues involving Lois Witte. The motion was
seconded by David Harrison and approved unanimously (9-0).

lOa. Water Project Construction Loan Program - Small Project Loan Account - Cotton
Creek Water Company
Tape 2, Start/Stop: 1458 - 2041
Action: A motion was made by Patricia Wells that the Board accept the staff
recommendation to approve the loan for $100,000, at a 3.75% interest rate,
for a 30 year loan, and including additional language in recommendation #6,
and with the change that paragraph #5 be made to read "that security for the
loan shall be an interest in real estate and/or water rights, or other security of
value at least equal to the loan." The motion was seconded by Ray Werner
and approved unanimously (9-0).

lOb. Water Project Construction Loan Program - Small Project Loan Account - Farmer's
Independent Ditch Company
Tape 2, Start/Stop: 1126 - 1458
Action: A motion was made by David Smith that the Board accept the staff
recommendation to approve the loan for $55,000 for the Farmers
Independent Ditch Company, at a rate of 3.75% for 30 years, with security
for the loan a collateral interest in the stream of income derived from
shareholder assessments, and one payment in a certificate of deposit account,
to be held by the State Treasurer. The motion was seconded by Ray Werner

Minutes March 20-21,1997 CWCB Meeting