BOARD00234

• Board Meeting Date: 7/23/2002
• Description: CWCB Director's Report
• Board Meetings - Doc Type: Memo

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STATE OF COLORADO

Colorado Water Conservation Board
Department of Natural Resources
1313 Sherman Street, Room 721
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]
www.cwcb.state.co.us

MEMORANDUM

Bill Owens
Governor

TO:

Colofado Watef Consefvation Board Members

Greg E. Walcher
Executive Director

FROM:

Rod Knharich
CWCB Director

Steve Biondo, Cqmpliance Specialist
Mike Serlet, P. E., Chief
Watef Supply Planning and Finance Section

Dan McAuliffe
Deputy Director

DATE: July 10,2002

SUBJECT: Agenda Item 3c, July 23 - 24, 2002, Board Meeting-
Water Project Constrnction Loan Program
Loan Repayment Delinquency Report

Loan Repayments feceived relative to the Water Project Construction Loan Program have been
reviewed fOf the period covering July 200 I through June 2002. The effective due date of the
payment is inclusive of the Board's current 30 day late policy. Hence, the date the payment was
feceived was compared to the last day allowable prior to the payment being considered late.

Repayments due fOf Fiscal Year 2002 totaled 194. There were seven payments not feceived on
time during this period. Two loan payments for the City of Greeley were received between 1 and
30 days late. The loan payment for Cache La Poudre Reservoir Company was received between
30 and 60 days late. The payment for Coon Creek Reservoir & Ditch Company was received
over 60 days late. The payment fOf Pinon Mesa Ranches Community Association is currently
overdue for this year. The payment for Arkansas Groundwater Users Association has not been
received to date and a deferment has been requested. The payment for the Town of Starkville
has not l1een received to date. Thus, the on-time performance for the total repayments due was
96% in compliance or 4% not in compliance.

The Town of Starkville and Coon Creek Reservoir & Ditch Company afe currently two years in
arrears. Pinon Mesa Ranches Community Association had an intefest during construction
payment due in July 2000 and theif first annual payment due in July 2001, which have not been
received to date. We are currently working with each of these borrowers to resolve theif
repayment problems in ordef to bring them into compliance with their loan contracts.

Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection
Water Supply Protection. Conservation and Drought Planning