BOARD00419

• Board Meeting Date: 3/21/2006
• Description: Draft Summary Minutes and Record of Decisions January 24-25, 2006
• Board Meetings - Doc Type: Memo

shall include a "step-up" provision; 3) All standard contracting provisions of the .
CWCB Loan Program including, a revised Debt Service Reserve Fund Provision
that requires two annual loan payments (one annual payment set aside at the time
of first draw of funds and one third of an annual payment set aside at the time of
each of the first three annual loan payments). Russell George, Keith Catlin, and
Eric Wilkinson were not present for this agenda item. The motion was approved
unanimously (7-0)

20. Water Supply Planning and Finance Section - Design and Construction Status Report
Tape 2, Track I 00:43:33 - 01:07:41
Action: Slide presentation by Tim Feehan of ongoing construction projects.
Informational item only; no action taken.

21a. Water Supply Planning and Finance Section - General Information - Review of Revised
"Guidelines for Financial Assistance through the Colorado Water Conservation Board
Construction Fund"
Tape 2, Track 1 00:26:59- 00:43: 13
Action: A motion was made by John Redifer and seconded by Eric Wilkinson to approve
staffs recommendations to simplify, revise, and streamline the "Construction
Fund Guidelines" by making the document more user friendly to applicants; to
more accurately reflect the evolution of the program toward a more broad use of
the nature of the CWCB feasibility study to include financial analysis and
creditworthiness of project sponsors; and to change all references from
"Construction Fund Guidelincs" in its financial policies to "Water Project Loan
Program Guidelines". Russell George and Keith Catlin were not present for this .
agenda item. The motion was approved unanimously (8-0).

22. Water Supply Planning and Finance Section - Status Report on the construction ofthe
Reuter Hess Reservoir by Parker Water & Sanitation District
Tape 2, Track I 01:08:35 -01:54:46
Action: Progress report and slide show presentation by Frank Jaeger, Parker Water and
Sanitation District ofthe Reuter Hess Reservoir. Infonnational item only; no
action taken.

23a. Water Supply Planning and Finance Section - Legislation Review - Construction Fund
Project Bill Review
Tape 2, Track 2 00:00:00 - 00:04:37
Action: A motion was made by Harold Miskel and seconded by Eric Wilkinson to
approve staffs recommendation to amend this year's Construction Fund Projects
Bill to include the fees and the fund created by the weather modification fund,
and to amend the statute to allow: CWCB to have these funds as a continuous
appropriation, so the changes would be incorporated into the bill as it is being
written. The motion was approved unanimously (10-0).

23b. Water Supply Planning and Finance Section - Legislation Review - Water Development
Fund Bill
Tape 2, Track 2 00:06:18 - 00:23:16
Action: Informational item presented by Russell George regarding a bill to create a Water
Development Fund from the Department of Natural Resources severance tax

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