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<br />. <br /> <br />Lake Dam and Reservoir, for a term of 30 years, at a rate of 3.75%. The _ <br />motion was seconded by Ray Werner and approved unanimously (9-0). - <br /> <br />121. Water Project Construction Loan Program - Requests for Approval on Loans on <br />New Projects - Cobble Creek Subdivision. <br />Tape 0, Start/Stop: 0000 - 0000 <br />Action: This item was deleted from the agenda. <br /> <br />12m. Water Project Construction Loan Program - Requests for Approval on Loans on <br />New Projects - North Alamosa Ditch Co. <br />Tape 0, Start/Stop: 0000 - 0000 <br />Action: This item was deleted from the agenda. <br /> <br />12n. Water Project Construction Loan Program - Requests for Approval on Loans on <br />New Projects - Uncompahgre Valley Water Users Association. <br />Tape 0, Start/Stop: 0000 - 0000 <br />Action: This item was deleted from the agenda. <br /> <br />120. Water Project Construction Loan Program - Requests for Approval on Loans on <br />New Projects - Summit Reservoir and Irrigation Company <br />Tape 2, Start/Stop: 5920 - 6200 <br />Tape 3, Start/Stop: 0001 - 0073 <br />Action: Item I Dc was included in this item. A motion was made by David Smith e <br />to approve a grant for $1,360 for a feasibility study for the Summit <br />Reservoir and Irrigation Company. The motion was seconded by Alan <br />Hamel and approved unanimously (10-0). Regarding the loan request, a <br />motion was made by Janice Sheftel that to accept the staff recommendation <br />for a $600,000 loan, at 3.75%, for 30 years. The motion was seconded by <br />Ray Werner and approved unanimously (10-0). <br /> <br />12p. Water Project Construction Loan Program - Requests for Approval on Loans on <br />New Projects - Colorado River Basin Salinity Control Program <br />Tape 3, Start/Stop: 2970 - 3514 <br />Action: It was determined that this item be left out of the Construction Fund bill, <br />but be reconsidered as an alternate proposal in January. No action taken. <br /> <br />13. <br /> <br />Water Project Construction Loan Program - Proposed Parity Lien Test for CWCB <br />Loans <br />Tape 3, <br />Action: <br /> <br />Start/Stop: 5255 - 5730 <br />A motion was made by Janice Sheftel to include a parity debt provision in <br />the loan contract with the Town of Lyons. The motion was seconded by <br />Alan Hamel and approved unanimously (10-0). A motion was made by <br />Patricia Wells that the Board approve the staffs proposed parity debt <br />guidelines, but for the staff to come back to the Board to approve such <br /> <br />e <br /> <br />Minutes November 25-26, 1996 CWCB Meeting <br />