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<br /> <br />COLORADO WATER RESOURCES & ' <br />POWER DEVELOPMENT AUTHORllY <br /> <br />Logan Tower Bldg. - Suite 620,1580 Logan Street, Denver, Colorado 80203-1942 <br />303/830-1550 FAX 303/832-8205 <br /> <br />MEMORANDUM <br /> <br />November 24, 1996 <br /> <br />TO: <br /> <br />Members. Colorado Water Conservation Board. and Chuck Lile <br /> <br />FROM: <br /> <br />Daniel L. Law. Executive Director <br /> <br />RE: <br /> <br />Director's Report <br /> <br />Drinking Water Revolving Fund <br /> <br />With the recent execution of a loan agreement with the town of Bayfield, the Authority has now <br />executed 13 DWRF loans representing $4,460,000 of projects. One additional loan has been <br />approved, but not funded. A second loan application is currently undergoing review. <br /> <br />With the reauthorization of the Safe Drinking Water Act with a state revolving fund (SRF) in <br />August, staffs of the Authority, Water Quality Control Division and the Division of Local <br />Government have been working to develop a project eligibility list and an intended use plan <br />for the DWRF. Last week the Board of Health adopted both items. The list includes over 175 <br />projects with an estimated need of $450 million. <br /> <br />In October EPA issued draft guidance for the Drinking Water SRF. A major concern with the <br />guidance document is that EPA has unilaterally denied funding eligibility for the construction <br />of dams and reservoirs and the acquisition of water rights. The Act does not preclude any <br />of these items from funding consideration. This decision by EPA has raised considerable <br />concern within several althe western states. Fin"aI,CGrnmenls GllJhis guidance are- due on <br />November 27. ., <br /> <br />'.'. .- <br />'.;; '"' <br /> <br />The Authority 6icpectil to receive appt6ximlltely $13.5" mimo'Yl for the SRF inFY199i'. By' <br />leveraging this atIJoulll with bond prciCl1eds, loonll'ipatity sl'lowld be arOl,lnd $40 millIOn. An: , <br />operating agreement with EFA should be In pfaCltty fhid-m7. <br /> <br />~,:.t <br /> <br />~ r!- <br /> <br />Small Water Resources proiects <br /> <br />The Authority recently approved a $1,780,600 lOan application from the:TGWn of I\AQnumeflt <br />for treatment plant improvements. A $4,000,000 loan application is expected in eally 1001 <br />from Parker Water aM Sanitation District. If approved, bonds for bOth 10ans:COuld be iSSLle<! <br />in March. ' <br />{...... . <br /> <br />. ,,"):;'i' <br />