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<br />- 5- <br /> <br />Action: <br /> <br />operations for CWCB and the total reliance on the Construction Fund for the <br />operations of CWCB and the contribution to other agencies in DNR. We hope <br />and expect that general fund revenues will at some point be available for the <br />operation of a portion of CWCB as well as the other agencies in DNR. We do <br />not intend that this origination fee should be necessary if those types of <br />general funds are restored to the operations and would likely be able to review <br />this policy and eliminate the loan origination fees when possible. <br />A motion was made by Ray Wright with a second by Greg Hoskin in support <br />of staff recommendation for adoption of policy # 16. The sunset provision on <br />the loan origination fee would expire in May 2004 and would only be <br />extended by a renewal of the policy by the Board at that time. The sunset <br />provision would apply only to the loan origination fee of 1 % and the other two <br />portions of the policy concerning amendments and partial releases would not <br />have a sunset date. Approved 8-0. Harold Miskel and Carolyn McIntosh <br />were not present. <br /> <br />19a,c,d,e,f,g. Water Supply Planning and Finance Section -Loan De-authorization Review <br />Tape 3, Trackl 1:14:41- 1:36:00 <br />Action: A motion was made by Bob Burr and seconded by Keith Catlin for staff <br />recommendation that the Board approve a one-year extension or de- <br />authorization of the loan authorizations described. Approved 8-0. Harold <br />Miskel and Carolyn McIntosh not present. (See 19b. and 201. regarding Town <br />of Paonia.) <br /> <br />19b. Water Supply Planning and Finance Section - Town of Paonia - New Reservoir <br />Construction <br />Tape 3, Track 1, 1:36:00 - 1:37:54 <br />Action: Town of Paonia will be tabled until the Paonia application is reviewed. <br /> <br />20a. Water Supply Planning and Finance Section - Mancos Water Conservancy District - <br />Water System Rehabilitation <br />Tape 3, Track 1, 1:37:54 -1:55:00 <br />Action: A motion was made by Eric Wilkinson with a second by David <br />Smith for staff recommendation of a loan in the maximum amount of $5,486,531 <br />to the Mancos Water Conservancy District, acting by and through its water <br />activity enterprise. The loan is for up to 90% of the costs of a project to <br />rehabilitate District facilities, and to consolidate existing debt. The <br />recommended loan terms are 30 years at 2.8%. As security for the loan, the <br />Borrower will pledge collateral in accordance with CWCB Loan Policy #5. This <br />loan would be funded from the Severance Tax Trust Fund - Perpetual Base <br />Account. Staff further recommends that final approval of the loan be <br />conditioned upon all other standard contracting provisions of the CWCB. <br />Approved 9-0. Harold Miskel was not present. <br /> <br />20b. Water Supply Planning and Finance Section - Stromberger Land & Cattle Co.- <br />Groundwater Augmentation Project. <br />Tape 3, Track 1, 1:55:00-2:27:00 <br /> <br />Flood Protection. Water Project Planning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation Planning <br />