BOARD00496

• Board Meeting Date: 5/20/2000
• Description: Summary Minutes and Record of Decisions - March 20-21, 2000
• Board Meetings - Doc Type: Minutes

15a, Water Supply Planning and Finance - Severance Tax trust Fund Perpetual Base
Account - New Loans Jackson Lake Reservoir and Irrigation Co,
Tape 2, Start/Stop: Recording error
Action: A motion was made by David Smith to accept the staff recommendation
for a $336,600 loan to the Jackson Lake Reservoir and Irrigation
Company, approved by the Board at their November 22-23, 1999 meeting,
to be recommended to the 2000 General Assembly for funding in year
2000 or later from the Severance Tax Trust Fund Perpetual Base Account
The motion was seconded by Donald Schwindt and approved
unanimously (9-0),

15b, Water Supply Planning and Finance - Severance Tax Trust Fund Perpetual Base
Account - New Loans Riverside Reservoir and Land Co, -Diversion Structure
Tape 2, Start/Stop: Recorder Problem
Action: A motion was made by Ray Werner to accept the staff recommendation
that a loan not to exceed $405,000 be made to the Riverside Reservoir and
Land Company for up to 90% of the costs to rehabilitate the Company's
diversion structure on the South Platte River. The term would be for 30
years, funded from the Severance Tax Perpetual Base Account, with a
recommended lending rate of 4%, Security will be a pledge of revenues
from assessments, one payment in a certificate of deposit account to be
held by the State and the project itself The motion was seconded by
David Smith and approved unanimously (9-0),

15c. Water Supply Planning and Finance - Severance Tax Trust Fund Perpetual Base
Account - New Loans Weld County Tri-Area Sanitation District-Storm Drainage
Tape 2, Start/Stop: Recorder Problem
Action: A motion was made by Patricia Wells to accept the staff recommendation
for an additional increment of funding of $770,000 from the Perpetual
base Account of the Severance Tax Trust Fund for the storm water
detention pond project of the Weld County Tri-Area Sanitation District
The term would be for 30 years at the Municipal Middle Income lending
rate of 5%, Total lending would amount to no more than $1,500,000,
Security for the loan would be a pledge of revenues backed by a rate
covenant and annual financial reporting, The motion was seconded by
Harold Miskel and approved unanimously (9-0)

16, Stream & Lake Protection- Proposal of Injury wi Mitigation - Nearburg; 3-99CW034
(Trout Creek)
Tape 2, Start/Stop Recorder Problem
Action: A motion was made by Harold Miskel to accept the staff recommendations
to make the preliminary determination that "1) the natural environment
could be preserved to a reasonable degree with the proposed injury or

Minutes March 20 - 21, 2000
Page 6