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<br />Action: <br /> <br />A motion was made by Bill Brown to table this item until the January <br />meeting so that the staff could discuss this matter with the Attorney <br />General's Office, and pursue the idea of a loan rather than a grant. The <br />motion was seconded by Bob Burr and approved unanimously (10-0). <br /> <br />23e. Water Project Construction Loan Program - Changes in Existing Loans - North <br />Poudre Irrigation Co. <br />Tape 5, Start/Stop: 0000 - 0000 <br />Action: This item will be addressed at the January meeting. <br /> <br />24a. Water Project Construction Loan Program - New Loans - Ryan Gulch Reservoir <br />Company <br />Tape 4, Start/Stop: 0000 - 0000 <br />Action: This item will be addressed at the January meeting. <br /> <br />24b. Water Project Construction Loan Program - New Loans - Sterling Irrigation Co. <br />Tape 5, Start/Stop: 0581 - 1300 <br />Action: A motion was made by Eric Kuhn to accept the staffrecommendation to <br />recommend to the General Assembly a Construction Fund loan to the <br />Sterling Irrigation Co. in the amount of $318,583, representing 90% of the <br />costs, for a 30 year term at the agricultural rate of 3.75% interest, and on <br />condition that the assessments are raised before the loan is made. The motion <br />was seconded by Ray Werner and approved unanimously (9-0). <br /> <br />24c. Water Project Construction Loan Program - New Loans - Columbine Ranches <br />Property Owners Association <br />Tape 5, Start/Stop: 1300 - 1797 <br />Action: A motion was made by Eric Kuhn to accept the staffrecommendation to <br />recommend to the General Assembly a Construction Fund loan to the <br />Columbine Ranch Property Owners Association in the amount of $305,250, <br />representing 75% of the costs, for a 30 year term at the standard municipal <br />rate of 4.75% interest, and with the legislation stating the loan is for <br />"purchase of water rights." The motion was seconded by Alan Hamel and <br />approved unanimously (9-0). <br /> <br />24d. Water Project Construction Loan Program - New Loans - Weld County Tri-Area <br />Sanitation District <br />Tape 5, Start/Stop: 1800 - 1881 <br />Action: This item was deferred to the January meeting where it would be decided if <br />consideration of the requested $1,000,000 loan would be tabled or given a <br />placeholder for next year's flood project 5 % allocation. <br /> <br />24e. Water Project Construction Loan Program - New Loans - Town of Julesburg <br /> <br />Minutes November 23-24, 1998 <br />