BOARD00760

• Board Meeting Date: 7/23/2002
• Description: Summary Minutes and Record of Decisions - July 23-24, 2002
• Board Meetings - Doc Type: Minutes

.5.

a. Larimer and Weld Irrigation Company - Ditch Rehabilitation
Action: A motion was made by Ray Wright to accept staff recommendation for a
CWCB Small Project Loan not to exceed $1,000,000 to the Larimer and Weld
Irrigation Company (L WIC) from the Construction Fund to rehabilitate and
replace 10 check structures and install one new check structure in the Larimer
& Weld Ditch (Eaton Ditch). The recommended term of the loan is 30.years
and the recommended lending rate is 2.5 percent. Security for the loan will be
a pledge of assessment revenues backed by assessment covenant and the
project itself. Staff further recommends that final approval of the loan be
conditioned upon all other standard contracting provisions of the CWCB, and
prior to entering into a contract L WIC will obtain other financing necessary to
complete the project as described. Identify part of this loan to refinance 3
check structures. On the collateral for our loan, L WIC will obtain a parity lien
on the assessment revenues. The motion was seconded by David Smith and
approved 9.0.

b. Riverside Ditch and Allen Extension Company - Ditch Rehabilitation
Action: A motion was made by Greg Hoskin to accept staff recommendation of a
CWCB Small Project Loan in maximum amount of $50,000 to the Riverside
Ditch and Allen Extension Company for rehabilitation work on the Riverside
Ditch and Allen Extension. The recommended term of the loan is 30.years at
2.75 percent or 20 years at 2.5 percent at the borrower's option. The security
for the loan will be a pledge of assessment revenues backed by assessment
covenant and the project itself. Staff further recommends that final approval
of the loan be conditioned upon all other standard contracting provisions of
the CWCB. The motion was seconded by David Smith and approved 9.0.

20. Water Supply Planning and Finance Section - Special Projects
Track 3, Start/Stop: 1 :28:30.3:30:30
a. Statewide Water Supply Investigation - Review Plan of Study
Action: A motion was made by Greg Walcher to direct staff to prepare a Request for
Proposal to perform a reconnaissance level study of the Colorado River
Stateline Pumpback project and include the financial, political and technical
feasibility and that we ask that The Statewide Water Supply Initiative Request
for Proposal (RFP) be rewritten to be more project specific and both RFP' s be
brought back to the September meeting in Gunnison. A Technical Committee
consisting of Greg Hoskin, Harold Miskel and Eric Wilkinson was appointed
to recommend to the Board the two Requests for Proposals. The motion was
seconded by David Smith and approved 8.1 with Harold Miskel voting no.

21. Stream and Lake Protection Section - New Appropriations - Request to Table Action
and Vacate Hearings
Tape 3
Track 1, Start/Stop: 3:30:30.3:39:22
Action: A motion was made by Keith Catlin to accept staff recommendation to vacate
the hearings set for September 10 - 12, 2002 on the Mt. Emmons Iron Fen
lake level and the Spring Creek instream flow appropriations and to table
Flood Protection. Water Project Planning and Financing. Stream and Lake Protection
Water Supply Protection. Conservation Planning