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<br />3. Town of Fort Morgan, a loan authorized by HB98-1189 in the amount of $8,000,000 <br />out of the Construction Fund and the Severance Tax Trust Fund for the final <br />segment of the Southern Water Supply Pipeline. The Attorney General's Office <br />started working on the draft contract on July 16, 1998. <br /> <br />4. Town of Fort Morgan, an amendment to allow the Town's bonds to have parity with <br />our loan as approved by the Board at its July 1997 meeting and to secure the <br />remainder of the collateral required by the Board's approval. A revised draft of the <br />amendment was submitted to the Town for review on August 25, 1998. <br /> <br />5. Greeley & Loveland Irrigation Company, a loan in the amount of $308.000 as <br />approved by the Board at its November 1997 meeting. A draft contract was <br />provided to the company for review on May 7, 1998. <br /> <br />6. Jefferson County, a grant totaling $50,000 from the Severance Tax Trust Fund <br />Operating Account; $20,000 approved by the Board at its November 1997 meeting <br />and an additional $30,000 approved by the Board in 1998 for the Mountain Ground <br />Water Resource Study. The Attorney General's Office has drafted the grant <br />contract. <br /> <br />7. Julesburg Irrigation District, an emergency loan in the amount of $590,000 to <br />replace the diversion and headgate structure on the South Platte River. The <br />Attorney General's Office prepared a draft contract on August 20, 1998. <br /> <br />8. Left Hand Ditch Company, a loan in the amount of $560,000 to enlarge its spillway. <br />The contract was sent to the borrower for review on June 23, 1998. <br /> <br />9. Northern Colorado Water Association, a loan, authorized by HB98-1189, in the <br />amount of $90,000 for the purchase of wells and water rights. The Attorney <br />General's Office started drafting the contract in August. <br /> <br />10. Starkville, Town of, an amendment in accordance with the action approved by the <br />Board at its November 1997 meeting to forgive the payment missed in the 1980s, <br />defer the two last payments, and then reamortize the loan balance based on 2% for <br />30 years. An analysis has been performed based on the Board's action, however <br />no decision has been made on how to pursue amending the Town's contract. <br /> <br />13. Weldon Valley Ditch Company, an amendment to reduce its final loan amount to <br />$181,888.64. The amendment was sent to the Controller for final review and <br />approval. <br /> <br />14. Western Mutual Ditch Company, a Small Project Construction Fund Loan in the <br />amount of $100,000 approved by the Board at its may 1998 meeting. A draft of the <br />contract was sent to the Borrower for review on September 2, 1998. <br /> <br />PROJECTS AWAITING CONTRACTING. A list of 55 contracts (36 project loans and 19 contract <br />amendments) valued at $34.6 million that are awaiting contracting is shown on the <br />attached Contract Status Report. <br /> <br />STAFF RECOMMENDATION. This memo is for information purposes. Please let me know if <br />you have any questions or concerns regarding the contracting status. <br /> <br />. <br /> <br />. <br /> <br />. <br />