BOARD00859

• Board Meeting Date: 9/24/2001
• Description: Water Resources and Power Authority Director's Report
• Board Meetings - Doc Type: Memo

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COLORADO WATER RESOURCES &
POWER DEVELOPMENT AUTHORITY
Logan Tower Bldg, - Suite 620. 1580 Logan Street. Denver. Colorado 80203
303/830..1550 . Fax [phone] . [e-mail]

MEMORANDUM

September 24, 2001

TO:

Members, Colorado Water Conservation Board, and Rod Kuharich
Daniel L. Law, Executive Director &f-

FROM:

RE:

Director's Report

Water Pollution Control Revolvina Fund

The 2002 WPCRF Intended Use Plan. which includes the project eligibility list. is currently out for public review with
formal action scheduled for October 9, This IUP will add 34 projects to the list representing over $250 million of need
and will delete 22 projects representing $29 million of need, The resulting project eligibility list of over 250 projects will
represent a cumulative need of over $950 million,

Our loan capacity for 2002. utilizing an additional grant of $1 0,5 million and all available re-loan funds, is approximately
$105 million, For 2002. we expect to execute over $60 million in loans, It appears that loan capacity for 2003 (estimated
at $100 million) will be fully utilized,

Drlnkina Water Revolvina Fund

The 2002 DWRF Intended Use Plan. which also inciudes the project eligibility list, is nearly complete, It will be released
by the Board of Health for public review in about two weeks, The Board of Health is expected to take formal action on
the Intended Use Plan in November, The 2001 project eligibility list includes over 230 projects representing over $700
million of need, The loan capacity for 2002, utilizing a grant of $13 million and re-Ioan funds. is approximately $40
million, For 2002. we expect to execute over $20 million in loans,

Animas-La Plata Project

The Authority has been working with representatives of the Animas-La Plata Water Conservancy District to amend
several documents dealing with the 1986 cost sharing agreement The following documents were reviewed at a
negotiating session with the Bureau of Reclamation on September 20-21 in Denver:

1. Amended and restated A-I-P concerning the Colorado Ute Indian water rights settlement and binding
agreement for ALP cost sharing
2, Amended and restated escrow agreement
3, Amended and restated agreement and instructions for administering the escrow agreement
4, Funding agreement and repayment contract with the Bureau of Reclamation

On October 4. the signatories to the original ALP cost sharing agreement will be meeting to discuss the draft amended
and restated ALP cost sharing agreement The meeting is scheduled for 3:00 p,m, at the Bureau of Reclamation. 835
East 2nd. Durango. Colorado,

Future Board Meetinas

October 5 - Durango
December 7 - Denver
January 25 -- Northglenn