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<br />1 <br /> <br />I <br />Water Project Construction Loan Program <br />Loan Financial Activity and Loan R~payment Delinquency Reports <br /> <br />Loan Financial Activity <br /> <br />Loan Financial Activity relative to the Water Project Consiruction Loan Program is detailed on the following <br />attachment. Funds received relative to loans in repayment: totaled $7.4 M for the first 10 months of the Fiscal <br />Year 2001. Funds disbursed relative to new project loans totaled $29.7 M for the same period. Net activity <br />resulted in $22.3 M disbursed from the CWCB Constructi~n Fund over the total received. <br /> <br />Loan Repayment Delinquency <br /> <br />. <br /> <br />Loan Repayments received relative to the Water Project C;onstruction Loan Program have been reviewed for <br />the period covering July 2000 through April 2001. The effective due date of the payment is inclusive of the <br />Board's current 30 day late policy. Hence, the date the paYment was received was compared to the last day <br />allowable prior to the payment being considered late. <br /> <br />Repayments due for the first ten months of the Fiscal Yeat 2001 totaled 148. There were four payments not <br />received on time during this period. The loan payment for; Coon Creek Reservoir & Ditch Company was <br />received between 1 and 30 days late. The loan payments for the City of Fort Morgan, the DeWeese-Dye Ditch <br />and Reservoir Company, and the Sedgwick-Sands Dl'aw Water Conservancy District were received between <br />31 and 60 days late. Thus, the on-time perfonnance for the total repayments due was 97% in compliance or <br />3% not in compliance. <br /> <br />, <br /> <br />The Town of Starkville has made one partial payment in August 2000. The Town is currently two years in <br />arrears. Coon Creek Reservoir & Ditch Company is curr~ntly two years in arrears. Pinon Mesa Ranches <br />Community Association had an interest during constructi~n payment due in July 2000, which has not been <br />received to date. The first annual payment of Pinon Mesa will be due in June 2001. Weare currently working <br />with each ofthese borrowers to resolve their repayment problems in order to bring them into compliance with . <br />their loan contracts. ' <br /> <br />. <br /> <br />19 <br />