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<br />e <br /> <br />e <br /> <br />e <br /> <br />4. <br /> <br />Construction Fund . Revised Guidelines 10:57 - 11:44 a.m. <br />Tape I, Start/Stop 2615 - 4490 <br />Action: A motion was made by David Harrison to leave the 30 year treasury <br />rate as the standard rate, and have language that suggests the Board <br />will consider a lower rates as an inducement to loan applicants to <br />select shorter repayment periods based on the treasury yield curves, <br />and require that what is available for security be included in the <br />application. In addition, that the Guidelines address CWCB and <br />professional engineer liability. The motion was seconded by To=y <br />Thomson and the motion was passed IImmimously (8-0). <br /> <br />Action: <br /> <br />A motion was made by Ken Salazar to approve the Water Project <br />Construction Loan Program Guidelines' submitted by staff, <br />incorporating the co=ents and suggestions made by the Board and <br />additional editorial language they may want to add submitted directly <br />to staff. The motion was seconded by David Meyring and the passed <br />IImmimously (8-0). <br /> <br />5. <br /> <br />Const. Fund . Emergency Infrastructure Repair Account <br /> <br />11:46 am. - 12:10 pm <br /> <br />Sa. Criteria and Administrative Procedures <br />Tape 1, Start/Stop 4550- 5802 <br />Action: Board members suggested changes that included defining emergencies <br />that do not qualify, a definition to comply with Amendment 1, <br />incorporation of language adopted in the Construction Fund <br />Guidelines, rewording of paragraph 2 to say that the emergency must <br />present an immediate and extraordinary threat to human health and/or <br />well being to property and crops, and the need for a strict test for <br />emergency determination. A motion was made by To=y Thomson <br />the staff to incorporate to intent expressed by members of the Board. <br />The motion was seconded by David Meyring and the motion passed <br />IInanimously (8-0). <br /> <br />Sa. Construction Fund. Emergency Infrastructure Repair Account <br />Criteria and Administrative Procedures Continued <br />Tape 2 Start/Stop <br />Additional information given on 7/13/93. <br />No additional action taken. <br /> <br />9:15 - 9:16 am. <br /> <br />3640 - 3700 <br /> <br />Sb. <br /> <br />Summit Reservoir Company 9:16 - 9:21 am. <br />Tape 2 Start/Stop 3701 - 3880 <br />Action: A motion was made by Ken Salazar to provide $60,000 to the Summit <br />Reservoir. The motion was seconded by Janice Sheftel and passed <br />unanimously (8-0). <br /> <br />Draft Minutes for July, 1993 CWCB Meeting <br /> <br />3 <br />