BOARD00978

• Board Meeting Date: 11/23/1998
• Description: CF Section - Status Reports on Loan Projects - Pinon Mesa Ranches - Raw Water Pipeline Project
• Board Meetings - Doc Type: Memo

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Colorado Water Conservation Board
Department of Natural Resources
721 Centennial Building
1 31 3 Sherman Street
Denver, Colorado 80203
Phone, [phone]
FAX, [phone]

STATE OF COLORI\DO

-

MEMORANDUM

Roy Romer
Governor

James S. Lochhead
Executive Director, DNR

Daries C. lite, P.E.
Director, ewes

Peter H. Evans
Acting Director, ewCs

TO:

Colorado Water Conservation Board Members

FROM:

I,}J<?

Bill Stanton, P.E., Chief, Project PI~Jgf1d Construction Section
Mike Serlet, P .E., Project Manager r; .J .

November 17, 1998

DATE:

SUBJECT: Agenda Item 28a - November 23-24, 1998, Board Meeting
Water Project Construction Loan Program
Status Report on Loan Projects
Pinon Mesa Ranches - Raw Water Pipeline Project

tit Introduction

This item is presented to update the Board on the current situation with respect to
the Pinon Mesa Ranches Community Association's (PMRCA) raw water project.

Backlrround

At the July Board meeting in Telluride and the Special Board meeting on June 16,
1998 the Board approved the following to be completed in chronological order:

1. The CWCB enter into a 3-party agreement with PMRCA and RMI Enviromnental
Services, Inc., ensuring RMI's construction and operation of a Reverse Osmosis (RO)
system at the PMRCA reservoir, and PMRCA's ability to make its annual loan
payment to the CWCB.

2. Disbursement of the remaining funds can continue for the project under the original
$206,000 contract prior to the time an amended contract is in place.

3. A loan increase to the PMRCA based on changes in the project for a total loan
amount of $258,300.00 for a term of 10 years at 3.25 percent interest. The contract to
include all conditions and amendments relative to delivery of a deed of trust,
e collateral, reserve funds, etc. as specified at the meetings.