BOARD00991

• Board Meeting Date: 1/25/1995
• Description: Agenda or Table of Contents, Minutes, Memos
• Board Meetings - Doc Type: Meeting

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COLORADO WATER RESOURCES &
POWER DEVELOPMENT AUTHORITY

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Logan Tower Bldg. - Suite 620, 1580 Logan Street, Denver, Colorado 80203
303/830-1550 FAX [phone]

MEMORANDUM

January 24, 1995

TO:

Members, Colorado Water Conservation Board, and Chuck Life

FROM:

Daniel L. Law, Executive Director

RE:

Director's Report

Domestic Water SUDDfv Proiect Revolving Fund

Work on a contract with the State Treasurer is continuing and should be in final form for
the Authority's February 3 meeting. If approved then, loan agreements with Baca Grande
Water and Sanitation District and Hoover Hill Water and Sanitation District should be
executed within 60 days.

We have received additional applications from Monument ($500,000), Idledale W&SD
($250,000), Fraser ($200,000), Fairplay ($500,000) and Minturn ($300,000). The Authority
will be reviewing these appiications at the February 3 meeting.

Small Water Resources Pro/ects

We have received an inquiry from little Thompson Water District for a loan of $4,800,000.
Other potential borrowers are being contacted to set a scheduie for a bond financing in
Mayor June.

Water Pollution Control Revolving Fund

Direct loans for Fruita ($224,000) and Parker W&SO ($500,DDD) will be considered on
February 3. ' Leveraged ioans for Fort Morgan ($9,000,000). Brighton ($5,000,00D), Craig
($1,250,000), Steamboat Springs ($1,250,00D), Winter Park W&SO ($2,800,000) and
Upper Eagle Consoiidated SO ($6,00D.000) are in the process of being evaiuated. A bond
issue incorporating all of these leveraged loans is being scheduled for May.