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BOARD01027
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Last modified
8/16/2009 2:57:20 PM
Creation date
10/4/2006 6:48:58 AM
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Template:
Board Meetings
Board Meeting Date
7/23/2002
Description
CF Section - Finance Matters - Water Resources and Power Development Authority Request to Terminate the CWCB MOU
Board Meetings - Doc Type
Memo
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<br />. <br />. <br /> <br /> <br />t <br /> <br />. <br />findings which it has received from ,the' Authority. The ste,fh of. e <br /> <br />the Board and the Authority are instruQted to give highest priority <br /> <br />to the, prompt and efficient implementation of this provision. <br /> <br />6. In tho'se cases where, 'under -paragraph 5 of this MOU, ,the' <br /> <br /> <br />Authority finds a project eligible 'for bond financing under the <br /> <br /> <br />Authority's statutory authorizations, the staffs of the Board and <br /> <br /> <br />Authority may develop a joint financi,ng plan for approval by ,their <br /> <br /> <br />respective boards. <br /> <br />7.' In considering direct loans for governmental entities' <br /> <br /> <br />, involving raw water projects, the Board and Authority will each use <br />, <br /> <br />best efforts to <br /> <br />make 'the interest rates ,for such loans <br /> <br />'e <br /> <br />substantially in harmony and not unnecessarily ,competitive, in <br /> <br /> <br />order to avoid competition for borrowers based solely on interest <br /> <br /> <br />rate different,ials. <br /> <br />8. To the extent it requires ;such services, the Authority <br /> <br /> <br />shall invite the Board, on mutually agreeable terms and conditions, <br />, , <br /> <br />to act as its agent pursuant to Section 37-95-106 (1) (k) ( II), <br /> <br />C.R:S., to oversee the final design, engineering and ,construction <br />of any project for which the Authprity and the Board jointly <br />provide financing. <br /> <br />9. <br /> <br />This MOU may be terminated by either entity upon 90 daYlil <br /> <br />e <br /> <br />" <br /> <br />written notice to the other party. <br />
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