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<br />8. Report from Executive Session <br />Tape I, Start/Stop: 5614 - 0000 <br />Action: Felicity Hannay reported on the items discussed in Executive Session. In <br />relation to Item 7a, Case No. l-98CW448, City of Golden, and following <br />comments made by several members related to the Division I Water Court <br />Decree issued in this case, a motion was made by Eric Wilkinson that the <br />Board direct the Attorney General's Office to file a notice of appeal on the <br />decision in the Golden Case No. l-98CW448, based on the factors <br />discussed by the Board. The motion was seconded by Lewis Entz and <br />approved (9-0). <br /> <br />9a. Water Supply Planning and Finance - Small Project Loan Account - Glenwood <br />Ditch Diversion Structure Rehabilitation. <br />Tape I, Start/Stop: 6593 - 6970 <br />Action: A motion was made by Don Schwindt to accept the Staff <br />Recommendation to approve a Small Project Loan not to exceed $85,000 <br />to the Glenwood Irrigation Company to rehabilitate the diversion structure <br />and headgate for the Glenwood Ditch, with a loan term of 30 years and the <br />lending rate at 5%. Security for the loan will be a pledge of assessment <br />revenues backed by assessment covenant and the project itself, and with <br />the final approval of the loan conditional upon all other standard <br />contracting provisions of the CWCB. The motion was seconded by Keith <br />Catlin and approved (9-0). <br /> <br />9b. Water Supply Planning and Finance - Small Project Loan Account - Cedar Mesa <br />Reservoir Dam Rehabilitation <br />Tape I, Start/Stop: 6970 - 7116 <br />Tape 2, Start/Stop: 0001 - 0122 <br />Action: A motion was made by Greg Walcher to accept the Staff Recommendation <br />to approve a Small Project Loan not to exceed $100,000 to the Cedar <br />Mesa Ditch and Reservoir Company to rehabilitate the Cedar Mesa Dam, <br />with recommended loan terms of either 30 years at 3.5%, 20 years at <br />3.25% or 10 years at 3%. Security for the loan will be a pledge of <br />assessment revenues backed by assessment covenant and the project itself, <br />and with the final approval of the loan conditional upon all other standard <br />contracting provisions of the CWCB. The motion was seconded by Keith <br />Catlin and approved (9-0). <br /> <br />lOa. Water Supply Planning and Finance - Changes in Existing Construction Fund <br />Loans - Consolidated Mutual Water Company - Fortune Reservoir Construction <br />Tape 2, Start/Stop: 0122 - 0332 <br />Action: A motion was made by Eric Wilkinson to accept the Staff <br />Recommendation to approve an increase of $4,333,000 to the <br />Consolidated Mutual Water Company 200 I Construction Fund Loan <br /> <br />Minutes July 23-24, 2001 <br />Page 3 <br />