BOARD01049

• Board Meeting Date: 7/23/2001
• Description: Summary Minutes and Record of Decisions - July 23-24, 2001
• Board Meetings - Doc Type: Minutes

authorization for the Fortune Reservoir Construction Project. The total
Construction Fund loan would amount to $20,600,000, not to exceed 75%
of the total project costs. Terms for the loan increase would be in
accordance with the 2001 municipal high income interest rates as outlined
in financial policy #7. Collateral for the loan will be in accordance with
financial policy #5 as adopted by the Board in September 1999, and it was
determined that the conditions listed in the board memo would be met
prior to entering into a contract for the additional loan increment of
funding. The motion was seconded by Bob Burr and approved (8-0).

lOb. Water Supply Planning and Finance - Changes in Existing Construction Fund
Loans - City of Idaho Springs, - Idaho Springs Reservoir Rehabilitation
Tape 2, Start/Stop: 0332 - 0521
Action: A motion was made by Don Schwindt to accept the amended staff
recommendation to increase the Idaho Springs Reservoir Rehabilitation
project's 1997 Construction Fund authorization by $210,000, applying a
blended interest rate in accordance with the 200 I interest rates and the
interest rates at the time of the original project authorization. Collateral
for the loan will be the City of Idaho Springs' pledge of revenues from its
water activity enterprise. The staff recommendation was amended by the
removal of condition No.2 in the staff memo, dealing with the request for
a certificate of deposit in the amount of one annual payment. The AG' s
office suggested that the city's pledge of revenues have the wording
"backed by a rate covenant and annual financial reporting" added. The
motion was seconded by Lewis Entz and approved (8-0).

II. FY 2001 - 2002 Sever ance Tax Project Changes
Tape 3, Start/Stop: 3190 - 0000
Action: Information item; no action taken.

12. Drought Planning Assessment Update
Tape 2, Start/Stop: 0000 - 0000
Action: This item was tabled until the September meeting.

13. Strategic Planning Update
Tape 2, Start/Stop: 0521 - 0958
Action: Information item; no action taken.

14. Water Supply Planning and Finance - Plateau Creek Project Slideshow
Tape 2, Start/Stop: 0958 - 2126
Action: Information item; no action taken.

15. Draft Recreational In-Channel Diver sion Rules - Discussion and Public Comments
Tape 2, Start/Stop: 2126 - 4884
Tape 3, Start/Stop: 3414 - 4123
Action: . Information item; no action taken.

Minutes July 23-24, 2001
Page 4