BOARD01199

• Board Meeting Date: 1/20/1993
• Description: Agenda or Table of Contents, Minutes, Memos. Partial.
• Board Meetings - Doc Type: Meeting

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condisder purchasing the remaining capacity that's not contracted for in Round II, so he
has interest in participating in just this issue.

Tom Gibbens from the Bureau conveyed that the Bureau would be willing to be flexible
in some type of payment schedule, should the CWCB be interested in the purchase of
these water rights. Additional general discussion regarding payments, operation and
maintenance and regulatory concerns continued between Tom Gibbens, Bob Jackson, Jim
Lochhead, David Harrison, David Robbins and Ken Salazar. Motions were made by Jim
Lochhead to: (1) Instruct staff to move forward with an expression of interest to the
Bureau of Reclamation, and to do that in conjunction with, and coordination with the
River District and the Southeast District; (2) that the staff also make direct contact with
Southeast and the River District to receive formal input from them toward what types of
agreements that the State and those two districts should work towards in the eventual
acquisition of the remaining capacity; (3) that the Attorney General's Office review the
authority of the Board to enter into a contract of this sort, and that staff also review the
operating principles in authorizing legislation, the Recovery Plan, toward a view of to
what uses this water could be put by the State, by the River District, or by other water
users in western Colorado and that a report be provided on those issues at the next Board
meeting; and (4) the financial aspects of when payments would be made, or what under
what Bill the Board would put in would be dealt with in the context of the discussion
later in the Construction Fund. The motions were seconded by Leo Eisel, and passed
unanimously (8-0), with David Harrison.

7. Audit Status Report (3:50 - 3:50 p.m.)

Chuck Lile reported this was covered under the Director's Report, Agenda Item 4a.

Break (3:50 - 4:10 p.m.)

Call to Order (4:10 - 4:11)

12a.

Chairman Martineau called the meeting back to order at 4:10 p.m. and there was a
quorum. Present were Salazar, Harrison, Jackson, Martineau, Sheftel, Wright and
Meyering. Absent were Smith, Eisel, Norton and Olson. Gimbe] sat at the table for
Norton, and Eisel returned at 4:16 p.m,
Construction Fund Program - Criteria for Establishing Interest Rates on Loans (4: II
- 4:4] p,m,)

Bob Jackson, Janice Sheftel and David Harrison have been developing the criteria for
establishing interest rates and terms for the Board's loans from the Construction Fund,
There was a presentation of the current status of this report by Bob Jackson, relating
additional considerations that might be included in the report, such as scheduling for
requests to the Board, types of approval needed from the legislature, assignment of
priorities for activities requesting funding, determination of ranges for grants and loans,

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