BOARD01268

• Board Meeting Date: 1/25/2005
• Description: Water Resources and Power Authority Director's Report
• Board Meetings - Doc Type: Memo

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COLORADO WATER RESOURCES &
POWER DEVELOPMENT AUTHORITY

Logan Tower Bldg. - Suite 620, 1580 Logan Street, Denver, Colorado 80203-1942
303/830-1550 . Fax [phone] . [e-mail]

MEMORANDUM

January 26, 2005

TO:

Members, Colorado Water Conservation Board, and Rod Kuharich

FROM:

Daniel L. Law, Executive Director

RE:

Director's Report

Water Pollution Control Revolvinl! Fund

For 2005, loans are expected with City of Aspen ($4 million), Boulder CountylEl Dorado
Springs LID ($1.9 million), Breckenridge Sanitation District ($8 million), Town of Breckenridge
($4.5 million), Cortez Sanitation District ($2 million), Denver SE Suburban WSD ($5 million),
Town of Eaton ($5 million), Town of Erie ($11 million), Inverness WSD ($15 million), Plum
Creek Wastewater Authority ($1.9 million), Roxborough Park Metropolitan District ($10
million) and Westminster ($20 million). Loans are expected to total $88 million. Loan capacity
for 2005 is approximately $99 million.

The.2005 capitalization grant from the U.S. EPA is $8,606,700. This is a reduction of $2 million
from the historic average. Due to budget constraints, the 2006 grant may be reduced to $6.6
million.

At its December 3'd meeting, the Board set the 2005 direct loan rate (loans under $1 million) at
3.5%.

On January 6, the Authority closed on a $36,705,000 Wastewater Revolving Fund Refunding
Revenue Bond issue. This refunding resulted in present value savings of $2.1 million for 11
borrowers.

Drinkinl! Water Revolvinl! Fund

For 2005, loans are expected with Cottonwood WSD ($10 million), City of Craig ($4.5 million),
Town of Florence ($0.8 million), Town of La lara ($0.2 million) and the Town of Victor ($0.28
million). Loans are expected to total $15.78 million. Loan capacity for 2005 is estimated at $53
million.