BOARD01398 - Laserfiche WebLink

Home Browse Search

.. .. . . ~ 'NtI1ER ~ @ -- -~ ---~ ~~I;;-~ ~ ~4VE;;M~ COLORADO WATER RESOURCES & POWER DEVELOPMENT AUTHORITY Logan Tower Bidg. - Suite 620, 1580 Logan Street, Denver, Colorado 80203 303/830-1550 . Fax 303/832-8205 . Info@cwrpda,com MEMORANDUM July 21, 2000 TO: Members, Colorado Water Conservation Board, and Dan McAuliffe FROM: Daniel L. Law, Executive Director RE: Director's Report Small Water Resources Proiects The 2000 Series A bond issue for Parker WSD ($13.3 million) and Upper Eagle Regional Water Authority ($10.7 million) was closed on March 8. With these loans, the Smail Water Resources Projects program has grown to 43 loans with an original loan value of $109.8 million. We are currently working on a bond issue for early 2001. At this time North Weld County Water District is seeking funds ($10 million) for general water system improvements. Water Pollution Control Revolving Fund The 2000 Series A bond issue for the WPCRF was closed on June 14. Borrowers included Parker WSD ($12 million), Snake River WSD ($17 million), and Three Lakes WSD ($6.5 million). The loan rate for these entities was 4.66%. A direct loan for Coiumbine WSD ($485,000) was closed on June 7. With these loans the WPCRF has grown to 79 loans with an original loan value of $343.6 million. Potential borrowers for 2001 include Cortez SD, Broomfield, Cedaredge, Fort Collins (storm water and wastewater), Baca Grande WSD, Berthoud, Littleton/Englewood, Denver Southeast WSD and the Fraser SD. The Cherry Creek Basin Authority may also seek funds next year to control non-point source pollution above Cherry Creek Reservoir. Drinking Water Revolving Fund The 2000 Series A bond issue for the DWRF was closed on May 10. Borrowers included Limon ($1.4 miilion), Pueblo ($9.55 miilion), Fountain Valley Authority ($7.6 million), Westminster ($15 million) and Evergreen Metro ($5.6 million). Loan rates for these entities ranged from 4.4% to 4.6%, A direct loan to Sedalia WSD ($326,000) was executed on March 16. A direct loan to Springfield ($425,000) is anticipated later this month. With these loans, the DWRF has grown to 41 loans with a value of $141.7 million. At this time the only potential borrower for 2001 is LaJunta. On June 2, the Board authorized the 20% state match for the public water system supervision (PWSS) set- aside from the 2000 capitalization grant. The $505,000 set-aside ($101,000 match) will permit the Water Quality Control Division to hire 4 to 6 additional staff to handle new requirements under the Safe Drinking Water Act. The Board agreed to provide this match from administrative fees on a non-reimbursable basis through 2004.