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<br />Tape 3, Start/Stop: 0001 - 0306 <br />Action: This was an information item; no action taken. <br /> <br />19a&b. Arkansas River Basin Issues - Future Water and Storage needs Assessment - <br />Trinidad Lake Operating Principles - Update <br />Tape 2, Start/Stop: 5717 - 6050 <br />Action: This was an informational item; no action taken. <br /> <br />20a. Rio Grande Basin Issues - Decision Support System Initiative <br />Tape 2, Start/Stop: 0306 - 0677 <br />Action: This was an informational item; no action taken. <br /> <br />21. South Plate River Basin Issues - <br />Tape 2, Start/Stop: 0000 - 0000 <br />Action: These items were deferred to the next meeting due to time constraints. <br /> <br />22. Water Project Construction Loan Program - Requests for Approval for New <br />Projects - GASP - New Augmentation Reservoir Located Near the Town of <br />Sedgwick. <br />Tape 4, Start/Stop: 0557 - 2383 <br />Action: A motion was made by Eric Kuhn that the Board authorize the Acting <br />Director to seek an amendment to the Construction Fund Bill this year to <br />fund up to 100% of the estimated cost of $1.7 million for this project, on <br />terms that would provide an effective return of 3% over 40 years to the <br />Construction Fund, provided that GASP agrees to develop an operational <br />plan in conjunction with other members of the South Platte Lower River <br />Group and subject to approval and continued oversight of the State <br />Engineer's office. Two amendments were added, first that the effective <br />interest rate of 3% for 40 years may include smaller payments during the first <br />10 years and second, a commitment that the CWCB and State Engineer will <br />examine potential benefits to the state and the Platte River cooperative <br />agreement over the next five years and, to the extent that those benefits can <br />be quantified, a Species Recovery grant from the Fish and Wildlife Account <br />in the CWCB Construction Fund will be recommended. Also, the current <br />staff memo is a "draft" only, and will be rewritten as per comments from the <br />AGO and SEO. The amended motion was seconded by Bob Burr and <br />approved unanimously (7-0). <br /> <br />Minutes March 10-11, 1998 <br />