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" -....., Members, CWCB and Rod Kuharich July 14, 2005 Page 2 00 At the August 26th meeting the Board will be reviewing loan requests from Bristol Water and Sanitation District ($200,000), the Town of Pritchett ($200,000) and the Town of Sedgwick ($800,000). The 2005 loan capacity for the program is approximately $60 million. No prioritization will be necessary for this program. Small Water Resources Proiects and Water Revenue Bonds A $2.3 million loan to the City of Fort Lupton for the purchase of Windy Gap shares was authorized at the January 28 meeting, The Water Revenue Bonds, Series B. were sold at the end of March, The rate for the 20,year loan was 4.38%. At the March 4 meeting, the Authority Board authorized an $8.2 million loan to the City of Fountain for the acquisition ofland for future water storage, purchase of water rights. a well and a booster station, The Water Revenue Bonds, Series C, were sold in May. The rate for the 30-year loan was 4,56%. A $100 million loan request for various water infrastructure projects is expected from the City of Aurora, The Board will review the request on August 26. . Animas - La Plata Proiect / La Plata Escrow Water sales contracts were executed in March with the City of Durango (1,900 ac-ft of depletion) and with the Animas-La Plata Water Conservancy District (700 ac,ft of depletion). A ceremony, celebrating the placement of the first embankment material, has been scheduled for August 12. Funding for 2006 is anticipated to be $60 million. The Animas-La Plata Committee of the Board met on June 2nd to discuss the recently completed Long Hollow Reservoir Feasibility Study. After considerable discussion the Committee decided not to seek an outside review of the cost estimate at this time. Other issues were discussed including: contingency funding in the case of insufficient funds to complete the project, identification of project beneficiaries, ownership and sponsor's revenue raising capability. The Board will be meeting in October with potential local sponsors to discuss the project further. Lel!islation Senate Bill 05,0 11, adding and deleting projects from the respective project eligibility lists for the Drinking Water Revolving Fund and the Water Pollution Control Revolving Fund, and Senate Bill 05, 033, a bill changing the project authorization process from a bill to a joint resolution, were signed by the Governor. Stratel!V and Policv Review Survev Utilizing a work group comprised of representatives from the Authority, Water Quality Control Division. and the Department of Local Affairs, the Board conducted a survey over the last several months of more than 60 governmental agencies to evaluate the Authority's strategies and enabling policies for operating the Drinking Water Revolving Fund, the Water Pollution Control Revolving Fund, the Water Revenue