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<br />- 10 - <br /> <br />The motion was approved 9-0, Greg WAlcher was not present. <br /> <br />. <br /> <br />25. Water Supply Planning and Finance Section - Changes to Existing Loans <br />Tape 3, Track 1 4:46:00 - 4:53:00 . <br />a, Low Line Ditch Company - Well Augmentation Project <br />Action: A motion was made by Greg Hoskin with a second by Carolyn McIntosh to <br />approve the staff recommendation that the existing CWCB Small Project Loan <br />to the Low Line Ditch Company be increased from $94,500 to $159,750 to <br />allow additional financing to rehabilitate the Company's diversion structure <br />on the South Platte River. The recommended term of the loan is 20 years at <br />2.5% (2.61 % Annual PerceI\tage Rate.) Security for the loan will be in <br />compliance with CWCB Loan Policy #5 (Collateral), The loan will be funded <br />from the Construction Fund, <br /> <br />The Board further recommends that final approval of the loan be conditioned <br />upon all other standard contracting provisions of the CWCB, including the 1 % <br />loan service fee charged in accordance with CWCB Policy #16, The <br />maximum loan amount may,be increased to $161,347,50 if the borrower <br />elects to finance the 1 % loart service fee. <br /> <br />The motion was approved 9cO, Greg Walcher was not present. <br /> <br />26, <br /> <br />Item was deleted from Agenda <br /> <br />. <br /> <br />27. Forest Service Bypass Flows in Special Use Permits <br />Tape 3, Track 1 4:00 - 28:00 <br />Action: A motion was made by Greg Hoskin with a second by David Smith to <br />authorize staffto take legal action with respect to the Arapahoe/Roosevelt <br />National Forest plan errata concerning by-pass flows and to prepare a legal <br />strategy to present at the ne~t meeting regarding requiring bypass flows as <br />part ofthe forest permitting process, Motion was approved 9-0, <br /> <br />Greg Walcher was not present. <br /> <br />Consent Agenda 3a, <br />Tape 3, Track 1 4:53:00 - 5:18:00 <br />Action: A motion was made by Greg Hoskin with a second by Harold Miskel to <br />approve the staff recommendation concerning a revision to financial policy <br />#16 under Procedure, Loan Contracts: A service fee of one percent (1 %) of <br />the amount loaned will be c~arged, The service fee will be added to the loan <br />amount at the time of the prpject and will be transferred into a CWCB <br />operational account. In no 4vent shall the service fee exceed one percent (1 %) <br />of the actual loan amount. Changing the collection ofthe 1 % loan service <br />charge from the date of Contract execution to the date of substantial <br />completion, . <br /> <br />Colorado Water Conservation Board <br />Flood Protection. Water Project Plarming and Finance. Stream and Lake Protection <br />Water Supply Protectio~. Conservation Plamring <br />