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<br />I" '"'1' <br />~ ' <br /> <br />14. <br /> <br />Instream Flow Program - Fish Creek Donation Agreement <br />Tape 2, Start/Stop:.. . 0000 - 0000 <br />Action: TIils item was deleted from the agenda. <br /> <br />, <br /> <br />e <br /> <br />ISa. Water Project Construction Loan Program - Changes in Existing Loans - Hawkeye <br />Lateral Ditch Company <br />Tape 2, Start/Stop: 1372 - 1466 <br />Action: A motion was made by David Smith to accept the staff recommendation to <br />approve a loan increase to the Hawkeye Lateral Ditch Company's loan, with <br />no change in the project scope, in the amount of$11,112.75 for a total loan <br />amount of$154,112.75. The motion was seconded by Janice Shefte1 and <br />approved unanimously (9-0). <br /> <br />ISb. Water Project Construction Loan Program - Changes in Existing Loans - Chatfield <br />South Water District <br />Tape 2, Start/Stop: 1193 -1372 <br />Action: Patricia Wells recused herself from this item. A motion was made by Alan <br />Hamel to accept the staff recommendation that the tenns of the existing <br />Construction Fund Authorization to the Chatfield South Water District be <br />revised to allow it to be used to pay for up to 100% of the actual cost to <br />purchase water rights and to pay for the usual and customary costs of legal <br />and engineering services needed to transfer these water rights to District use, <br />and all other tenns remain unchanged. The motion was seconded by Ray a <br />Werner and approved unanimously (8-0). ,., <br /> <br />ISc. Water Project Construction Loan Program - Changes in Existing Loans - Beaver <br />Reservoir Company <br />Tape 2, Start/Stop: 1466 - 2843 <br />Action: A motion was made by Janice Sheftel that contingent upon documentation <br />of increases in assessments that will provide assurance to the Board that the <br />company has the ability to make the required payments, the Board should <br />accept the staff recommendation that the feasibility study loan go from 0%- <br />30 years to 0%-40 years and that half of the $12,023.63 payment due under <br />the loan be made and the other half be reamortized. The motion was <br />seconded by Eric Kuhn, but after lengthy discussion the motion was <br />withdrawn and the item tabled. If the Company can give evidence that the <br />assessments for 1998 are sufficient for it to meet its loan obligations into the <br />future, the Board could probably work with the company, but will not take <br />action until that documentation is presented. <br /> <br />Minutes May 1 ]-]2, 1998 <br /> <br />e <br /> <br />......- <br />