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<br />lOb. <br /> <br />11. <br /> <br />" <br />'-~ <br /> <br /> <br />ofthe total project costs, Terms for the loan increase would be in <br />accordance with the 2001 municipal high income interest rates as outlined e <br />in financial policy #7, Collateral ;for the loan will be in accordance with <br />financial policy #5 as adopted by!the Board in September 1999, and it was <br />determined that the conditions listed in the board memo would be met <br />prior to entering into a contract for the additional loan increment of <br />funding. The motion was seconded by Bob Burr and approved (8-0), <br /> <br />Water Supply Planning and Finance - Changes in Existing Construction Fund <br />Loans - City of Idaho Springs, - Idaho Springs Reservoir Rehabilitation <br />Tape 2, Start/Stop: '0332 - 0521 <br />Action: A motion was made by Don Schwindt to accept the amended staff <br />, <br />recommendation to increase the Idaho Springs Reservoir Rehabilitation <br />project's 1997 Construction Fund authorization by $210,000, applying a <br />blended interest rate in accordance with the 2001 interest rates and the <br />interest rates at the time of the original project authorization, Collateral <br />for the loan will be the City ofldaho Springs' pledge of revenues from its <br />water activity enterprise, The stllff recommendation was amended by the <br />removal of condition No, 2 in the staff memo, dealing with the request for <br />a certificate of deposit in the am.ount of one annual payment. The AG's <br />office suggested that the city's pledge of revenues have the wording <br />"backed by a rate covenant and annual financial reporting" added, The <br />motion was seconded by Lewis Entz and approved (8-0), <br /> <br />e <br /> <br />FY 2001 - 2002 Severance Tax Project Changes <br />Tape 3, Start/Stop: <br />Action: Information item; no action taken, <br /> <br />3190 - 0000 <br /> <br />12. Drought Planning Assessment Update <br />Tape 2, Start/Stop: 0000 - 0000 <br />Action: This item was tabled until the September meeting, <br /> <br />13. Strategic Planning Update <br />Tape 2, Start/Stop: 0521 - 0958 <br />Action: Information item; no action ta14en, <br /> <br />14. Water Supply Planning and Finance - Plateau Creek Project Slideshow <br />Tape 2, Start/Stop: 0958 - 2126 <br />Action: Information item; no action taken, <br /> <br />15. Draft Recreational In-Channel Diversion ~ules - Discussion and Public Comments <br />Tape 2, Start/Stop: 2126 - 4884 <br />Tape 3, Start/Stop: 3414 - 4123 <br />Action: . Information item; no action taken, <br /> <br />Adjourn: 5:39 p.m. <br /> <br />e <br /> <br />Minutes July 23,24, 2001 <br />Page 4 j <br />