BOARD01850

• Board Meeting Date: 1/27/1999
• Description: CF Section - Revisions to the Guidelines for Interest Rate Setting
• Board Meetings - Doc Type: Memo

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Colorado Water ConseNation Board
Department of Natural Resources
721 Centennial Building
, 313 Sherman Street
Denver, Colorado 80203
Phone: [phone]
fAX: [phone]

STATE OF COLOMDO

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Bill Owens
Governor

Greg E. Walcher
Executive Director. DNR

Peter H. Evans
Acting Director, CWeB

MEMORANDUM

TO:

Colorado Water Conservation Board Members ch.

William P. Stanton, P .E., Chief, Project Planning and Construction Section ~'

FROM:

DATE:

January 15, 1999

SUBJECT: Agenda Item lOc, January 27-28, 1999 Board Meeting -
Water Project Construction Loan Program -
Revisions to the Guidelines for Interest Rate Setting

Introduction

This memo consolidates past revisions to the rate setting aspect of the Board's Lending Policies
as described in Section 1.3.2 of the Board's Guidelines for Financial Assistance through the
Colo'rado Water Conservation Board Construction Fund, dated August 1994 (copy attached).

Background

Beginning with the November 1994 meeting, the Board has been using a standard interest rate
structure based on the type of project (agricultural, municipal, and conunercial) and median
household income for municipal projects. This change in policy was documented in a memo to
the Board dated January 9, 1995 (copy attached). The standard lending rate for projects
reconunended to the General Assembly has been based on this structure and determined annually
at the November meeting.

At the November 1997 meeting, the Board adopted further revisions to the lending policies and
procedures as documented in a Board memo dated November 14, 1997 (copy attached).

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