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<br />, <br /> <br />.6. <br /> <br />revenues backed by assessment covenant and other Company property <br />adequate to assure repayments of the loan, in accordance with CWCB Loan . <br />Policy #5. <br /> <br />Final approval of the loan is conditioned upon standard contracting provisions <br />ofthe CWCB. <br /> <br />Motion was approved 7.0. Greg Walcher, Carolyn McIntosh and Harold <br />Miskel were not present. <br />f. Orphan Wells of Wiggins, LLC - Well Augmentation Project <br />Tape I, Track 2 2:53:18 - 3:II :57 <br />Action: A motion was made by Don Schwindt with a second by Bob Burr to approve <br />staffrecommendation for a CWCB Small Project loan from the Construction <br />fund in amount up to $1,048,077 ($1,037,700 for project costs and $10,377 <br />for the 1% Loan Service Fee, in accordance with eWCB Loan Policy #16) to <br />the Orphans Wells of Wiggins LLC. The loan is for up to 90% of the cost to <br />construct a well augmentation and groundwater recharge proj ect. The <br />recommended loan terms are 30 years at 2.5% (2.58% Annual Percentage <br />Rate.) Security for the loan will be a pledge of assessment revenues backed <br />by assessment covenant and other Company property adequate to assure <br />repayment of the loan, in accordance with CWCB Loan Policy #5. <br /> <br />Final approval ofthe loan is conditioned upon standard contracting provisions <br />ofthe CWCR . <br /> <br />Motion was approved 7-0. Greg Walcher, Carolyn McIntosh and Harold <br />Miskel were not present. <br /> <br />9. Water Supply Planning and Finance - En-bloc Non-Reimbursable Investment <br />Recommendations <br />a. CWCB/Division of Water Resources - Satellite Monitoring System <br />b. CWCB.lrrigated Acreage Update - Rio Grande Basin <br />c. CWCB-Document Imaging Program <br />d. CWCB.Colorado Floodplain Map Modernization <br />e. CWCB- Weather Modification Program <br />f. CWCB.Flood Hazard Mitigation Program <br />Tape 1, Track 2 3:II:57 - 3:15:20 <br />Action: A motion was made by Don Schwindt with a second by Keith Catlin to approve staff <br />recommendation that the Finance Committee has reviewed all of these Construction <br />Fund Non.Reimbursable investment applications on September 22, 2003 and request <br />the Board approve these projects. Motion was approved 8.0. Greg Walcher and <br />Carolyn McIntosh were not present. <br /> <br />10. Water Supply Plauning and Finance - Referred Non -Reimbursable Investments <br />a. Tamarisk Coalition - Statewide Tamarisk Field Survey <br />Tape I, Track 2 3:15:20-3:34:29 . <br />Action: A motion was made by Greg Hoskin with a second by Keith Catlin to approve staff <br />recommendation that the Board request the General Assembly to authorize $52,500 <br />Flood Protection. Water Project Planning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation Planning <br />