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<br />delivery obligation under the Upper Colorado River Compact. The motion <br />was seconded by David Smith and approved unanimously (7-0). <br /> <br />13a. Water Project Construction Loan Program - Coordination - Approval of Revisions to <br />the Colorado Water Resources & Power Development Authority/CWCB MOD. <br />Tape 2, Start/Stop: 1190 - 1350 <br />Action: A motion was made by Alan Hamel that the Board adopt the proposed <br />changes to the MOU. The motion was seconded simultaneously by Eric <br />Kuhn and Bob Burr, and approved unanimously (8-0). <br /> <br />14a. Water Project Construction Loan Program - Project Deauthorizations <br />-m, Tape 1, Start/Stop: 5490 - 5960 <br />Action:Janice Sheftel recused herself from item 14a. All these items were taken together. <br />Two actions were taken. A motion was made by Alan Hamel that the Board <br />accept the staff recommendation to deauthorize Item 14a, the Dolores <br />Project. The motion was seconded by David Smith and was approved <br />unanimously (7-0). A motion was made by Eric Kuhn that the Board accept <br />the staff recommendation to deauthorize the Items 14e, f, g, h, i and m. The <br />motion was seconded by Ray Werner and was approved unanimously (8-0). <br /> <br />15a. Water Project Construction Loan Program - Financial Matters - Suggested Revisions <br />to Lending Policies and Procedures. <br />Tape 2, Start/Stop: 1356 - 2050 <br />Action: A motion was made by Eric Kuhn that the Board accept the staff recommendation on <br />the suggested revisions to lending policies and procedures. The motion was <br />seconded by Ray Werner and approved unanimously (8-0). <br /> <br />15b. Water Project Construction Loan Program - Financial Matters - Lending Rates for <br />1998. <br />Tape 2, Start/Stop: 2050 - 2381 <br />Action:A motion was made by Janice Sheftel that the Board accept the staff <br />recommendation that the Board adopt a standard lending rate of 5.0%, and <br />the schedule of 30-year lending rates as shown in Table 1 of the memo for all <br />loans recommended to the General Assembly or approved by the Board in <br />1998. Staff further recommends that, as in the last three years, the 30-year <br />lending rate be reduced for each category of loans by one-quarter of one <br />percent for all loans with maturities of 20 years or less but more than 10 <br />years, and by one-half of one percent for all loans with maturities of 10 years <br />or less. The motion was seconded simultaneously by Ray Werner and Eric <br />Kuhn and approved unanimously (8-0). <br /> <br />15c. Water Project Construction Loan Progr am - Financial Matter s - Review of Estimate of <br />Funds Available for New Projects. <br />Tape 1, Start/Stop: 5595 - 6227 <br />Tape 2, Start/Stop: 0001 - 0225 <br /> <br />Minutes November 24-25,1997 CWCB Meeting <br />