BOARD01970

• Board Meeting Date: 7/21/1997
• Description: Summary Minutes and Record of Decisions - July 21-22, 1997
• Board Meetings - Doc Type: Minutes

for lending rates in 1998, including an issue of under what circumstances the
Board's rates and those of the Power Authority might be equal. The motion
was seconded by Elizabeth Rieke and approved unanimously (10-0).

13f. Water Project Construction Loan Program - Modifications to Previous Loan
Authorizations - Town of Erie
Tape 2, Start/Stop: 2164 - 2280
Action:A motion was made by Janice Sheftel that the Board accept the staff
recommendation to consent to a parity lien for proposed bond issue's lien on
the Town of Erie's revenues which are pledged to repay the loans from
CWCB, according to the conditions listed in the staff memo. The motion was
seconded by Alan Hamel and approved unanimously (10-0).

13g. Water Project Construction Loan Program - Modifications to Previous Loan
Authorizations - City of Fort Morgan
Tape 2, Start/Stop: 2280 - 2994
Action: Item 26a was included in this item. A motion was made by Janice Sheftel that the
Board approve the request for parity. The motion was seconded by Alan
Davey and approved unanimously (10-0). A second motion was made by
Elizabeth Rieke to defer consideration of the request for $4 million for 1998
from item 26a. The motion was seconded by Ray Werner and approved
unanimously (10-0).

13h. Water Project Construction Loan Program - Modifications to Previous Loan
Authorizations - Lower Arkansas Water Management Association (LAWMA)
Tape 2, Start/Stop: 3000 - 3266
Action: This item was discussed at length; no action was taken.

14a. Water Project Construction Loan Program - Feasibility Studies - Julesburg Irrigation
District.
Tape 2, Start/Stop: 3266 - 3339
Action: A motion was made by Patricia Wells to accept the staff recommendation
that the Board approve a Small Dam Site grant of $5,000 for a feasibility
study to evaluate additional storage within the Julesburg Irrigation system.
The motion was seconded by David Smith and approved unanimously
(10-0).

15a. Water Project Construction Loan Program - Horse Creek Basin Account - Preisser.
Tape 2, Start/Stop: 3339 - 3815
Action: A motion was made by Elizabeth Rieke to approve a loan from the Horse
Creek Basin account for $90,000 at an interest rate of 4.1 % for 30 years,
according to the amended staff recommendations, contingent upon settlement
with the State Engineer's Office, and with the understanding that this is a
continuation of a 1997 loan, not a new loan. The motion was seconded by

Minutes July 21-22,1997 CWCB Meeting