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<br /> <br />STATE OF COLORADO <br /> <br />. Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866-4474 <br />www.cwcb.state.co.us <br /> <br /> <br />MEMORANDUM <br /> <br />Bill Owens <br />Governor <br /> <br />TO: <br /> <br />Colorado Water Conservation Board Members <br /> <br />GIegE. Walcher <br />Executive Director <br /> <br />FROM: <br /> <br />Steve Biondo, Compliance Specialist <br />Mike Serlet, P. E., Chief <br />Water Supply Planning and Finance Section <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />DATE: <br /> <br />January 10, 2003 <br /> <br />SUBJECT: <br /> <br />Agenda Item 3c, January 22 - 23, 2003, Board Meetiug - <br />Water Project Coustruction Loan Program <br />Loan Repayment Delinquency Report <br /> <br />, <br /> <br />Loan Repayments received relative to the Water Project Construction Loan Program have been <br />reviewed for the period covering July 2002 through December 2002. The effective due date of <br />the payment is inclusive of the Board's current 30 day late policy. Hence, the date the payment <br />was received was compared to the last day allowable prior to the payment being considered late. <br /> <br />Repayments due for the first six months of Fiscal Year 2003 totaled 113. There were two <br />payments not received on time during this period. The loan payment for Paradox Valley Canal <br />and Reservoir Company was received between 30 and 60 days late. The payment for Pinon <br />Mesa Ranches Community Association has not been received to date. Thus, the on-time <br />performance for the total repayments due was 98% in compliance or 2% not in compliance. <br /> <br />The Town of Starkville and Coon Creek Reservoir & Ditch Company are currently two years in <br />arrears. We are currently working with each of these borrowers to resolve their repayment <br />problems in order to bring them into compliance with their loan contracts. Pinon Mesa Ranches <br />Community Association is now in default of their loan obligation. <br /> <br />\ <br /> <br />Flood Protection. Water Supply PlalUling and Finance. Stream and Lake Protection <br />Water Supply Protection. ConselVation and Drought Planning <br />