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<br />Adjourn 12: 12 p,m, <br /> <br />Janice Sheftel that the Board go into Executive Session, The motion was <br />seconded by David Smith an approved unanimously (10-0), <br /> <br />7b, Report from Executive Session <br />Tape 2, Start/Stop: 2199 - 2286 <br />Tape 3, Start/Stop: 3960 - 4037 <br />Action: All the Executive Session items could not be discussed at one point, therefore <br />there are two separate reports from this item. A motion was made by Allen <br />Davey that the Hovenweep decrees in Cases be approved, The motion was <br />seconded by David Smith and approved unanimously (6-0), A motion was <br />made by Alan Hamel that the Board accept the proposed stipulations with the <br />City of Grand Junction in 94CW330, The motion was seconded by Ray <br />Werner and approved unanimously (6-0), <br /> <br />8a, Water Project Construction Loan Program - Powder horn Metro District 1 Utility <br />Enterprise <br />Tape 2, Start/Stop: 2286 - 3356 <br /> <br />Action: <br /> <br />A motion was made by David Harrison that the Board accept the staff <br />recommendation with the change that paragraph #1 be changed to read "the <br />loan amount in the amount of $525,000 not to exceed 75% of the actual <br />project costs be approved for Powderhorn Metropolitan Districts 1 and 2, and <br />Powderhorn Metro Districts 1 and 2 Utility Enterprises", and under item No, <br />4, Collateral, "that security for the loan shall be collateral interest in a stream <br />of income derived from Powderhorn Metro District Utility Enterprises, and <br />an interest in real estate and/or water rights of value equal to the loan <br />amount", on condition of appraisal in #4, The motion was seconded by Alan <br />Hamel, but the vote was 5-3, (Janice Sheftel came in late, and did not vote) <br />so the motion failed, After further discussion, with Janice Sheftel asking <br />questions in order to be fully informed on the subject, a motion was made by <br />David Harrison to reconsider the first motion, as originally amended, <br />including a requirement that the value of the collateral be supported by an <br />appraisal, The motion was seconded by Alan Hamel and approved (7-2), <br />Staff was asked to report back to the Board on this issue, <br /> <br />8b, Water Project Construction Loan Program - Pinon Mesa Ranches Community <br />Association <br />Tape 2, Start/Stop: 3356 - 4180 <br />Action: Janice Sheftel recused herself from this item. A motion was made by David <br />Harrison that the Board accept the staff recommendation to approve this <br />issue, with the provision that the borrower (i,e, the Association) to require <br />representations from its members that they will not violate the Safe Drinking <br />Water Act. The motion was seconded by Patricia Wells, David Harrison <br />amended the motion to show the amount to be approved at $206,000, The <br /> <br />Minutes January 29-30, 1997 CWCB Meeting <br />