BOARD02034

• Board Meeting Date: 1/29/1997
• Description: Summary Minutes and Record of Decisions - January 29-30, 2001
• Board Meetings - Doc Type: Minutes

second approved the amended motion, and the motion was approved (8-1),

8c, Water Project Construction Loan Program - Purgatoire River Water Conservancy
District
Tape 2, Start/Stop: 4207 - 4868
Action: A motion was made by David Meyring that the Board commit $500,000 with
the understanding that they will have a future commitment of $1,000,000
under the conditions of the staff recommendations, The motion was
seconded by Alan Hamel and approved unanimously (10-0),

8d, Water Project Construction Loan Program - San Luis Valley Canal Co,
Tape 2, Start/Stop: 4886 - 5175
Action: A motion was made by Allen Davey to accept the staff recommendation for a
loan in the amount of $188,000, at an interest rate of 3,75% for 30 years, The
motion was seconded by David Harrison and approved unanimously (10-0),

8e, Water Project Construction Loan Program - Town of La Veta
Tape 2, Start/Stop:
Action: This item was deleted from the agenda

8f. Water Project Construction Loan Program - City of Loveland - Green Ridge Glade
Reservoir Improvement
Tape 2, Start/Stop: 5187 - 6248
Tape 3, Start/Stop: 0001 - 0286
Action: A motion was made by David Harrison that the Board act on the feasibility
study portion of this item, and that the Board authorize $50,000 for this; and
that it be indicated in this motion the Board's general support of the project,
but also the Board's desire to participate in the major capitol consultation
only after careful planning with other financial entities before it commits to
further funding, The motion was seconded by David Smith and approved
unanimously (10-0),

8g, Water Project Construction Loan Program - Horse Creek Water Users Association
Tape 3, Start/Stop: 0297 - 1254
Action: David Harrison recused himself from this item. A motion was made by Alan
Hamel to accept the staff recommendation which would consist of:
A construction fund account (Horse Creek Basin Account) in an amount of
$915,000 to be recommended to allow the CWCB to make loans, not

to exceed actual total costs, to junior well water users and groups of well
users in the Horse Creek Basin, to purchase water rights and to pay the costs
of setting up and adjudicating augmentation plans; that a construction fund
loan, funded from the Horse Creek Basin account, in an amount of $825,000,
not to exceed the actual total costs, for the Horse Creek Water Users

Minutes January 29-30, 1997 CWCB Meeting