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<br />i <br /> <br />in pipeline, and that loan approval be contingent upon the Company <br />receiving official ASCS cost share commitment for the project and <br />subsequently applying this cost share to reducing the principal amount <br />of the CWCB loan to 75%, or less of total project costs. The motion <br />was seconded by David Smith and the motion passed unanimously (8- <br />0). <br /> <br />" <br /> <br />e <br /> <br />David Harrison and Janice Sheftel Were absent. <br /> <br />9n, Bull Basin Reservoir #2 4:07 - 4:10 p.m. <br />Tape 3, Start/Stop: 1689 - 1697 <br />Action: A motion was made by Tyler Martineau to ratify the staff <br />recommendation 1. that a construction fund loan in amount of $25,000 <br />(4%, for 30 years) be approved for the owners of the Bull Basin <br />Reservoir #2 for the purpose of rehabilitating the outlet for that dam, <br />and 2. that loan approval be contingent upon acceptance of the plans <br />and specifications by the office of the State Engineer, and upon the <br />owners obtaining the necessary permits for construction access to the <br />subject dam, and 3. that loan approval be contingent upon evaluation <br />of the owners' financial condition, indicating adequate ability to repay <br />the loan, and 4. that loan approval be contingent upon the owners <br />forming a partnership or company that has the capacity to contract <br />with the CWCB for repayment of the subject loan. The motion was <br />seconded by David Meyring and the motion passed unanimously (7-0). <br /> <br />Janice Sheftel, David Harrison and Ken Salazar were absent. <br /> <br />. <br /> <br />90, Jackson Lake <br />Tape 3, Start/Stop <br /> <br />4:11 - 4:15 p.m. <br />1698 - 1880 <br /> <br />Action: <br /> <br />A motion was made by Tyler Martineau to ratify the staff <br />recommendation 1. that a construction fund loan in amount of $1.0 <br />million but not exceed 75% of total project cost (4%, 30 years) be <br />approved for the Jackson Lake Reservoir and Irrigation Company, for <br />the rehabilitation of the upstream face of the Jackson Lake Dam, and <br />2. that this loan be contingent upon review of the Company's financial <br />condition and ability to pay, and 3. that this loan be contingent upon <br />acceptance of the plans and specifications by the office of the State <br />Engineer. The motion was seconded by David Smith and the motion <br />passed unanimously (8-0). <br /> <br />Janice Sheftel and Ken Salazar were absent. <br /> <br />Draft Minutes November 9 - 10, 1993 CWCB Meeting <br /> <br />8 <br /> <br />. <br />