BOARD02312

• Board Meeting Date: 11/19/2001
• Description: CWCB Director's Report
• Board Meetings - Doc Type: Memo

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Colorado Water Conservation Board
Department of Natural Resources
1313 Sherman Street, Room 721
Denver, Colorado B0203
Phone: [phone]
FAX: [phone]
w\Af\N.cwcb.state.co.us

STATE OF COLORADO

Q

Bill Owens
Governor
Greg f. Walcher
Executive Director

MEMORANDUM

Rod Kuharich
eWeB Director
Dan McAuliffe
Deputy Director

TO: Colorado Water Conservation Board Members

FROM: Steve Biondo, Contract Compliance Officer
Mike Serlet, P. E., Chief
Water Supply Planning and Finance Section

DATE: November 7, 2001

SUBJECT: Agenda Item 4c, November 19 - 21, 2001, BOll,rd Meeting-
Water Project Construction Loan Program
Loan Repayment Delinquency Report

Loan Repayments received relative to the Water Project Construction Loan Program have been
reviewed for the period covering July 2001 through October 2001. The effective due date of the
payment is inclusive of the Board's current 30 day late policy. Hence, the date the payment was
received was compared to the last day allowable prior to the payment being considered late.

Repayments due for the first four months of Fiscal Year 2002 totaled 83. There were four
payments not received on time during this period. Two loan payments for the City of Greeley
have not been received to date. The loan payment for Cache La Poudre Reservoir Company was
received between 30 and 60 days late. The payment for Pinon Mesa Ranches Community
Association is currently overdue for this 120-day period. Thus, the on-time performance for the
total repayments due was 95% in compliance or 5% not in compliance.

The Town of Starkville is currently two years in arrears. Coon Creek Reservoir & Ditch__
Company is currently two years in arrears. Pinon Mesa Ranches Community Association had an
interest during construction payment due in July 2000, which has not been received to date. The
first annual payment of Pinon Mesa was due in July 2001. We are currently working with each
of these borrowers to resolve their repayment problems in order to bring them into compliance
with their loan contracts.

Flood Protection. Water Project Planning and Financing. Stream and lake Protection
Water Supply Protection. Conservation Planning