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<br />assessment increase is necessary to make the loan <br />payment, and that if any portion of the water use <br />changes to municipal, a blended rate will be <br />calculated based on rates in effect at that time <br />and will become effective at the time the chance <br />occurs. The amended motion was seconded by Ray <br />Werner and approved unanimously (8-0). <br />It was decided that these two issues be added to <br />the standard contracting terms, and that the <br />standard contract terms will be provided to the <br />Board for their information at the next meeting. <br /> <br />9a. Executive Session - Background Briefings <br />Tape 2, Start/Stop: 0272 - 1884 <br />Action: Janice Sheftel indicated that she would not <br />recuse herself from item 9ai v. After a briefing <br />provided by CWCB staff and Attorney General's <br />Office staff, and following public comment, a <br />motion was made by Janice Sheftel that the Board go <br />into Executive Session. The motion was seconded by <br />David Smith and approved unanimously (8-0), and the <br />Board went into Executive Session. <br /> <br />Adjourn 12:10 p.m. <br /> <br />9c. <br /> <br />Report from Executive Session <br />Tape 2, Start/Stop: <br />Action: There were no actions <br />Executive Session. <br /> <br />taken <br /> <br />1884 - 1945 <br />as a result <br /> <br />of <br /> <br />10. <br /> <br />Water Project Construction Loan Program <br />Test Policy Revision. <br /> <br />Proposed Parity <br /> <br />Tape 2, <br />Action: <br /> <br />Start/Stop: 1955 - 2100 <br />A motion was made by Alan Hamel that the Board <br />accept the staff recommendation that the Board <br />adopt the revised guidelines for parity status and <br />the revised lien test and authorize the Director to <br />approve or deny parity debt with other lenders in <br />accordance with the revised guidelines and lien <br />test. The motion was seconded by Ray Werner and <br />approved unanimously (8-0). <br /> <br />11a. Water Project Construction Loan Program <br />Reimbursable Projects Denver Museum of <br />Denver Basin Aquifers Research Project. <br />Tape 2, Start/Stop: 2100 - 2641 <br />Action: A motion was made by Ray Werner that the Board <br /> <br />Proposed Non- <br />Natural History <br /> <br />Minutes January 28-29, 1998 <br />