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<br />8. <br /> <br />Use of Storage Rights to Preserve 1:45 - 2:38 p.m. _ <br />or Enhance Instream Values ." <br />Tape 2 Start/Stop 0180 - 3600 <br />Action: A substitute motion was made by Ken Salazar that the Board <br />communicate to John Fetcher and the Yampa Valley Water Users that <br />it did not get into the Parks Case, because of what happened in the <br />Supreme Court clarification of the law which was the basis for not <br />intervening in the Parks water rights application that was filed. <br />Additionally, that this item be On the agenda for discussion at the <br />November meeting of the Water Conservation Board. The motion was <br />seconded by Tommy Thomson and passed unanimously (9-0). <br /> <br />9. Construction Fund Issues: <br /> <br />9a. Southern Pipeline Project, Interest 2:39 - 3:09 p.m. <br />Rate for the Town of Erie, Colorado <br />_ Tape 2 and Small Tape 3700 - Tape End <br />Action: A motion was made by David Harrison that the Board approve the <br />loan to Erie in at least the amounts previously authorized (5% plus <br />$400,000 5 percent option 40 years 4 percent of an undetermined. <br />grant) and that the loan be done in stages so that there is a first phase <br />line advance of money made right away at the 4 percent rate. Also <br />that the loan be explicitly adjustable by the Board at a later date if the <br />Board determines the entire package should be packaged at a more - <br />appropriate loan rate. That the Board mayor may not change the . <br />total amount of the loan or wrap the entire loan into a Northern loan <br />at a later time. More simply, that the Board advance Erie an amount <br />at 4 percent rate and then wrap it back into the overall loan at the 5 <br />percent rate but can maybe put full loan at 4 percent. Currently the <br />amount is $1,450,000 under the two parts of the project. The motion <br />was seconded by Tyler Martineau and passed unanimously (8-0). <br /> <br />9b. Long-Tenn Financial Plan - <br />Status Repol.t <br />Tape 3 Start/Stop <br />Action: No action was taken. <br /> <br />3:09 - 3:55 <br /> <br />217 - <br /> <br />9c. Emergency lnfrastructure Repair <br />Applications <br />Tape 1 Start/Stop <br />Action: No action was taken. <br />Adjourn 5:00 p.m. <br /> <br />4:58 - 5:16 p.m. <br /> <br />2287 - 3554 <br /> <br />Draft Minutes September 9 - 10, 1993 CWCB Meeting <br /> <br />e <br /> <br />4 <br />