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<br />, . <br /> <br />e <br /> <br />e <br /> <br />e <br /> <br />Agenda Item 3b, September 25 . 26, 2000, Board Meeting - <br />Water Project Construction Loan Program <br />Loan Repayment Delinquency Report <br /> <br />Loan Repayments received relative to the Water Project Construction Loan Program have been <br />reviewed for the period covering July 2000 through August 2000. The effective due date of the payment <br />is inclusive of the Board's current 30 day late policy. Hence, the date the payment was received was <br />compared to the last day allowable prior to the payment being considered late. <br /> <br />Repayments due for the first two months of the Fiscal Year 2000 totaled 45. There was one <br />payment not received on time during this period. The loan payment for the City of Fort Morgan was <br />received between 31 and 60 days late. Thus, the on-time performance for the total repayments due was <br />98% in compliance or 2% not in compliance. Procedures have been recently implemented to ensure a <br />more successful on-time performance result as depicted above. <br /> <br />The Town of Starkville has made one partial payment in August 2000. The Town is currently <br />two years in arrears. Coon Creek Reservoir & Ditch Company made a payment for the Fiscal Year <br />2000; however, Coon Creek is currently two years in arrears. Pinon Mesa Ranches Community <br />Association had an interest during construction payment due in July 2000, which has not been received <br />to date. The first annual payment of Pinon Mesa will be due in June 2001. We are currently working <br />with each of these borrowers to resolve their repayment problems in order to bring them into compliance <br />with their loan contracts. <br />