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.~ -2- recommend that the Board extend the project time limit for one year. The staff will . continue to review the project on an arulUal basis until a CWCB funding contract is fully executed or the Board has recommended de-authorization to the Legislature. Since these projects are all Small Project Loans, that is less than $5,000,000, and were authorized by the Board, the Board also has the authority to de-authorize them. Discussion As of November of this year, there are no authorizations for funding that are three years or more past the date of authorization and are not yet under contract. There is one project that is not past the three-year deadline, however the project sponsors are no longer interested in moving forward with a loan from the CWCB. Staffhas evaluated each of the authorizations and discussed the status of the projects with the project sponsors and their consultants. The results of these evaluations along with the staff recommendations relative to extending proj ect time limits are summarized in the following: a. Johnson and Edwards Ditch Companv - Recharge and Augmentation Proiect - The CWCB approved a Construction Fund project loan of $132,500 to the Company in 2003 for the construction of2 recharge ponds, drilling one recharge well, constructing a pipeline between the well and the ditch, and purchasing a share of reservoir water. The Company has since changed their recharge plan and has requested de-authorization of this loan (attached letter). Staff recommends that the Board consider de-authorization of this loan. . Recommendation Staff recommends the Board approve de-authorization of the loan authorizations, as described above, and as shown in the attached spreadsheet. . Flood Protection. Water Project Planning and Financing. Stream and Lake Protection Water Supply Protection. Conservation Planning