BOARD02562

• Board Meeting Date: 5/11/1998
• Description: Water Resources and Power Authority Director's Report
• Board Meetings - Doc Type: Memo

'1

COLORADO WATER RESOURCES &
POWER DEVELOPMENT AUTHORITY

Logan Tower Bldg. - Suite 620,1580 Logan Street, Denver, Colorado 80203-1942
303/830-1550 FAX [phone]

MEMORANDUM

Maye, 1998

TO:

Members, Colorado Water COnservation Board, and Chuck Lile

FROM:

Daniel L. Law, Executive Director

RE: .

Director's Report .

Small Water Resources Proiects

Senate Bill 98-078, sponsored by Senator Ament and Representative Entz, passed the
legislature and was signed by the Governor on April 2.

At the May 1 meeting, the Authority's Board approved North Weld County Water District for
a $4.9 million loan. Morgan County Quality Water District ($2.9 million) was approved for
a loan increase at the May meeting as well. Morgan County's election question passed on
May 5. Additional borrowers for a possiblE3 September bond issue include the Town of
Dillon and the City of Gunnison.

Water Pollution Control Revolving Fund

Staff closed the 1998 Series A and B bond issue in April which funded $55.7 million in loans
to Trinidad ($6.7 million), Buena Vista Sanitation District ($3.9 million), Eagle River Water
and Sanitation District ($17.7 million), Colorado Springs ($22.2 million), Westminster ($4.1
million) and Evans ($1.1 million). Interest rates for these loans ranged from 3.94% to
4.06%. With these loans, the total loan pool is $260,000,000.

The joint resolution (SJR98-004), modifying the WPCRF Project Eligibility List, was signed
by the Governor on March 16.

Drinking Water Revolving Fund

Staff is working on a June bond issue for $16.6 million in loans to Fort Morgan ($15.2
million) and Buena Vista ($1.4 million). With these loans the total loan pool would be $49
million.

The joint resolution (HJR98-1007), modifying the DWRF Project Eligibility List, was signed
by the Governor on February 17.