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MINUTES SAN LUIS VALLEY WATER CONSERVANCY DISTRICT BOARD MEETING December 9. 1986 The meeting was called to order by Vice President Richard Messick at 1:30 PM in the offices of Rio Grande Realty. All members were present except President Sid Klecker. Also present was manager F~qy~ Getz, attorney George Woodard, Division Engineer Steve VanDiver and assistant engineer Bob Polaski. The October financial report was submitted and approved by the board. The meeting between George Woodard, Floyd Getz and Mike Fuchs and Joe Clark on Monday December 8th was discussed and "it appears that we will be able to reach an" agreement with Mike Fuchs for storage of water in toe Fuch1sReservoir for augmen- tation"of Pinos Creek. The contract with the Colorado Water Conservation B?ard was discussed and explained by attorney Woodard. And on a motion by Russell Platt, seconded by Angelo Kurto) the following resolution was passed unanimously. tiElSOLUTION THAT WHEREAS) a proposed contract between the San Luis Valley Water Conservancy District and the Colorado Water Conservation Board concerning a feasibility report has been submitted to the San Luis Valley Water 'Conservancy District, "AND WHEREAS, San Luis Water Conservancy Di~trict desires to enter into this contract, NOW, THEREFORE, BE IT RESOLVED, that the Vice President of San Luis Valley Water Conservancy District is hereby authorized andditected to execute said Feasibility "Report Contract on behalf of the San Luis Valley Water Conservancy District) and to carry out the terms and conditions thereof on behalf of San Luis Valley Water Cons'ervancy:" Dist.ric t. The loan to buyout Buttman's contract on the water purchase was discussed. The manager explained that the payoff on the existing loan would be $185,300.00 on the 15th of December. The loan from the Bank of Monte Vista will be for $185',000.00 at 9~% interest. A water sales account will continue to be a maintained and all monies in excess of funds necessary to meet maintenance obligations collected from the sale and maintenance of water shall be applied to this loan with the Bank of Monte Vista. On a motion by "Cliff Hartman, seconded by Bob Myers the following resolution was passed unanimously. RESOLUTION WHEREAS, The San Luis Valley Water Conservancy District desires to borrow a sum of mon~y from the Bank of Monte Vista and to give security for the said loan. NOW THEREFO~E, BE IT RESOLVED, that Sid L. Klecker as President and Russel D. Pratt, as Secretary of the San Luis Valley Water ConserV8ncy District, be and they are hereby authorized to borrow the sum of $185,000.00 on behalf of the San Luis Valley Water Conservacy District form the Bank of Monte Vista, Monte Vista, Colorado, for such period of time, and upon such terms, rate of interest as may to them in their discretion seem advisable) and to execute notes and other security documents in the form required by said Bank of Monte Vista in the name of San ~uis Valley Water Conservancy District for the payment of the sum so borrowed. . BE IT FURTHER RESOLVED) that said officers are hereby authorized to pledge or mortgage any of property, real or personal, of the San Luis Valley Water Conser- vancy District, for the purpose of securing the payment of said loan, and to execute such instruments as necessary and required. BE IT FURTHER RESOLVED, that the Secretary of the San Luis Valley Water Conservancy District he and he hereby is authorized to certify to the Bank of Monte Vista the foregoing resolution aQd that the provisions thereof are in conformity with the charter and By-Laws of the San Luis Valley Water Conservancy District The manager was instructed to "complete this transaction with ~r. Buttman by the 15th of December. On a motion by Athie Daniels, seconded by Russell Pratt the Board agreed to pay the 1987 Colorado Water Congress and N.W.R.A. dues.