PROJ00546

• Contract/PO #: C150005
• Contractor Name: Loveland, City of
• Contract Type: Loan
• Water District: 0
• County: Larimer
• Bill Number: HB 98-1189
• Loan Projects - Doc Type: Feasibility Study

specific research memo prepared by the Attorney General's Office
concerning the Yampa River's delivery obligation under the Upper
Colorado River Compact. The motion was seconded by David Smith and
approved unanimously (7-0).

13a. Water Project Construction Loan Program - Coordination - Approval of Revisions
to the Colorado Water Resources & Power Development Authority/CWCB MOU.
Tape 2, Start/Stop: 1190 - 1350
Action: A motion was made by Alan Hamel that the Board adopt the proposed
changes to the MOU. The motion was seconded simultaneously by Eric
Kuhn and Bob Burr, and approved unanimously (8-0).

14a. Water Project Construction Loan Program - Project Deauthorizations
om, Tape 1, Start/Stop: 5490 - 5960
Action: Janice Sheftel recused herself from item 14a. All these items were taken
together. Two actions were taken. A motion was made by Alan Hamel
that the Board accept the staff recommendation to deauthorize Item 14a,
the Dolores Project. The motion was seconded by David Smith and was
approved unanimously (7-0). A motion was made by Eric Kuhn that the
Board accept the staff recommendation to deauthorize the Items 14e, f, g,
h, i and m. The motion was seconded by Ray W~er and was approved
unanimously (8-0).

ISa. Water Project Construction Loan Program - Financial Matters - Suggested Revisions
to Lending Policies and Procedures.
Tape 2, Start/Stop: 1356 - 2050
Action: A motion was made by Eric Kuhn that the Board accept the staff
recommendation on the suggested revisions to lending policies and
procedures. The motion was seconded by Ray W~er and approved
unanimously (8-0).

ISb. Water Project Construction Loan Program - Financial Matters - Lending Rates for
1998.
Tape 2, Start/Stop: 2050 - 2381
Action: A motion was made by Janice Sheftel that the Board accept the staff
recommendation that the Board adopt a standard lending rate of 5.0%, and
the schedule of 30-year lending rates as shown in Table 1 of the memo for
all loans recommended to the General Assembly or approved by the Board
in 1998. Staff further recommends that, as in the last three years, the 30-
year lending rate be reduced for each category of loans by one-quarter of
one percent for all loans with maturities of 20 years or less but more than
10 years, and by one-half of one percent for all loans with maturities of 10
years or less. The motion was seconded simultaneously by Ray Werner and
Eric Kuhn and approved unanimously (8-0).

Minutes November 24-25, 1997 CWCB Meeting