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<br />15c. Water Pro]"ect Construction Loan Program - Financial Matters - Review of Estimate <br />of Funds Available for New Projects. <br />Tape I, Start/Stop: 5595 - 6227 <br />Tape 2, Start/Stop: 0001 - 0225 <br />Action: This was an information item; no action taken. <br /> <br />16a. Water Project Construction Loan Program. Requests for Approval for Revised <br />Loans on Approved Projects - Purgatoire River Water Cons. District - Trinidad <br />Project Ref'"mance. <br />Tape 2, Start/Stop: 2381 - 2745 <br />Action: A motion was made by Allen Davey to accept the staff recommendation <br />to increase the Purgatoire District's authorization in SB-97-008 from <br />$500,000 to $1,000,000 for the purpose of retiring the District's existing <br />indebtedness to the Bureau of Reclamation for irrigation capacity in the <br />Trinidad Reservoir Project. The motion included the loan terms and <br />conditions as recommended by staff and included in the staff memo. The <br />motion was seconded by Janice Sheftel and approved unanimously (8-0). <br /> <br />16b. Water Project Construction Loan Program - Requests for Approval for Revised <br />Loans on Approved Projects - San Luis Valley Canal Company. <br />Tape 2, Start/Stop: 0000 - 0000 <br />Action: This item was canceled. <br /> <br />16c. Water Project Construction Loan Program - Requests for Approval for Revised <br />Loans on Approved Projects - Town of Palisade - Cottonwood Creek Pipeline <br />Replacement. <br />Tape 2, Start/Stop: 2210 - 33465 <br />Action: A motion was made by David Smith that the Board accept the staff <br />recommendation to make an increase in the Town of Palisade's <br />Construction Fund authorization by an additional $172,000 for a total <br />authorization of $922,000, and that "footnote a" be removed from the <br />original authorization as it applies to the Town of Palisade. The motion <br />included the loan terms and conditions as recommended by staff with the <br />provision that the Director of the CWCB be allowed to approve suitable <br />collateral for the loan. The motion was seconded by Ray Werner and <br />approved 1I""";mously (8-0). <br /> <br />17 Overview - Water Project Construction Loan Program - Priorities of New Projects. <br />Tape 2, Start/Stop: 3500 - 3970 <br />Tape 5, Start/Stop: 1487 - 2167 / <br />Action: A motion was made by Allen Davey to accept the revised list of priorities <br />for new projects as presented by Bill Stanton in his second "yellow sheet", . ' <br />dated 11/25197, which resides in the official record.~The motion was <br />seconded by Alan Hamel and approved unanimously (7-0). <br /> <br />Minutes November 24-25, 1997 CWCB Meeting <br />