Laserfiche WebLink
<br />~ , <br /> <br />~ <br /> <br />. <br /> <br />.. <br /> <br />2nd---Special Meeting <br /> <br />ization to enter into a contrract for either repair or replace- <br />ment of the syphon. <br /> <br />well <br />with <br /> <br />The meeting was opened ior questions and discussion as <br />as entertaining a motion authorizing the Board to go ahead <br />the project for the replacement of the syphon. <br /> <br />Mr. Jewett asked if the construction could be completed <br />by April I, 1986? The President replied that if the project <br />is ratified and since all requirements for completing the loan <br />have been met it should be comDleted by May. <br /> <br />Mr. Littrell asked what other options were available? <br />Mr. Colon replied the only oth~r two options would be a $80,000. <br />patch under Hwy. 50 without any cost shareing or no water. <br /> <br />Mr. Shepherd asked what priority the Bo.::.rd Vlould place <br />upon PhaseII of the project upon completion of Phase I, which <br />takes care of the major break? Mr. Colon repponded that the <br />syphon is thew eakest and most vulnerable segement of our del- <br />ivery system. As soon as the federal funds become available, <br />they would be matched to the state loan amount and the construc- <br />tion bid process would proceed for the 2nd Phase. In other <br />words, upon completion of PhaSe I, Phase II would then become <br />No. I priority of the Boa rd. <br /> <br />It was noted that the State, the Correctional Department <br />is in support of the project. <br /> <br />A motion was made by Russell Jewett, "I make a motion <br />authorizing the Board to enter into a contract for the loan <br />of funds from the Colo. Water Board, not to exceed $240,000. at <br />an interest rate of 5% per year for forty (40) years." The <br />motion was seconded by Mr. Shepherd and was carried. <br /> <br />A clarification by the President in regard to the <br />length of the contract, the contrract ~ay exceed forty years <br />due to the phasing, but no more than $240,000. will be borrowed. <br /> <br />A motion was made by Bill Burdgess to further ratify the <br />authorization of the Board to procede in enterin~ into a contract <br />with the CWC Board for an amount, not to excede ~240,ooo. at <br />five per cent interest for a term of forty years, as funds are <br />required by proposed Phase.I and Phase II o~ the co~tract. The <br />motion was secon~ed by Edw1n Hall. The mot1on carr1ed. <br /> <br />A motion was made by Edwin Hall to further ratify Presi= <br />dent Colon's authorit~ when necessary to sign the required con- <br />tracts to complete construction of Phase K and Phase II. The <br />motion was seconded by Bill Burdgess, and carried. <br /> <br />- <br />