PROJ02071

• Contract/PO #: C153686
• Contractor Name: Red Mesa Ward Reservoir and Ditch Company
• Contract Type: Grant
• Water District: 0
• Bill Number: HB 95-1155
• Loan Projects - Doc Type: Contract Documents

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Colorado Water Conservation Board
Department of Natural Resources
1313 Sherman Street, Room 721
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]
www.cwcb.state.co.us

STATE OF COLORADO

Q

MEMORANDUM

Bill Owens
Governor

Greg E. Walcher
Executive Director

Rod Kuharich
eweB Director

Dan McAuliffe
Deputy Director

TO: Colorado Water Conservation Board Members

FROM: Mike Serlet, P.E.,~
Chief, Water Supply Planning and Finance Section

DATE: November 9, 2001

SUBJECT: Agenda Item 20b - November 19-20,2001 Board Meeting
Water Supply Planning and Finance - Project De-authorization Review
De-authorization Recommendations

) IntroductiOn
In September 1999, the Board adopted Financial Policy #1, Construction Fund and
Severance Tax Trust Fund Perpetual Base Account Project Time Limits, which policy provides the
following direction:

The Colorado Water Conservation Board (CWCB) shall review the status of all
Construction Fund and Severance Tax Trust Fund Perpetual Base Account loan projects
that do not have a fully executed CWCB funding contract within three years of the
project's legislative authorization. These projects may be recommended for inclusion in
the list of Project Loan D~.c.Authorizations in the next ahtiu.af Construction Fund Bill
unless the Board specifically approves a time extension.

The Policy further outlines the basis for staff recommendations:
1. If the Project Sponsors have not shown diligence toward execution of a funding
contract within three years oftheir authorizing legislation, the staffwill recommend to
the Board that the project be included in the Project Loan De-Authorization
recommendation to the Legislature.

2. If the Project Sponsors have progressed towards execution of a project funding
contract, but the progress has been delayed due to extenuating circumstances, the staff
may recommend that the Board extend the project time limit for one year. The staff
will continue to review the project on an annual basis until a CWCB funding contract
is fully executed or the Board has recommended de-authorization to the Legislature.

Flood Protection · Water Project Planning and Financing. Stream and Lake Protection
Water Supply Protection. Conservation Planning