November 6, 2019 WAS Committee Minutes

 MINUTES
WAS Committee
November 6, 2019

The meeting of the WAS Committee of the Central Colorado Water Conservancy District was called to order at 1:08 P.M. on Wednesday, November 6, 2019 by David Bernhardt at Central’s office at 3209 West 28^th Street in Greeley. Committee members present were David Bernhardt, Randy Knutson, Bret Schmidt, and Gary Herman.  Board members absent were Steve Bruntz.  Staff members present were Randy Ray, Lynn Kramer, Danyelle McCannon, William (Billy) Mihelich, and Ruthanne Schaffer.  Others present were Todd Snidow of Stifel, Nicolaus & Company Inc.

Todd spoke with the Committee regarding the opportunity to issue additional debt from the 2004 election voter approval.

RECOMMEND TO THE BOARD TO PROCEED WITH THE 30 YR AMORTIZATION PROGRAM RECOMMEND BY STIFEL.

Motion:  Gary Herman
Second:  Randy Knutson
MOTION CARRIED

Committee talked about discussing various water projects at the Board Retreat.

Billy reviewed possible recharge pond locations, well splits, power layout, and status of construction for the Walker Recharge Project.

RECOMMEND TO THE BOARD TO APPROVE THE FIRST AMENDMENT TO CMGC CONTRACT FOR WALKER RECHARGE PROJECT.

Motion:  Gary Herman
Second:  Bret Schmidt
MOTION CARRIED

Committee reviewed several water project opportunities and asked Billy to run several projection scenarios and report back to the Board at the November Board meeting.

Chairman David Bernhardt adjourned the meeting at 3:04 pm.

Respectfully submitted,

Ruthanne Schaffer

Sr Water Accountant