Colorado Water Resources Development & Power Authority

COLORADO WATER RESOURCES DEVELOPMENT AND POWER AUTHORITY

Logan Tower Bldg
1580 Logan Street, Suite 620
Denver, CO 80203-1942
(303) 830-1550
(303) 832-8205 [Fax]

BACKGROUND

The Colorado Water Resources Development and Power Authority (CWRDPA or Authority) was created by the Colorado State General Assembly in 1981. The Authority has evolved into a major financing resource for water and wastewater utilities throughout Colorado. In the 1980’s, the Authority was involved with many water projects and basin-wide studies, the satellite stream monitoring system, the financing of the Stagecoach Reservoir Project and negotiations involving the Animas-La Plata Project. Starting in 1989, the Authority began focusing on financing activities with the first bond issue for the Water Pollution Control Revolving Fund. In 1990 the Authority completed its first “pooled” financing for the Small Water Resources Projects Program. In 1997, the Authority completed its first financing for the Drinking Water Revolving Fund. With statutory changes adopted in 2003, the Authority may fund loans of up to $500 million per borrower per project. In 2008 a Bill was enacted giving the Authority the ability to issue bonds for certain "Forest Health Projects," and in 2013 the Bills sunset provision was extended to 2023. In 2013 the Authroity's "Forest Health Projects" Bill was amended to add a "a project to harves woody vegetation for, or use woody vegetation in, the production of energy, fuels, forest products, or other applications (biomass)."

MISSION

 The Colorado Water Resources and Power Development Authority provides low-cost financing to governmental agencies in Colorado primarily for water and wastewater infrastructure development. It is the policy of the CWRPDAto assist local governments with financing water and wastewater infrastructure in a manner that is flexible and cost-effective yet does not jeopardize the Authority's principal or security.

MANAGEMENT

The CWRDPA is governed by a nine-member Board of Directors appointed to four-year terms by the Governor and confirmed by the Senate. The Board members are chosen geographically from the eight major drainages basins around the State and from the City and County of Denver. The current Board includes:

Greg Higil (Chairman)--Rio Grande Drainage Basin
Greg Fisher (Vice Chairman)--City and County of Denver
Frank Kugel (Secretary/Treasurer)--Gunnison-Uncompahgre Drainage Basin
Don Carlson--South Platte Drainage Basin
Steve Harris--San Miguel-Dolores-San Juan Drainage Basin
Stephen LaBonde--Main Colorado Drainage Basin
Doug Monger--Yampa-White Drainage Basin
Ann Nichols--Arkansas Drainage Basin
Ty Wattenburg--North Platte Drainage Basin

[Tentative] Meeting Dates for 2014:

January 29, 2014
March 7, 2014
April 25, 2014
June 6, 2014
August 15, 2014
October 3, 2014
December 5, 2014

RELATED LINKS

Colorado Water Quality Control Division

Colorado Department of Local Affairs

Colorado Rural Development Council

Colorado Water Conservation Board

Colorado Wastewater Utility Council