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<br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: 003)866-3441 <br />FPC(:(303)866~74 <br />www.cwcb.state.co.u8 <br /> <br /> <br />January 11, 2006 <br /> <br />Bill Owens <br />Governor <br /> <br />NOTICE OF PROJECT SUBSTANTIAL COMPLETION AND REPAYMENT <br /> <br />Russell George <br />Executive Director <br /> <br />Mr. John Guenzi <br />Guenzi Augmentation Project <br />916 Fairhurst <br />Sterling, CO 80751 <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Rick Brown <br />Acting Deputy <br />Director <br /> <br />Re: Contract Number C 150 174 - AugmentationlRecharge Project <br /> <br />Dear Mr. Guenzi: <br /> <br />This letter is to advise you that the work described in the above referenced Contract was substantially completed as of <br />December 31, 2005. <br /> <br />In accordance with the Contract, the Guenzi's owe $8,591.46 for interest during construction, as calculated onthe <br />attached spreadsheet, due on January 30,2006. Make your check payable to the Colorado Water Conservation Board and include <br />the loan contract number on the check. If payment has been sent, please accept our thanks. <br /> <br />As outlined in the Promissory Note, Appendix 2 of Contract, your fIrst loan payment in the amount of $16,817.73 is due <br />on January 1, 2007. Please see the attached Loan Repayment Schedule and a copy of the Promissory Note. A 1% loan <br />origination fee of$3,485.00 has been added to your principal balance for a fInal loan balance of$352,000.00. The origination fee <br />was based on your cumulative loan balance of$348,515.00. <br /> <br />In accordance with the Borrower's Liability Insurance Provision of the Contract, Paragraph A. 6, . please note that the <br />renewed insurance certificates need to be provided to the Colorado Water Conservation Board annually. <br /> <br />It has been a pleasure of the Colorado Water Conservation Board to work with the Guenzi's on the successful <br />completion of this project. Please call if you have any questions regarding this matter or if we can be of service to you in the <br />future. <br /> <br />~~~J~ <br />:Z~~.E. <br /> <br />Chief, Water Supply Planning and Finance Section <br /> <br />cc. Eric Wilkinson, CWCB Board Member <br />Water Supply Planning and Finance Section <br />Project fIle <br />Contract file <br /> <br />Contract C150174 <br />Expended Amount <br /> <br />= $352,000.00 <br />= $352,000.00 <br /> <br />Flood Protection. Water Supply Plahning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation and Drought Plahning <br />