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<br />I <br /> <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: (303) 866-3441 <br />FAX: (303) 866-4474 <br />www.cwcb.state.co.us <br /> <br /> <br />September 20, 2004 <br /> <br />Bill Owens <br />Governor <br /> <br />NOTICE OF PROJECT SUBSTANTIAL COMPLETION AND REPAYMENT SCHEDULE Greg E. Walcher <br />Executive Director <br /> <br />Mr. Jack Hohnan, President <br />Oglivy Irrigation and Land Company <br />28230 Road 58 1/2 <br />Greeley, CO 80631 <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Re: Contract Number C 150 148 - Seeley Lake Outlet Rehabilitation <br /> <br />Dear Mr. Holman: <br /> <br />This letter is to advise you that the work descnbed in the above referenced Contract was substantially completed as of <br />August 1, 2004. <br /> <br />In accordance with the Contract, the Oglivy Irrigation and Land Company owes $4,511.70 for interest during <br />construction, as calculated on the attached spreadsheet, due on October 4, 2004. Make your check for interest during construction <br />payable to the Colorado Water Conservation Board and include the Contract Number on the check. <br /> <br />As outlined in the Promissory Note, Appendix 2 of the Contract, your first loan payment in the amount of $22,143.97 is <br />due on August 1, 2005. A prepayment of $29,321.16 has been applied to your principal balance to account for the actual funds <br />expended to construct your project. A 1% loan origination fee of $3,209.69 has been added to your principal balance for a fInal <br />loan balance of$324,178.84. The origination fee was based on your cumulative loan balance of $320,969. 15. Please see your <br />attached Loan Repayment Schedule and a copy of the Promissory Note. <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 Oglivy Irrigation and Land Company <br />on the successful completion of this project. Please call if you have any questions regarding this matter or if we can be of service <br />to you in the future. <br /> <br />;;A'J~ <br /> <br />Mike Serlet, P.E. <br />Chief, Water Supply Planning and Finance Section <br /> <br />cc. <br /> <br />Eric Wilkinson, CWCB Board Member <br />DNR Accounting <br />Water Supply Planning and Finance Section <br />Project file <br />Contract file <br />Accounts Receivable <br /> <br />Contract Amount <br />Expended Amount <br /> <br />= $353,500.00 <br />= $324,178.84 <br /> <br />Flood Protection. Water Supply Plahning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation and Drought Plahning <br />