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LPPD000502
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Last modified
11/19/2009 11:17:44 AM
Creation date
4/3/2007 8:26:59 PM
Metadata
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Loan Projects
Contract/PO #
C153832
Contractor Name
DeWeese-Dye Ditch and Reservoir Company
Contract Type
Loan
Water District
12
County
Custer
Bill Number
HB 98-1189
Loan Projects - Doc Type
Project Completion Letter
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<br />~ <br /> <br />""t.:::.X', <br />~ <br />STATE OF COLORADO' <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natura I Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866c3441 <br />FAX: (303) 866-4474 <br /> <br />i) <br /> <br />Bill Owens <br />Governor <br /> <br />December 27, 1999 <br /> <br />Greg E" Walcher <br />Executive Director <br /> <br />Peter H. Evans <br />CWCB Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />NOTICE OF PROJECT SUBSTANTIAL COMPLETION AND REPAYMENT SCHEDULE <br /> <br />DeWeese-Dye Ditch and Reservoir Company <br />Mr. Ronald D. Dorn, President <br />1631 Chestnut <br />Canon City, CO 81212 <br /> <br />Re: Contract Number C-153832. DeWeese Dam Rehabilitation Project <br /> <br />Dear"Mr. Dorn: <br /> <br />This letter is to advise you that the work described in the above referenced Contract was <br />substantially completed as of December 1, 1999. In accordance with the Contract repayment <br />conditions, the DeWeese Dye Ditch and Reservoir Company owed $4,046.23 for interest <br />during construction, as calculated on the attached spreadsheet, due on December 1, 1999. On <br />December 15,1999 we received your payment in amount of $153,046.23. That payment has <br />been allocated as follows: <br /> <br />Interest During Construction <br />Principal Repayment <br />Total payment recetved <br /> <br />Original Loan Amount <br />Less Principal Repayment <br />New Loan Amount <br /> <br />$ 4,046.23 <br />$149,000.00 <br />$153,046.23 <br /> <br />$734,000.00 <br />($149.000.00) <br />$585,000.00 <br /> <br />The new loan amount will be amortized over 30 years at 4% interest, and loan contract <br />C-153832 will be amended accordingly. Your loan payment will be $33,830.61, and the first <br />payment will be due on December 1, 2000. Please see the attached Repayment Schedule. <br />Make checks payable to the Colorado Water Conservation Board and include the Contract <br />Number on the check. <br />
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