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STATE OF COLORADO <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866�474 <br />www.cwcb.state.co.us <br />March 8, 2006 <br />NOTICE OF PROJECT SUBSTANTIAL COMPLETION AND REPAYMENT <br />Mr. Steven Kaiser, Secretary <br />Low Line Ditch Company <br />P.O. Box 1111 <br />Sterling, CO 80751 <br />Re: Contract Number C 150133 — J-W Augmentation Project <br />Dear Mr. Kasier: <br />Bill Owens <br />Governor <br />Russell George <br />Executive Director <br />Rod Ki�llarich <br />CWCB Director <br />Rick Brown <br />Acting Deputy <br />Director <br />This letter is to advise you that the work described in the above referenced Contract was substantially completed as of <br />March 1, 2006. <br />In accordance with the Contract the Low Line Ditch Company owes $&,748.04 for interest during construetion, as <br />calculated on the attached spreadsheet, due by April 1, 2006. Make your check payable to the Colorado Water Conservation <br />Board and include the loan contract number on the check. <br />As outlined in the Promissory Note, Appendix 2 of Contract, your first loan payment in the amount of $10,349.98 is due <br />on March 1, 2007. Please see the attached Loan Repayment Schedule and a copy of the Promissory Note. A 1% loan origination <br />fee of $1,597.50 has been added to your principal balance for a final loan balance of $167,347.50 <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 />It has been a pleasure of the Colorado Water Conseryation Board to work with the Low Line Ditch Company on the <br />successful completion of this project. Please call if you have any questions regazding this matter or if we can be of service to you <br />in the future. <br />Sincerely, � � <br />F � i r <br />Mike S let, P.E. <br />Chief, Water Supply Plamzing and Finance Section <br />cc. Eric Wilkinson, CWCB Board Member <br />Water Supply Planning and Finance Section <br />Project file <br />Contract file <br />Contract C150133 = $161,347.50 <br />Expended Amount = $161,347.50 <br />Flood Protection • Water Supply P1annulg and Finance • Stream and Lake Protection <br />Water Supply Protection • Conservation and Drought Plaiu�ing <br />