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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: (303) 866-3441 <br />FAX: (303) 866-4474 <br />www.cwcb.state.co.us <br /> <br /> <br />February 15,2005 <br /> <br />Bill Owens <br />Governor <br /> <br />NOTICE OF PROJECT SUBSTANTIAL COMPLETION AND REPAYMENT SCHEDULE <br /> <br />Russell George <br />Executive Director <br /> <br />Mr. Leo Stieb Jr. <br />The Stieb Brothers, Inc. <br />19679 County Road 55 <br />Illif, CO 80736 <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Re: Contract Number C150136 - Augmentation Project <br /> <br />Dear Mr. Stieb: <br /> <br />This letter is to advise you that the work described in the above referenced Contract was substantially completed as of <br />January 1, 2005. <br /> <br />In accordance with the Contract, ,the Stieb Brothers owe $4,300.76 for interest during construction, as calculated on the <br />attached spreadsheet, due by February 28, 2005. Make your check payable to the Colorado Water Conservation Board and <br />include the loan contract number on the check. <br /> <br />As outlined in the Promissory Note, Appendix 2 of Contract, your first loan payment in the amount of $9,815.47 is due <br />on January 1, 2006. Please see the attached Loan Repayment Schedule and a copy of the Promissory Note. A 1% loan <br />origination fee of$I,515.00 has been added to your principal balance for a final loan balance of$153,015.00. <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 Stieb Brothers 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 />~~k <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 C150136 <br />Expended Amount <br /> <br />= $153,015.00 <br />= $153,015.00 <br /> <br />Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation and Drought Planning <br />