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<br />STATE OF COLORADO <br /> <br />" <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 6, 2007 <br /> <br />Bill Ritter Jr. <br />Governor <br /> <br />NOTICE OF PROJECT SUBSTANTIAL COMPLETION AND REPAYMENT <br /> <br />Harris D. Sherman <br />Executive Director <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Mr. Steve Smith, Manager <br />The North Poudre hrigation Company <br />3229 Cleveland A venue <br />Wellington, CO 80539 <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Re: Contract Number C150170 - Miner's Lake Rehabilitation <br /> <br />Dear Mr. Smith: <br /> <br />This letter is to advise you that the work descnbed in the above referenced Contract was substantially completed as of <br />February 1, 2007. <br /> <br />In accordance with the Contract, the North Poudre hrigation Company owes $16,177.89 for interest during construction, <br />as calculated on the attached spreadsheet, due by February 26, 2007. Please 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 arnOllllt of $50,571.74 is <br />due on February 1,2008. A 1 % loan service fee of$7,280.00 has been added to your principal balance for a final loan balance of <br />$735,280.00. Please see the attached Loan Repayment Schedule and 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 North Poudre Irrigation Company on <br />the successful completion of this proj ect. Please call if you have any questions regarding this matter or if we can be of service to <br />you in the future. <br /> <br />~J~ <br /> <br />Mike Serlet, P.E. <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 Amount <br />Expended Amount <br /> <br />= $735,280.00 <br />= $735,280.00 <br /> <br />Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation and Drought Planning <br />