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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: ~03)866-3441 <br />FAX: (303) 866-4474 <br />www.cwcb.state.co.us <br /> <br /> <br />May 5, 2004 <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. Stephen R. Smith, Manager <br />North Poudre Irrigation Company <br />P.O. Box 100 <br />Wellington, CO 80549 <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Re: Contract Number C150013 - System Rehabilitation Project <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 />May 1, 2004. <br /> <br />In accordance with the Contract, the North Poudre Irrigation Company owes $58,677.72 for interest during construction, <br />as calculated on the attached spreadsheet, due by May 20, 2004. Make your check for the interest payable to the Colorado <br />Water Conservation Board and include the contract number on the check. Colorado Water Conservation Board also <br />offers electronic fund transfers for your convenience (See attachment for details). <br /> <br />As requested, your loan will be amended to reflect the $623,777.90 that you actually borrowed. Your first annual loan <br />payment will be $46,061.39, due on May 1, 2005. Jan lllian from our office will be providing you with an amended promissory <br />note in the near future. <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 project. 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 />:~::;.E. <br /> <br />Chief, Water Supply Planning and Finance Section <br /> <br />cc. Eric Wilkinson, CWCB Board Member <br />DNR Accounting <br />Water Supply Planning and Finance Section <br />Project file <br />Contract file <br /> <br />Contract Amount = $1,107,000.00 <br />Expended Amount = $623,777.90 <br /> <br />Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation and Drought Planning <br />