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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 />Russell George <br />Executive Director <br /> <br />NOTICE OF PROJECT SUBSTANTIAL COMPLETION AND REPAYMENT SCHEDULE <br /> <br />Mr. Dwight Giles, President <br />Lake Arrowhead Homeowners Association <br />6766 Arrowhead Drive <br />Greeley, CO 80634 <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Re: Contract Number C150 113 - Reservoir Rehabilitation Project <br /> <br />Dear Mr. Giles: <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 Lake Arrowhead Homeowners Association owes $3,995.47 for interest during <br />construction, as calculated on the attached spreadsheet, due by February 28, 2005. Make your check payable to the Colorado <br />Water Conservation Board and include the . loan contract number on the check. <br /> <br />Your fIrst loan payment in the amount of $13,379.55 is due on January 1,2006. The $13,379.55 annual loan payment <br />was calculated based on a $224,495.70 loan balance at 4.25% for 30-years. Chad Henderson, our Contract Administrator, will be <br />amending the Promissory Note, contained as Appendix 2 of the Contract, to reflect the fInal contract loan amount. <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 Lake Arrowhead Homeowners <br />Association on the successful completion of this project. Please call if you have any questions regarding this matter or if we can <br />be of service to you in the future. <br /> <br />S~J~ <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 C150113 <br />Expended Amount <br /> <br />= $300,000.00 <br />= $224,495.70 <br /> <br />Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation and Drought Plahning <br />