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<br />~ <br /> <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 />FAC<:003)8664474 <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. Dan Hawkins, Manager <br />Upper Surface Creek Water Users Association <br />P.O. Box 70 <br />Cederedge, CO 81413 <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Re: Contract Number C150173 - Raw Water Delivery Project <br /> <br />Dear Mr. Hawkins: <br /> <br />1bis letter is to advise you that the work descnbed in the above referenced Contract was substantially completed as of <br />January 1, 2005. <br /> <br />In accordance with the Contract, the Upper Surface Creek Water Users Association owes $2,541.62 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 />As outlined in the Promissory Note, Appendix 2 of Contract, your first loan payment in the amount of$11,266.12 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$1,622.00 has been added to your principal balance for a finalloan balance of$163,802.00 <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 providedto the Colorado Water Conservation Board annually. <br /> <br />It has been a pleasure of the Colorado Water Conservation Board to work with the Upper Surface Creek Water Users <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:cer::~ . /L <br />~J~ <br /> <br />Mike Serlet, P.E. <br />Chief; Water Supply Planning and Finance Section <br /> <br />cc. <br /> <br />John Redifer, 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 C150l73 <br />Expended Amount <br /> <br />= $163,802.00 <br />= $163,802.00 <br /> <br />Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation and Drought Planning <br />