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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 />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. William McNeil, President <br />Rio Grande & Piedra Valley Ditch Company <br />9502'" Avenune <br />Monte Vista, CO 81144 <br /> <br />Rod Kuharich <br />eWeB Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Re: Contract Number CI50155 - Ditch Diversion Project <br /> <br />Dear Mr. McNeil: <br /> <br />This letter is to advise you that the work described in the above referenced Contract was substantially completed as of <br />May I, 2004. <br /> <br />In accordance with the Contract, you owe $363.29 for interest during construction, as calculated on the attached <br />spreadsheet, due on May 20, 2004. Make your check for interest during construction payable to the Colorado Water <br />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 amount of $2,509.28 is <br />due on May I, 2005. The loan amount expended was $52,000.00 from which a 1% origination fee was added in the amount of <br />$520 for a to1alloan amount of $52,520.00. Please see the attached Loan Repayment Schedule and a copy of the Promissory <br />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 Rio Grande & Piedra Ditch Company <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 /> <br />Mike Serlet, P .E. <br />Chief, Water Supply Planning and Finance Section <br /> <br />cc. Ray Wright, CWCB Board Member <br />DNR Accounting <br />Water Supply Planning and Finance Section <br />Project file <br />Contract file <br /> <br />Contract Amount = $52,520.00 <br />Expended Amount ~ $52,520.00 <br /> <br />Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation and Drought Planning <br />