C150179 Letter of Sustaintial Completion

• Contract/PO #: C150179
• Contractor Name: Henry Bolen Ditch Company
• Contract Type: Loan
• Water District: 34
• County: Montezuma
• Loan Projects - Doc Type: Project Completion Letter

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Colorado Water Conservation Board
Project Expenditure Schedule
Ditch Rehabilitation Project
Sponsor: Henry Bolen Ditch Company Loan Contract No.: C150179
Address: P.O. Box 308 Authorization: $520,150.00 Loan Origination Fee $3,287.86
Mancos, Colorado 81328 Interest: 2.50% Total Loan Amount $43,322.34
Contact: Raymond Keith, President Term: 30-years
Telephone: [phone] Conditions: Up to 90%
Fax: Tax J.D. No.: 35-2207000
Substantial
E-mail: [e-mail] Completion Date: 8/1/2005
Balance
Loan Disb. Amount Cumulative Loan Available to Accrued
No. Date Description Disbursed Balance Loan Interest Interest
$520,150.00
I 1/5/2005 Construction $ 2,575.00 $ 2,575.00 $517,575.00 $ 36.68 $ 36.68
2 1/13/2005 Construction $ 236,056.46 $ 238,631.46 $281,518.54 $ 3,233.65 $ 3,270.34
3 2/17/2005 Construction $ 26,432.05 $ 265,063.51 $ 255,086.49 $ 298.72 $ 3,569.05
4 3/14/2005 Construction $ 41,482.09 $ 306,545.60 $ 213,604.40 $ 397.77 $ 3,966.83
5 3/18/2005 Construction $ 22,240.88 $ 328,786.48 $ 191,363.52 $ 207.18 $ 4,174.00
IP 8/1/2005 IDC Payment Received $ - $ 328,786.48 $ 191,363.52 $ (4,174.00) $ 0.00
IP 8/1/2005 Loan Origination Fee $ 3,287.86 $ 332,074.34 $ 188,075.66 $ - $ 0.00
IP 8/1/2005 Loan Origination Fee Payment R $ (3,287.86) $ 328,786.48 $ 191,363.52 $ - $ -
IP 8/1/2005 Principal Prepayment (NRCS) $ (285,464.14) $ 43,322.34 $ 191,363.52 $ - $ -
IP 8/1/2005 PO Modification $ (191,363.52) $ 43,322.34 $ - $ - $ -

Check Distribution:
IDC $
Origination Fee $
Principal Reduction $
Total Payment I $

4,174.00
3,287.86
285,464.14
292,926.00 I