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<br />
<br />STATE OIe:OLORADO
<br />
<br />Colorado Water Conservation Board
<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 />Q
<br />
<br />Bill Owens
<br />Governor
<br />
<br />Fcbruary 28, 200 I
<br />
<br />NOTICE OF PROJECT SUBSTANTIAL COMPLETION AND REPAYMENT SCHEDULE
<br />
<br />Greg E. Walcher
<br />Executive Oireaor
<br />
<br />Rod Kuharich
<br />CWCB DirectOr
<br />
<br />Leroux Creek Watcr Users Association
<br />Thomas M, Alvey, Prcsident
<br />11653100 Road
<br />Hotchkiss, CO 81419
<br />
<br />Dan McAuliffe
<br />Acting Director
<br />
<br />Rc; Contract Number C 150008 - Carl Smith Rcservoir Dam Rehabiltation
<br />
<br />Dear Mr, Alvcy,
<br />
<br />This Ictter is to advisc you that thc work dcscribcd in the above refcrcnced Contract was substantially completed as of
<br />Novcmber I, 2000,
<br />
<br />In accordance with thc Contract, thc Leroux Crcck Water Users Association owcs $54,61239 for intcrest during
<br />construction, as calculated on the attached spreadsheet. As discussed, $39,000,00 of your current remaining loan balance of
<br />$39,258.49 will bc applicd to thc amount owcd for intercst during construction, Thc remaining loan balance of $258.49 will
<br />bc mailed to you by check, Thcreforc, the rcmaining interest during construction balance owed by thc Leroux Crcek Water
<br />Uscrs Association is $15,61239, Pleasc send a check for this amount payable to the Colorado Watcr Conscrvation Board
<br />and includc the Contract Number on the chcck, duc by March 16,2001,
<br />
<br />As outlincd in thc Promissory Notc, Appendix 2 of the Contract, your fIrst loan payment in thc amount of $81 ,327,06,
<br />is due on Novcmber 1,2001. Pleasc sce thc attachcd Rcpaymcnt Schcdulc and a copy ofthc Promissory Notc,
<br />
<br />In accordance with thc Borrower's Liability lnsurancc Provision of thc Contract A,6, plcase note that rcnewcd
<br />insurancc ccrtifIcates nced to be providcd to the Colorado Water Conservation Board annually,
<br />
<br />It has been a pleasure of the Colorado Water Con$crvation Board to work with thc Leroux Creck Watcr Uscrs
<br />Association on thc successful complction of this projcct. Pleasc call if you have any questions rcgarding this matter or if we
<br />can be of service to you in thc future,
<br />
<br />~~
<br />
<br />Michael G, Serlct, P,E,
<br />Chicf, \Vatcr Supply Planning and Financc Section
<br />
<br />cc,
<br />
<br />DNR Accounting
<br />Project Planning and Construction Section
<br />Project fIle
<br />Contract fIlc
<br />Accounts Rcceivable
<br />Attorney Gcncral's Officc
<br />
<br />Contract Amount ~ $1,450,000
<br />Expended Amount ~ $1,450,000
<br />
<br />Flood Protection. Water Project Planning and Financing. Stream and Lake ProtectiOll
<br />Water Supply ProteetioJ1 . Conservation Planning
<br />
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