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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) 8664474 <br />www.cwcb.state.co.us <br /> <br /> <br />June 3, 2003 <br /> <br />Bill Owens <br />Governor <br /> <br />NOTICE OF PROJECT SUBSTANTIAL COMPLETION AND REPAYMENT SCHEDULE Greg E, Walcher <br />Executive Director <br /> <br />Mr. Raymond Thompson, SecretJrry <br />Glenwood Irrigation Company <br />P,O, Box 518 <br />Glenwood Springs, CO 81602 <br /> <br />Rod Kuharlch <br />CWCB Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Re: Contract Nwnber CI50 I 06 - Siphon Rehabilitation Project <br /> <br />Dear Mr, Thompson, <br /> <br />This letter is to advise you that the work descnbed in the above referenced Contract was substantially completed as of <br />May I, 2003, <br /> <br />In accordance with the Contract, the Glenwood Irrigation Company owes $1,720.21 for interest during construction, as <br />calculated on the attached spreadsheet, due on June 23, 2003, Make your check for interest during construction payable to the <br />Colorado Water Conservation Board and include the contract number on the check, <br /> <br />Your first loan payment in the amount of $6,801.30 is due on May I, 2004, The $6,801.30 annual loan payment was <br />calculated based on a $117,608,25 loan balance at 4,00% for 30-years, Jan Dlian, our Contract Administrator, will be amending <br />the Promissory Note, contained as Appendix 2 of the Contract, to reflect the final contract loan amount. <br /> <br />In accordance with the Borrowers 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 Glenwood Irrigation Company on the <br />successful completion of this project. Please call if you have any questions regarding this matter or if we can be of service to you <br />in the future. <br /> <br />SincereUJJ <br />~P.E. <br />Chief, Water Supply Planning and Finance Section <br /> <br />ce. Greg Hoskin, CWCB Board Member <br />DNR Accounting <br />Water Supply Planning and Finance Section <br />Project file <br />Contract file <br /> <br />Contract Amount = $386,000,00 <br />ExpendedAmount = $117,608.25 <br /> <br />Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation and Drought Planning <br />