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<br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />1313 Sherman Street,. Room 721 <br />Denver, Colorado 80203 <br />Phon~ (303) S66-3-Hl <br />FAX; (303) 866-Hi4 <br />\o,'ww.cwcb.state.cQ.us <br /> <br /> <br />September 10. 2003 <br /> <br />BillO.....ens <br />GovelTlOr <br /> <br />:\"Ol1CE OF PROJECT St..JBSTAXI1AL CO\fPLETIO~ A"TI REPA'r~1E]\''T SCHEDULE <br /> <br />GregE Wa1:her <br />El(ecutwe Director <br /> <br />Mr. Terry Retherford. President <br />LO\1A Ditch and Lateral Company <br />P.O. Box 11 <br />LO.\fA, CO. 81524-0011 <br /> <br />RodKuharich <br />eweB Duoctor <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Re: Contract ;-"'wnbcr C150 114 - LO!v1A. Irrigation Lateral Reconstruction Project <br /> <br />Dear:-'1r.Retherford. <br /> <br />This letter is to ad\'ise you that the work descnbed in the above referenced Conuacl was substantially completed as of <br />July I, 2003. <br /> <br />In accordance .....ith the Contract, the LO\lA Ditch and lateral Company owes SI,921.66 for inleresl during construction <br />as calculated on the attached spreadsheet Your interest during construction payment of $1.921.66 has been deducted from the <br />575,000 payment you made towards your loan in August of2oo3, which is illustrated on the attlched Loan RepajTIlCnt Schedule. <br /> <br />As requested, your loan has been amended to reflect the S233,756.86 you actual borrowed, Jess the S73,078.34 principal <br />payment you made in August of 2003. Your new principal loan balance is SI60,678.52 "'ith your first annual pa}mC'nt of <br />57,935.02 being due on July 1,2004. lac TIlian from our office ",ill be pro..iding you "'ith an amended promissory note in the <br />nearfurure. <br /> <br />In accordance \\ith the Borrower's Liability Insurance Prm;sion 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 Consen'ation Board to work ""im the LO~t" Ditch and Lateral Company <br />on the successful completion of this project Plea.se call if you have any questions regarding this matter or if we can be of sm:ice <br />to you in the future. <br /> <br />Sincerely, <br /> <br />.~~# <br /> <br />~1ikeSerlet,P.E. <br />Chief. Water Supply Planning and Finance Section <br /> <br />"^ <br />"" <br /> <br />G,~g Hoskin. eWeB Board :\r~r.1bcr <br />D~'R ACCOlUlting <br />W3.te'r Sup~ly PI.mning and Fi.nJ.nce Section <br />Proje..:: rue <br />COntr:lelriJe <br />A..:counts Reeeivabie <br /> <br />Cor.met Amount"" S:!50.235.00 <br />EXtlC':'lceC.-\::-.oU:1t .. $160.6-3.5"':: <br />Flood P:-oL.'clJon . \";.ue Supply ?~-ung M.d F1.'"Ul1i:t'. Sttt'a.:::\ and We Prote(:t:o~ <br />Water 5cFply Protedton. Coru;ervaton a..,j Drought PIannmg <br />