C150115 Letter of Substaintial Completion

• Contract/PO #: C150115
• Contractor Name: Riverside Ditch and Allen Extension Company, The
• Contract Type: Loan
• Water District: 11
• County: Chaffee
• Bill Number: MC3
• Loan Projects - Doc Type: Project Completion Letter

STATE OF COLORADO

Colorado Water Conservation Board

Department of Natural Resources
1313 Shennan Street, Room 721
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]
www.cwcb.state.co.us

Septernberl6,2003

Bill Owens
Governor

NOTICE OF PROmCf SUBSTANTIAL COMPLETION AND REPAYMENT SCHEDULE Greg E. Walcher
Executive Director

Mrs, Susan Miller, Secretary
Riverside Ditch and Allen Extension
P,O. Box 892
Buena Vista, Colorado 81211

Rod Kuharich
CWCB Director

Dan McAuliffe
Deputy Director

Re: Contract Number Cl50115 - Siphon Rehabilitation Project

Dear Mrs, Miller

This letter is to advise you that the work described in the above referenced Contract was substantially completed as of
August 1,2003. '

In accordance with the Contract, the Riverside Ditch and Allen Extension owes $322,67 for interest during construction,
as calculated on the attached spreadsheet, due on October 6, 2003, Make your check for interest during construction payable to
the Colorado Water Conservation Board and include the Contract Number on the check.

As outlined in the Promissory Note, Appendix 2 of the Contract, your first loan payment in the amount of $2,469,22 is
due on August 1, 2004. A prepayment of $6,351 ,90 has been applied to your principal balance to account for the actual funds
expended to construct your project. Please see the attached Loan Repayment Schedule and a copy of the Promissory Note.

In accordance with the Borrower's Liability Insurance Provision of the Contract, Paragraph A6, please note that the
renewed insurance certificates need to be provided to the Colorado Water Conservation Board annually,

It has been a pleasure of the Colorado Water Conservation Board to work with the Riverside Ditch and Allen Extension
on the successful completion of this project. Please call if you have any questions regarding this matter or if we can be of service
to you in the future.

Sincerely,

'~J;R-

Mike Serlet, P ,E,
Chief, Water Supply Planning and Finance Section

cc,

Ray Wright, CWCB Board Member
DNR Accounting
Water Supply Planning and Finance Section
Project file
Contract file
Accounts Receivable

Contract Amount ~ $50,000,00
Expended Amount ~ $43,648,10

Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection
Water Supply Protection. Conservation and Drought Planning