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<br /> <br />... <br /> <br />CITY OF LOVELAND <br /> <br />DEPARTMENT OF WATER & POWER <br />SERVICE CENTER <br />200 North Wilson, Bldg. #A. Loveland, Colorado 80537 <br />(970) 962-3000 . (970) 962-3400 FAX. (970) 962-2620 TDD <br />www.ci.loveland.co.us <br /> <br />December 22, 2004 <br /> <br />Mr. Rod Kuharich, Director, Colorado Water Conservation Board <br />ATTENTION: <br />Mr. Steve Biondo, Water Supply Planning & Finance <br />1580 Logan Street, Suite 750 <br />Denver, CO 80203 <br /> <br />Sent via FAX to: (303) 894-2578, hard copy to follow <br /> <br />RE: Request for Cancellation of Loan Contract C150005 <br /> <br />Dear Mr. Kuharich: <br /> <br />We have appreciated working with the CWCB on the referenced loan, and thank you for your staffs <br />efforts on behalf of the City ofLoveland~s Green Ridge Glade ReserVoir Expansion Project. . <br />Because additional monies became available for this project, it was not necessary to utilize the <br />principal loan amount of $5,000,000 whichwas.initiallyanticipated. It is my understanding that only <br />$279,826.34 has been borrowed to date, and the accrued interest as of December 31,2004 will be <br />$39,506.11, based on conversations with yourstafL lbis makes a total 0[$319,332.45 due as of <br />December 31 st. <br /> <br />Other than some work to be done next March, which will make a permanent connection between the <br />pipeline from the reservoir and the water treatment plant, work is essentially complete. The City will <br />not need the additional loan funds for this project. I hereby respectfully request that loan contract <br />C150005 for the City of Loveland, dated June 20, 2000, be closed. Ifthat is acceptable, and when <br />the verified payment amount is confirmed, the City will send payment to Steve Biondo to pay the <br />loan amount and interest in full. Following payment, we will await receipt ofthe original promissory <br />note marked "Paid in Full", and a release of any security for the loan. <br /> <br />Ifthere are questions, please feel free to contact me at (970) 962-3704, or our project manager, Larry <br />Howard, at (970) 962-3703. Thank you. <br /> <br />Sincerely, <br /> <br />r=:::?~~ <br /> <br />Ralph Mullinix, Director <br />Loveland Department of Water & Power <br /> <br />Cc: Mr. Don Williams, City Manager <br />Tim Feehan, Project Engineer, 1580 Logan Street, Rm. 750, Denver, CO 80203 <br />Steve Adams, Manager, Water Utilities <br /> <br />..-. Printed on <br />\..' Recycled Paper <br />