PROJC02224

• Contract/PO #: C150222
• Contractor Name: Orchard Mesa Irrigation District
• Contract Type: Loan
• Water District: 72
• County: Mesa
• Loan Projects - Doc Type: Project Completion Letter

STATE OF COLORADO
Colorado Water Conservation Board
Department of Natural Resources
1313 Sherman Street, Room 721
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]
www.cwcb.state.co.us
December 3, 2008
NOTICE OF PROJECT SUBSTANTIAL COMPLETION AND REPAYMENT
Mrs. Rita Cnunpton, Manager
Orchard Mesa Irrigation District
668 38 Road
Palisade, CO 81526
Re: Contract Number C150222 -Stokes Siphon Replacement Project
Dear Mrs. Crompton:
Bill Ritter )r.
Governor
Hams D. Sherman
DNR Executive
Director
Jennifer L. Gimbell
CWCB Duector
Dan McAuliffe
CWCB Deputy
Director
This letter is to advise you that the work described in the above referenced Contract was substantially completed as of
October 1, 2008.
In accordance with the Contract, the Orchard Mesa Irrigation District owes $9,264.59 for interest during construction, as
calculated on the attached spreadsheet, due by December 22, 2008. Please 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 fast loan payment in the amount of $26,057.93 is
due on October 1, 2009. A 1% loan service fee of $5,399.00 was added to your principal balance of $539,900.00, for a final loan
balance of $545,299.00. An adjustment of $101.00 has been subtracted from your approved loan balance of $545,400.00, to
adjust for your final principal balance of $545,299.00. To eliminate the need to amend the loan contract, your annual payment is
calculated based on your authorized loan amount of $545,500.00. 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 A.6, 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 Orchard Mesa Irrigation District 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,
Mike Serlet, P.E.
Chief, Water Supply Planning and Finance Section
cc. John Redifer, CWCB Board Member
Water Supply Planning and Finance Section Contract Amount = $545,400.00
Project file Expended Amount = $545,299.00
Contract file
Flood Protection • Water Supply Planning and Finance • Stream and Lake Protection
Water Supply Protection • Conservation and Drought Planning