C150262 Letter of Substaintial Completion

• Contract/PO #: C150262
• Contractor Name: Bennett, Town of
• Contract Type: Loan
• Water District: 0
• County: Adams
• County: Arapahoe
• 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 Bill Ritter lr.
Governor
NOTICE OF PROJECT SUBSTANTIAL COMPLETION AND REPAYMENT Hams D. Sherman
DNR Executive
Director
Mrs. Tam Intermill, Town Clerk Jennifer L. Gimbell
Town of Bennett CWCB Director
P.O. Box 72
Bennett, CQ 80646 Dan McAuliffe
CWCB Deputy
Director
Re: Contract Number C150262 -Well Number 5 Replacement Project
Dear Mrs. Intermill:
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 Town of Bennett owes $2,637.61 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 Boazd 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 $13,728.76 is
due on October 1, 2009. A 1% loan service fee of $2,461.09 was added to your principal balance of $246,109.22, for a final loan
balance of $248,570.31. An adjustment of $3,929.69 has been subtracted from your approved loan balance of $252,500.00, to
adjust for your final principal balance of $248,570.31. To eliminate the need to amend the loan contract, your annual payment is
calculated based on your authorized loan amount of $252,500.00. 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 Boazd to work with the Town of Bennett on the successful
completion of this project. Please call if you have any questions regazding 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. Eric Wilkinson, CWCB Board Member
Water Supply Planning and Finance Section Contract Amount = $252,500.00
Project file Expended Amount = $248,570.31
Contract file
Flood Protection • Water Supply Planning and Finance • Stream and Lake Protection
Water Supply Protection • Conservation and Drought Planning