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STATE OF C~LORADO <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866~474 <br />www.cwcb.state.co.us <br />July 20, 2009 <br />Bill Ritter Jr. <br />Govemor <br />NOTICE OF PROJECT SUBSTANTIAL COMPLETION AND REPAYMENT SCHEDLJLE Harris D. Sherman <br />DNR Executive <br />Director <br />Ms. Lynn Golemboski, Town Clerk/Adminstrator Jennifer L. Gunbell <br />Town of Hilkose CWCB Director <br />P.O. Box 1 <br />Hillrose, CO 80733-0001 Dan McAuliffe <br />CWCB Deputy <br />Re: Contract Number C 150254 - Water Rights Director <br />Dear Ms. Golemboski: <br />This letter is to advise you that the work described in the above referenced Contract was substanrially completed as of <br />July 1, 2009 <br />In accordance with the Contract, the Town of Hilkose owes $341.75 for interest during construction, as calculated on the <br />attached spreadsheet, due on August 14, 2009. Make your check payable to the Colorado Water Conservation Board and include <br />the loan contract number on the check. <br />As outlined in the Promissory Note, Appendix 2 of ConUract, your first loan payment in the amount of $2,550.71 is due <br />on July 1, 2010. Your annual loan payment was calculated based on a final loan balance of $49,995.00 at 3.0% for 30-years, <br />which includes a 1% loan service fee of $495.00. Please see the attached Loan Repayment Schedule and a copy of the Promissory <br />Note. <br />In accordance with the Borrower's Liability Insurance Provision of the Contract, Paragraph A.6, please note that the <br />renewed insurance certificates need to be provided to the Colorado Water Conservation Boazd annually. <br />It has been a pleasure of the Colorado Water Conservation Board to work with the Town of Hillrose on the successfiil <br />completion of this project. Please call if you have any quesrions regarding this matter or if we can be of service to you in the <br />future. <br />Sincerely, <br />~ Mike Serlet, P.E. <br />Chief, Water Supply Planning and Finance Section <br />copy: Eric Wilkinson, CWCB Boazd Member <br />Water Supply Planning and Finance Secfion <br />Project file <br />Contract file <br />Contract Amount = $49,995.00 <br />Expended Amount = $49,995.00 <br />Flood Protection • Water Supply Plaiuting and Finance • Stream and Lake Protection <br />Water Supply Protection • Conservation and Drought Planning <br />