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STATE OF COLORADO <br />6 � <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 />May 12, 2009 <br />NOTICE OF PROJECT SUBSTANTIAL COMPLETION AND REPAYMENT <br />Mr. and Mrs. Tom Hill <br />7990 5425 Road <br />Olathe, CO 81425 <br />Re: Contract Number C150233 — McEkoy Reservoir Rehabilitarion <br />Dear Mr. and Mrs. Hill: <br />Bill Ritter Jr. <br />Govemor <br />Harris D. Sherman <br />DNR Executive <br />Director <br />Jennifer L. Gimbell <br />CWCB Director <br />Dan McAuliffe <br />CWCB Deputy <br />D'uector <br />This letter is to advise you that the work described in the above referenced Contract was substantially completed as of <br />May 1, 2009. <br />In accordance with the Contract, you owe $27,441.11 for interest during construcrion, as calculated on the attached <br />spreadsheet, due by May 29, 2009. Please make your check for interest during construction payable to the Colorado Water <br />Conservation Board and include the Contract Number on the check. <br />As outlined in the Promissory Note, Appendix 2 of the Contract, your first loan payment in the amount of $96,023.58 is <br />due on May 1, 2010. A 1% loan service fee of $8,126.03 was added to your principal balance of $812,602.60, for a final loan <br />balance of $820,728.63. An adjustinent of $41,81137 has been subtracted from your approved loan balance of $862,540.00, to <br />adjust for your final principal balance of $820,728.63. To eliminate the need to amend the loan contract, your annual payment is <br />calculated based on your authorized loan amount of $862,540.00. Please see the attached Loan Repayment Schedule and a copy <br />of the Promissory 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 Board annually. <br />It has been a pleasure of the Colorado Water Conservarion Board to work with you on the successful completion of this <br />project. Please call if you have any questions regarding this matter or if we can be of service to you in the future. <br />Sincerely, <br />�aG�l -'' <br />Mike Serlet, P.E. <br />Chief, Water Supply Planning and Finance Secrion <br />cc. John Redifer, CWCB Board Member <br />Water Supply Planning and Finance Section <br />Project file <br />Contract file <br />Contract Amount = $862,540.00 <br />Expended Amount = $820,728.63 <br />Flood Protection • Water Supply Planning and Finance • Stream and Lake Protechon <br />Water Supply Protc�ction • Conservation and Drought Planning <br />