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STATE OF COLORADO <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.cwcbstate.co.us <br />October 26, 2009 <br />NOTICE OF PROJECT SUBSTANTIAL COMPLETION AND REPAYMENT <br />Mr. Dan Drucker, Manager <br />Center of Colorado Water Conservancy District <br />P.O. Box 1747 <br />Fairplay, CO 80440-1747 <br />Re: Contract Number C 150276 — Tingel Reservoir <br />Dear Mr. Drucker: <br />Bill Ritter Jr. <br />Governor <br />Harris D. Sherman <br />DNR Executive <br />Director <br />Jennifer L. Gimbel <br />CWCB Director <br />Dan McAuliffe <br />CWCB Deputy <br />Director <br />This letter is to advise you that the work described in the above referenced Contract was substanrially completed as of <br />October 1, 2009. <br />In accordance with the Contract, the Center of Colorado Water Conservancy District owes $8,463.68 for interest during <br />consirucrion, as calculated on the attached spreadsheet, due by November 15, 2009. Please make your check for the interest <br />during construction payable to the Colorado Water Conservation Board and include the Coniract Number on the check. <br />As outlined in the Promissory Note, Appendix 2 of Contract, your first loan payment in the amount of $54,649.70 is due <br />on October 1, 2010. A i% loan service fee of $4,500 was added to your principal balance of $450,000.00, for a final loan balance <br />of $454,500.00. Please see the attached Loan Repayment Schedule and a copy 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 Conservation Board to work with the Center of Colorado Water <br />Conservancy District on the successful complerion of this project. Please call if you have any quesrions regarding this matter or if <br />we can be of service to you in the future. <br />Project <br />cc. Barbara Biggs, CWCB Board Member <br />Water Supply Planning and Finance Secrion <br />Project file <br />Contract file <br />, Water Supply Planning and Finance Secrion <br />Contract Amount = $454,500.00 <br />Expended Amount = $454,500.00 <br />Flood Protection • Water Supply Planning and Finance • Stream and Lake Protection <br />Water Supply Protection • Conservation and Drought Planning <br />