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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)866-4474 <br />www.cwcb.state. co.us <br />March 24, 2011 <br />John W. Hickenlooper <br />Governor <br />Mr. Frank Jaeger, District Manager <br />Parker Water & Sanitation District <br />1901 East Main Street <br />Parker, CO 80138 <br />Re: Rueter Hess Reservoir Construction <br />Loan Contract Number C 150090 <br />Dear Mr. Jaeger: <br />NOTICE OF PROJECT SUBSTANTIAL COMPLETION <br />This letter is to advise you that the Project referenced above was substantially completed on October 1, 2010. <br />In accordance with the Loan Contract, the District as paid $210,237.36 for interest accrued during the <br />construction phase of the Project. <br />The total amount disbursed under this contract was $15,000,000. The District's first annual payment in the <br />amount of $1,153,142.16 is due on October l, 2011 as shown on the attached amortization schedule and <br />Promissory Note. <br />In accordance with the Borrower's Liability insurance Provision of the Loan Contract, Paragraph A.13, <br />please note that a renewed insurance certificate needs to be submitted to the CWCB annually. <br />It has been a pleasure working with you on the successful completion of this project. Please don't hesitate to <br />call if you have any questions regarding this matter. <br />Mike King <br />DNR Executive Director <br />Jennifer L. Gimbel <br />CWCB Director <br />Sincerely, <br />Tim Fe� <br />CWCB <br />.E., Chief <br />e Section <br />Current Contract Amount = $15,000,000 <br />Expended Amount = $15,000,000 <br />cc. <br />Barbra Biggs, CWCB Board Member <br />Interstate & Federal • Watershed Protection & Flood Mitigation • Stream & Lake Protection • Fi�ance <br />Water Information • Water Conservation & llrought Planning • Water Supply Pianning <br />