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STATE OF COLORADO <br /> Colorado Water Conservation Board �A���C011N, qA <br /> Department of Natural Resources Q '� <br /> 1580 Logan Street, Suite 600 z to <br /> Denver, Colorado 80203 <br /> Phone: (303) 866 -3441 ° v <br /> Fax: (303) 894 -2578 • 193 +' <br /> www. cw cb. state. co.us <br /> John W. Hickenlooper <br /> June 1 , 2011 Governor <br /> Mike King <br /> DNR Executive Director <br /> Mr. Richard Belt, Board President <br /> Las Animas Consolidated Canal Company Jennifer L. Gimbel <br /> 1800 Larimer St, Suite 1300 CWCB Director <br /> Denver CO 80202 <br /> Re: Las Animas Consolidated Canal Diversion Dam Project <br /> Loan Contract Number C 15 03 07 <br /> NOTICE OF PROJECT SUBSTANTIAL COMPLETION <br /> Dear Mr. Belt: <br /> This letter is to advise you that the Project referenced above was substantially completed on June 1, 2011. In <br /> accordance with the Loan Contract, the Company owes $422.00 for interest accrued during the construction <br /> phase (IDC) of the Project (see attached Project Expenditure Schedule). Please make your "interest only" <br /> payment to the Colorado Water Conservation Board and include Loan Contract Number C 150307 on the <br /> check. <br /> The total amount disbursed under this contract was $76,430.97 ($75,674.23 plus $756.74 for the 1% service <br /> .fee). An adjustment of $834.03 was made to the loan since the remaining funds are not needed. The first <br /> annual loan payment will be due on June 1, 2012, in the amount of $3,815.69 as established in the <br /> Promissory Note (attached). <br /> In accordance with the Borrower's Liability Insurance Provision of the Loan Contract, please note that a <br /> renewed insurance certificate needs to be submitted to the CWCB annually. <br /> It has been a pleasure working with the Las Animas Consolidated Canal Company on this loan. Please <br /> don't hesitate to call if you have any questions regarding this matter. <br /> Sincerely, <br /> Tim Feehan, P. ., Chief Total Loan Amount = $77,265.00 <br /> CWCB Finan Section Expended Amount = $76,430.97 <br /> cc: Alan Hamel, CWCB Board Member, Arkansas Basin <br /> Water Supply Protection • Watershed Protection & Flood Mitigation • Stream & Lake Protection • Finance <br /> Water Conservation & Drought Planning • Intrastate Water Management & Development <br />