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STATE OF COLORADO <br /> Colorado Water Conservation Board s~P���co "sLq <br /> Department of Natural Resources <br /> 1580 Logan Street, Suite 600 <br /> Denver, Colorado 80203 c <br /> Phone: (303) 866 -3441 o <br /> Fax: (303) 894-2578 • • <br /> www.cwcb.state.co.us �' 1937 <br /> June 1 , 2011 John W. Hickenlooper <br /> Governor <br /> Mike King <br /> Mr. Richard Belt, Board President DNR Executive Director <br /> Consolidated Extension 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 06 <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 $998.48 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 C1 50306 on the <br /> check. <br /> The total amount disbursed under this contract was $178,338.91 ($176,573.18 plus $1,765.73 for the 1% <br /> service fee). An adjustment of $1,946.09 was made to the loan since the remaining funds are not needed. The <br /> first annual loan payment will be due on June 1, 2012, in the amount of $8,903.27 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 Consolidated Extension Canal Company on this loan. Please don't <br /> hesitate to call if you have any questions regarding this matter. <br /> Sincerely, <br /> Tim Feehan, P ., Chief Total Loan Amount = $180,285.00 <br /> CWCB Finan Section Expended Amount= $178,338.91 <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 />