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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 />May 18, 2012 <br />Tom and Linda Hill <br />7990 5425 Road <br />Olathe, CO 81425 <br />RE: Tom C. Hill Loan Modification <br />Loan Contract No. C150233 <br />Dear Tom and Linda: <br />Bill Ritter, Jr. <br />Governor <br />Mike King <br />DNR Executive Director <br />Jennifer L. Gimbel <br />CWCB Director <br />This letter is to inform you that on May 16, 2012 the Colorado Water Conservation Board approved <br />staff recommendation to restructure your Loan Contract No. C 150233 to the new term of 27 years <br />at the agricultural rate of 2.50% per annum for the remaining principal balance of $71 5,942.01. <br />The first annual payment of $36,782.86 will be due on May 1, 2013. I have attached a copy of the <br />updated Board memo dated March 18, 2012 and a new Loan Repayment Schedule for your files. <br />We will begin working on the contract amendment to reflect the new repayment terms and send it to <br />you for your review and signature. Please let me know if you have any questions or concerns. <br />Sincerely, <br />62,-q, <br />Kirk Russell, Chief <br />Finance and Administration Section <br />Colorado Water Conservation Board <br />E -Copy: Russell George, CWCB Board Member, Colorado River Basin <br />Attachments: Updated Board Memo, Amortization Schedule <br />Interstate & Federal - Watershed Protection & Flood Mitigation - Stream & Lake Protection - Finance <br />Water Information - Water Conservation & Drought Planning - Water Supply Planning <br />