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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 />April 9, 2013 <br />Mr. Greg Teter, Manager <br />Parkville Water District <br />2015 North Popular <br />Leadville, CO 80461 <br />Re: Canterbury Tunnel Repair Project <br />Loan Contract Number C 15 03 08 <br />NOTICE OF PROJECT SUBSTANTIAL COMPLETION <br />Dear Mr. Teter: <br />John W. Hickenlooper <br />Governor <br />Mike King <br />DNR Executive Director <br />Jennifer L. Gimbel <br />CWCB Director <br />This letter is to advise you that the Project referenced above will be substantially completed on February 1, <br />2013. In accordance with the Loan Contract, the Company owes $17,441.87 for interest accrued during the <br />construction phase of the Project (see attached Project Expenditure Schedule). Please make your "interest <br />only payment" check payable to the Colorado Water Conservation Board and include the Loan Contract <br />Number C150308 on the check. <br />The total amount disbursed under this contract was $1,026,371.44 ($1,016,209.35 plus $10,162.09 for the 1% <br />service fee). An adjustment of $811,828.56 will be made to the contract for the funds no longer needed. Peg <br />Mason will initiate the process of amending the contract and Promissory Note. The first annual loan payment <br />of $59,355.16 will be due on February 1, 2014 (see attached Amortization Schedule). <br />Please note, in accordance with the Borrower's Liability Insurance Provision of the Loan Contract, a renewed <br />insurance certificate must be submitted to the CWCB annually and a Reserve Account must be maintained <br />during the entire repayment period. <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 />Sincerely, <br />& Pc-a <br />Kirk Russell, P.E., Chief <br />CWCB Finance & Administration Section <br />cc: Alan Hamel, CWCB Board Member, Arkansas River Basin <br />CWCB Finance Section Staff <br />Current Contract Amount = $1,838,200.00 <br />Expended Amount = $1,026,371.44 <br />Interstate & Federal • Watershed Protection & Flood Mitigation • Stream & Lake Protection • Finance <br />Water Information • Water Conservation & Drought Planning • Water Supply Planning <br />