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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 />August 28, 2013 <br />Mr. Don Keains <br />Town of LaVeta <br />P.O. Box 174 <br />La Veta, CO 81055 -0174 <br />Re: North Lake Dam Rehabilitation Project <br />Loan Contract Number C 1503 29 <br />NOTICE OF PROJECT SUBSTANTIAL COMPLETION <br />Dear Mr. Keains: <br />John W. Hickenlooper <br />Governor <br />Mike King <br />DNR Executive Director <br />James Eklund <br />CWCB Director <br />This letter is to advise you that the Project referenced above will be substantially completed on September 1, <br />2013. In accordance with the Loan Contract, the Company owes $5,505.07 for interest accrued during the <br />construction phase of the Project (see attached Project Expenditure Schedule). Please make this "interest <br />only payment" check payable to the Colorado Water Conservation Board and include the Loan Contract <br />Number C 150329 on the check. <br />The total amount disbursed under this contract was $344,138.61 ($340,731.30 plus $3,407.31 for the 1% <br />service fee). The first annual loan payment will be due on September 1, 2014, in the amount of $19,014.27 <br />as presented in the attached Loan Repayment Schedule and Promissory Note. An adjustment of $28,551.39 <br />was made for funds no longer needed. <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. <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 />& �-) -W <br />Kirk Russell, P.E., Chief <br />CWCB Finance Section <br />ec: Alan Hamel, CWCB Board Member, Arkansas River Basin <br />CWCB Finance Section Staff <br />Loan Contract Amount = $372,690.00 <br />Expended Amount = $344,138.61 <br />Interstate Compact Compliance • Watershed Protection • Flood Planning & Mitigation • Stream & Lake Protection <br />Water Project Loans & Grants • Water Modeling • Conservation & Drought Planning • Water Supply Planning <br />