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STATE OF COLORADO <br /> Colorado Water Conservation Board R X05 <br /> ap�� F.CO FkG <br /> Department of Natural Resources <br /> 1313 Sherman Street,Room 721 � \90' <br /> Denver,Colorado 80203 C' <br /> Phone:(303)866-3441 GJ' ,t -- ' <br /> Fax:(303)866-4474 •�� <br /> 876 �• <br /> www.cwcb.state.co.us • ., <br /> John W. <br /> December 6, 2013 Go ernoHickenlooper r <br /> Mike King <br /> Ish Reservoir Company Il y DNR Executive Director <br /> Attn: Jill Baty, Officer Manager& Secretary of the Board <br /> P.O. Box 159 James Eklund <br /> CWCB Director <br /> Johnstown, CO 80534 <br /> Re: Emergency Inlet Ditch and Diversion Structure Repair <br /> Contract Number C 150376 <br /> NOTICE OF REPAYMENT TERMS <br /> Dear Ms. Baty: <br /> This letter is to inform you that the CWCB has established a Payment Initiation Date of <br /> December 1,2013. In accordance with the Loan Contract,the Company will not accrue interest <br /> on any loan balance for three years. On December 1, 2016, CWCB will apply the 1% service fee <br /> and the principal amount borrowed will begin accruing at the approved interest rate. <br /> On December 1, 2017,the Company will begin annual repayment of the Loan's principal and <br /> interest as shown on the attached amortization schedule unless modified by a contract <br /> amendment. <br /> Please note, in accordance with the Borrower's Liability Insurance Provision of the Loan <br /> Contract, a renewed insurance certificate must be submitted to the CWCB annually and a <br /> Reserve Account must be funded and maintained during the 27 years of repayment. <br /> Please don't hesitate to call if you have any questions regarding this matter. <br /> Sincerely, <br /> 1� <br /> Kirk Russell, P.E. Chief <br /> Finance Section <br /> ec: Diane Hoppe, CWCB Board Member, South Platte River Basin <br /> CWCB Finance Staff <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 />