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STATE OF COLORADO <br /> Colorado Water Conservation Board <br /> Department of Natural Resources �F `O <br /> 1313 Sherman Street,Room 721 ;��/ �o�� <br /> Denver,Colorado 80203 0,* T r <br /> Phone:(303)866-3441 0�# ✓'**'c <br /> Fax:(303)866-4474 4�t X876 <br /> www.cwcb.state.co.us • /9 39 3 7 e <br /> December 12, 2013 (Corrected February 3,2014) <br /> John W.Hickenlooper <br /> Governor <br /> Ms. Donna Coble, Secretary Mike King <br /> Union Ditch Company DNR Executive Director <br /> PO Box 445 James Eklund <br /> Greeley, CO 80632 CWCB Director <br /> Re: Well Augmentation/Recharge Project <br /> Loan Contract Number C150172 <br /> NOTICE OF PROJECT SUBSTANTIAL COMPLETION <br /> Dear Ms.Coble: <br /> This letter is to advise you that the Project referenced above was substantially completed on December 1, <br /> 2013.In accordance with the Loan Contract,the Company owes$2,266.41 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 on the check. <br /> The total amount disbursed under this contract was$100,061.53($99,070.82 plus$990.71 for the 1%service <br /> fee).An adjustment of$209,438.47$212,533.47 will be made to the contract for the funds no longer needed. <br /> Peg Mason,will initiate the process of amending the contract and Promissory Note.The first annual loan <br /> payment of$4,780.70 will be due on December 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 /> Kirk Russell,P.E.,Chief Current Contract Amount=$312,595.00 <br /> CWCB Finance&Administration Section Expended Amount=$100,061.53 <br /> ec: Diane Hoppe,CWCB Board Member,South Platte River Basin <br /> CWCB Finance Section 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 />