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STATE OF COLORADO <br /> Colorado Water Conservation Board \„,oNSIR <br /> Department of Natural Resources � .ov c 1o�97,S- <br /> 1313 Sherman Street,Room 721 /e. ` o Z <br /> Denver,Colorado 80203 - O <br /> Phone:(303)866-3441 ** <br /> Fax:(303)866 4474 *f 876* <br /> www.cwcb.state.co.us '9 ;7 <br /> March 26,2014 <br /> John W.Hickenlooper <br /> Governor <br /> Tyler Karney Mike King <br /> Ordway Feedyard,LLC DNR Executive Director <br /> 19424 Hwy 96 James Eklund <br /> Ordway,CO 81063 CWCB Director <br /> Re: Ordway Feedyard Raw Water Line Extension Project <br /> Loan Contract Number C150349 <br /> NOTICE OF PROJECT SUBSTANTIAL COM'LETION <br /> Dear Mr.Karney: <br /> This letter is to advise you that the Project referenced above was substantiall, completed on April 1,2014. <br /> The total amount disbursed under this contract was$2,116,564.05 ($2,095,617.97 plus$20,956.08 for the 1% <br /> service fee).Per your request,this includes$23,384.99 for interest accrued d ing the construction phase of the <br /> Project(see attached Project Expenditure Schedule). The first annual loan s ayment will be due on April 1, <br /> 2015, in the amount of$91,286.89 as presented in the attached Amortization Schedule. An adjustment in the <br /> amount of$408,435.95 was made for funds not disbursed. Peg Mason will i itiate the process to amend the <br /> contract. <br /> Please note,in accordance with the Borrower's Liability Insurance Provisio of the Loan Contract,a renewed <br /> insurance certificate must be submitted to the CWCB annually and a Resery 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 call <br /> if you have any questions regarding this matter. <br /> Sincerely, <br /> Kirk Russell,P.E.,Chief Loan Contract Amount=$2,525,000.00 <br /> CWCB Finance&Administration Section Expended Amount=$2,116,564.05 <br /> ec: Alan Hamel,CWCB Board Member,Arkansas River Basin <br /> CWCB Finance Staff <br /> Interstate Compact Compliance•Watershed Protection•Flood Planning&Mitig:tion•Stream&Lake Protection <br /> Water Project Loans&Grants•Water Modeling•Conservation&Drought Pla ning•Water Supply Planning <br />