Laserfiche WebLink
STATE OF COLORADO <br /> Colorado Water Conservation Board �c�S�k�. <br /> ot v� <br /> Department of Natural Resources <br /> 1313 Sherman Street,Room 721 a <br /> Denver,Colorado 80203 *, * a° <br /> Phone:(303)866-3441 \ <br /> Fax:(303)866-4474 <br /> www.cwcb.state.co.us ' 1 9 3-� <br /> John W. <br /> May 15, 2014 Governor Hickenlooper r <br /> Mike King <br /> Mr. Aaron Kennedy DNR Executive Director <br /> Green Ditch Company <br /> 229 Terry Street James Eklund <br /> � CWCB Director <br /> Longmont, CO 80501 <br /> Re: Emergency Green Ditch Channel Repair Contract Number C150383 <br /> NOTICE OF REPAYMENT TERMS <br /> Mr. Kennedy: <br /> This letter is to inform you that the CWCB has established a Payment Initiation Date of March 1, <br /> 2014. In accordance with the Loan Contract,the Company will not accrue interest on any loan <br /> balance for three years. On March 1, 2017, CWCB will apply the 1% service fee and the <br /> principal amount borrowed will begin accruing at the approved interest rate. <br /> On March 1, 2018, 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 /> 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 />