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STATE OF COLORADO <br /> Colorado Water Conservation Board <br /> Department of Natural Resources ��/ , <br /> 1313 Sherman Street,Room 721 ye lip - <br /> Denver,Colorado 80203 (_ <br /> ,— * J <br /> Phone:(303)866-3441 <br /> Fax:(303)866-4474 •'N <br /> �� tee <br /> www.cwcb.state.co.us <br /> March 26,2014 <br /> John W.Ilickenlooper <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 C 150349 <br /> NOTICE OF PROJECT SUBSTANTIAL COMPLETION <br /> Dear Mr. Karney: <br /> This letter is to advise you that the Project referenced above was substantially completed on April 1,2014. <br /> The total amount disbursed under this contract was$2,116,564.05($2,095,607.97 plus$20,956.08 for the 1% <br /> service fee).Per your request,this includes$23,384.99 for interest accrued during the construction phase of the <br /> Project(see attached Project Expenditure Schedule). The first annual loan payment will be due on April I, <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 initiate the process to amend the <br /> contract. <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 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&Mitigation•Stream&Lake Protection <br /> Water Project Loans&Grants•Water Modeling•Conservation&Drought Planning•Water Supply Planning <br />