Laserfiche WebLink
DNR COLORADO <br /> CO Colorado Water <br /> w. Conservation Board <br /> Department of Natural Resources <br /> 1313 Sherman Street,Room 721 <br /> Denver,CO 80203 <br /> October 6, 2014 <br /> Mr. Roger Stagner, Mayor <br /> City of Lamar Water/Wastewater Department <br /> 103 North Second Street <br /> Lamar, CO 81052 <br /> Re: Water Transmission Line Project <br /> Loan Contract Number C150367 (CT2015-007) <br /> NOTICE OF PROJECT SUBSTANTIAL COMPLETION <br /> Dear Mr. Stagner: <br /> This Letter is to advise you that the Project referenced above was substantially completed on October <br /> 1, 2014. In accordance with the Loan Contract, the City owes$4,177.23 for interest accrued during the <br /> construction phase of the Project (see attached Project Expenditure Schedule). Please make this <br /> "interest only payment" check payable to the Colorado Water Conservation Board and include the Loan <br /> Contract Number CT2015-007 on the check. <br /> The total amount disbursed under this contract was $616,993.65 ($610,884.80 plus$6,108.85 for the 1% <br /> service fee). An adjustment of$175,856.35 will be made to the contract for funds no longer needed. <br /> Peg Mason will initiate the process of amending the contract and Promissory Note. The first annual <br /> loan payment will be due on October 1, 2015, in the amount of$28,504.70 as presented in the <br /> attached Amortization Schedule. <br /> Please note, in accordance with the Borrower's Liability Insurance Provision of the Loan Contract, a <br /> renewed insurance certificate must be submitted to the CWCB annually and a Reserve Account must be <br /> maintained during the entire repayment period. <br /> It has been a pleasure working with you on the successful completion of this project. Please don't <br /> hesitate to call if you have any questions regarding this matter. <br /> Sincerely, <br /> 140-2----Ck <br /> Kirk Russell, P.E. Chief Loan Contract Amount= $792,850.00 <br /> CWCB Finance Section Expended Amount = $616,993.65 <br /> cc: Alan Hamel, CWCB Board Member, Arkansas River Basin <br /> � c°ja <br /> !1-w , ,1,7 <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us I `9 °, <br /> John W.Hickentooper,Governor I Mike King,DNR Director I James Eklund,CWCB Director 1 \*'m '* <br /> *1876* <br />