CT2015-041 Substaintial Completion Letter

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DNR COLORADO CO % Colorado Water ' Conservation Board Department of Natural Resources 1313 Sherman Street, Room 718 Denver, CO 80203 December 1, 2014 Mr. Larry Moore, General Manager Roxborough Water and Sanitation District, Water Activity Enterprise 622 N. Roxborough Park Road Littleton, CO 80125 Re: Raw Water Supply Project Loan Contract Number C150346 (CT2015-041) NOTICE OF PROJECT SUBSTANTIAL COMPLETION Dear Mr. Moore: This letter is to advise you that the Project referenced above was substantially completed on December 1, 2014. In accordance with the Loan Contract, the District owes $16,343.49 for interest accrued during the construction phase of the Project (see attached Project Expenditure Schedule). Please make this "interest only payment" check payable to the Colorado Water Conservation Board and include the Loan Contract Number C150346 on the check. The total amount disbursed under this contract was $18,538,550.00 ($18,355,000.00 plus $183,550.00 for the 1% service fee). The first annual loan payment will be due on December 1, 2015, in the amount of $976,642.64 as presented in the attached Loan Repayment Schedule. Please note, in accordance with the Borrower's Liability Insurance Provision of the Loan Contract, a renewed insurance certificate must be submitted to the CWCB annually and a Reserve Account must be maintained during the entire repayment period. It has been a pleasure working with you on the successful completion of this project. Please don't hesitate to call if you have any questions regarding this matter. Sincerely, 4r24,1_ Kirk Russell, P.E., Chief Loan Contract Amount = $18,538,550.00 CWCB Finance Section Expended Amount = $18,538,550.00 ec: Patricia Wells, CWCB Board Member, City and County of Denver P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us John W. Hickenlooper, Governor I Mike King, DNR Director I James Eklund, CWCB Director *`� X1876