Laserfiche WebLink
DNR COLORADO <br /> CO Colorado Water <br /> Conservation Board <br /> Department of Natural Resources <br /> 1313 Sherman Street, Room 718 <br /> Denver, CO 80203 <br /> May 6, 2016 <br /> Mr. Robert Sakata, President <br /> Brighton Ditch Company <br /> P.O. Box 185 <br /> Fort Lupton, CO 80621 <br /> Re: River Breach Repair Project <br /> Loan Contract Number CT2016-2040 <br /> NOTICE OF PROJECT SUBSTANTIAL COMPLETION <br /> Dear Mr. Sakata: <br /> This letter is to advise you that the Loan referenced above was substantially completed on May 1, 2016. In <br /> accordance with the Loan Contract, the Company owes $420.22 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 on the check. <br /> The total amount disbursed under this contract was $225,000.00 ($222,772.00 plus $2,228.00 for the 1% <br /> service fee). The first annual loan payment will be due on May 1, 2017, in the amount of$10,821.76 as <br /> presented in the attached Promissory Note and Loan Repayment 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 /> 0? <br /> Kirk Russell, P.E., Chief Loan Contract Amount = $225,000.00 <br /> CWCB Finance Section Expended Amount = $225,000.00 <br /> 4. co <br /> l <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us 74. <br /> John W. Hickenlooper, Governor I Robert Randall, Interim DNR Director I James Eklund, CWCB Director * *, <br /> * a8"76".,/ <br />