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STATE OF COLORADO <br /> Colorado Water Conservation Board 4.tiR coNSF4 <br /> Department of Natural Resources c sv __, Y v'1. <br /> 1313 Sherman Street,Room 721 0 `� :=,!to <br /> Denver,Colorado 80203 0`� ♦; 1. S�s� <br /> Phone:(303)866-3441 ` <br /> FAX:(303)866-4474 41937 4• <br /> www.cwcb.state.co.us <br /> Bill Owens <br /> March 28, 2003 -Governor <br /> Greg E.Walcher <br /> Executive Director <br /> Dolores Water Conservancy District <br /> Attn: Steve Arveschoug, General Manager Rod Kuharich <br /> P. O. Box 1150 CWCB Director <br /> Cortez, CO 81321 Dan McAuliffe <br /> Deputy Director <br /> Subject: Loan Contract No. C150003 <br /> Dear Mr. Arveschoug: <br /> Pursuant to an agreement with John Porter, the CWCB agreed to cash the certificates of <br /> deposit that were pledged as security and use the proceeds to pay off Contract C150003. <br /> The proceeds from the certificates of deposit were distributed as follows: <br /> $ 3,795.42 applied to accrued interest <br /> $61,480.00 applied to outstanding principal <br /> $17,381.59 balance of proceeds made payable to Dolores Water Conservancy <br /> District (Check No. 736655133 enclosed) <br /> Attached for the District's records are the original Feasibility Report Loan Contract No. <br /> C150003 and original Promissory Note dated February 25, 2000, both stamped "PAID" <br /> denoting that the terms of this loan contract have been satisfied in full. <br /> Should you have any questions, please contact me at (303) 866-3462 or Steve Biondo, the <br /> CWCB Contract Compliance Officer, at (303) 866-3495. If we can be of any further <br /> assistance to you, please let us know. <br /> - truly yours, <br /> ‘161; ael-CI <br /> Jan' lian, Contract Manager <br /> W. - , Supply Planning and Finance Section <br /> cc: Biondo, CWCB <br /> Contract File <br /> Flood Protection•Water Supply Planning and Finance•Stream and Lake Protection <br /> Water Supply Protection•Conservation and Drought Planning <br />