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DNR COLORADO <br /> CO <br /> Colorado Water <br /> ..' Conservation Board LOAN SNAPSHOT <br /> Department of Natural Resources First Annual Payment Due: December 1, 2017 <br /> 1313 Sherman Street, Room 718 Annual Payment Amount: $9,688.03 <br /> Denver, CO 80203 <br /> November 21, 2016 <br /> Mr. Steven Shultz, President <br /> Ish Reservoir Company <br /> P.O. Box 159 <br /> Johnstown, CO 80534 <br /> Re: Emergency Inlet Ditch and Diversion Structure Repair <br /> Loan Contract Number C150376 <br /> NOTICE - COMMENCEMENT OF LOAN REPAYMENT PERIOD <br /> Dear Mr. Schultz: <br /> This letter is to notify you that the Project referenced above is at the end of the 3-year no interest <br /> period. The 27-year repayment period begins on December 1, 2016. No payment is due at this time; the <br /> first annual payment will be due on December 1, 2017. During the repayment period, interest will <br /> accrue on the loan balance and no further disbursements can be made. <br /> The total amount disbursed under this contract was $207,050 ($205,000 plus $2,050 for the 1% service <br /> fee). The annual loan payment will be $9,688.03 as presented in the attached Promissory Note and <br /> 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 /> Kirk Russell, P.E., Chief Loan Contract Amount = $207,050.00 <br /> CWCB Finance Section Disbursed Amount = $207,050.00 <br /> coz <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us v, <br /> John W. Hickenlooper, Governor I Robert Randall, DNR Executive Director I James Eklund, CWCB Director <br /> /87c‘_ �' <br />