Laserfiche WebLink
DNR COLORADO <br /> LOAN SNAPSHOT <br /> CO Colorado Water First Annual Payment Due: January 1, 2018 <br /> .. Conservation Board <br /> Department of Natural Resources Annual Payment Amount: $40,169.63` <br /> `Requires contract amendment. <br /> 1313 Sherman Street, Room 718 <br /> Denver, CO 80203 <br /> December 16, 2016 <br /> Mr. Richard Belt, President <br /> Beeman Irrigating Ditch and Milling Company <br /> Attn: Amy Willhite <br /> 1800 Larimer St., Suite 1300 <br /> Denver, CO 80202 <br /> Re: Emergency Beeman Diversion Dam Repair <br /> Loan Contract Number CT2015-018 (C150385) <br /> NOTICE - COMMENCEMENT OF LOAN REPAYMENT PERIOD <br /> Dear Mr. Belt: <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 January 1, 2017. No payment is due at this time; the <br /> first annual payment will be due on January 1, 2018. During the repayment period interest will accrue <br /> on the loan balance and no further disbursements can be made. <br /> The total amount disbursed under this contract was $1,479,643.46 ($1,464,993.52 plus $14,649.94 for <br /> the 1% service fee). An adjustment of $540,356.54 was made for funds not needed. You have applied <br /> $621,149.11 in principal prepayments, bringing your final loan balance to $858,494.35. Peg Mason will <br /> initiate the process of amending the contract and Promissory Note to reflect the final loan balance. <br /> The annual loan payment based on the final loan balance is $40,169.63 (see attached Loan Repayment <br /> 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. It has been a pleasure working with you on the <br /> successful completion of this project. Please don't hesitate to call if you have any questions regarding <br /> this matter. <br /> Sincerely, <br /> lj2( Loan Contract Amount = $2,020,000.00 <br /> L <br /> Disbursed Amount = $1,479,643.46 <br /> Kirk Russell, P.E., Chief Principal Prepayments = $621,149.11 <br /> CWCB Finance Section Final Loan Balance = $858,494.35 <br /> y' A <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us : <br /> John W. Hickenlooper, Governor I Robert Randall, DNR Executive Director I James Eklund, CWCB Director * *( <br />