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DNR COLORADO <br /> CO Colorado Water <br /> � Conservation Board <br /> Department of Natural Resources <br /> 1313 Sherman Street, Room 721 <br /> Denver, CO 80203 <br /> December 16, 2016 <br /> Mr. Patrick Mulhern, General Manager <br /> Cottonwood Water Sanitation District <br /> 2 Inverness Drive East, Suite 200 <br /> Englewood CO 80112 <br /> Re: Water Infrastructure and Supply Efficiency (WISE) Project - ECCV Pipeline Purchase <br /> Loan Contract Number CT2015-102 <br /> NOTICE OF PROJECT SUBSTANTIAL COMPLETION <br /> Dear Mr. Mulhern: <br /> This letter is to advise you that the Project referenced above will be substantially completed on <br /> January 1, 2017. In accordance with the Loan Contract, the District owes $18,186.34 for interest <br /> accrued during the Project (see attached Project Expenditure Schedule). Please make this "interest <br /> only payment" check payable to the Colorado Water Conservation Board and include the above Loan <br /> Contract Number on the check. <br /> The total amount disbursed under this contract was $342,921.05 ($339,525.79 plus $3,395.26 for the <br /> 1% service fee). An adjustment of $38,858.95 will be made to the contract for funds no longer needed. <br /> Peg Mason will initiate the process of amending the contract and Promissory Note. The annual loan <br /> payment will remain $19,478.13, and the first payment will be due on January 1, 2018 (see attached <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 <br /> be 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 /> a) ? C( <br /> Kirk Russell, P.E. Chief Loan Contract Amount = $381,780.00 <br /> CWCB Finance Section Expended Amount = $342,921.05 <br /> cc: Patricia Wells, CWCB Board Member, City and County of Denver Basin <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 />