CT2015-117 Substantial Completion Letter

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DNR COLORADO COColorado Water Conservation Board Department of Natural Resources 1313 Sherman Street, Room 721 Denver, CO 80203 December 21, 2016 Mr. Patrick Mulhern, General Manager Inverness Water Sanitation District 2 Inverness Drive East, Suite 200 Englewood, CO 80112 Re: Water Infrastructure and Supply Efficiency (WISE) Project - ECCV Pipeline Purchase Loan Contract Number CT2015-117 NOTICE OF PROJECT SUBSTANTIAL COMPLETION Dear Mr. Mulhern: This letter is to advise you that the Project referenced above will be substantially completed on January 1, 2017. In accordance with the Loan Contract, the District owes $1,651.81 for interest accrued during the Project (see attached Project Expenditure Schedule). Please make this "interest only payment" check payable to the Colorado Water Conservation Board and include the above Loan Contract Number on the check. The total amount disbursed under this contract was $1,845,270.00 ($1,827,000 plus $18,270 for the 1% service fee). The first annual loan payment will be due on January 1, 2018, in the amount of $121,182.07 as presented in the attached Loan Repayment Schedule and Promissory Note. Please note, in accordance with the Borrower's Liability Insurance Provision of the Loan Contract, a renewed insurance certificate must be submitted to the CWCB annually and a Reserve Account must be maintained during the entire repayment period. It has been a pleasure working with you on the successful completion of this project. Please don't hesitate to call if you have any questions regarding this matter. Sincerely, V--Q --QC— Kirk Russell, P.E. Chief Loan Contract Amount = $1,845,270 CWCB Finance Section Expended Amount = $1,845,270 cc: Patricia Wells, CWCB Board Member, Metro Denver Basin /4•: "; P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us y 4--� o John W. Hickenlooper, Governor I Robert Randall, DNR Executive Director I James Eklund, CWCB Director * !y; n' \ 876