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DNR COLORADO <br /> COColorado Water <br /> ..' Conservation Board LOAN SNAPSHOT <br /> Department of Natural Resources First Annual Payment Due: March 1, 2018 <br /> Annual Payment Amount: $9,720.48* <br /> 1313 Sherman Street, Room 718 *Requires contract amendment. <br /> Denver, CO 80203 <br /> February 8, 2016 <br /> Ms. Anne Smith, Secretary <br /> Green Ditch Company <br /> 229 Terry Street <br /> Longmont, CO 80501 <br /> Re: Emergency Green Ditch Repair <br /> Loan Contract Number CT2015-009 (C150383) <br /> NOTICE - COMMENCEMENT OF LOAN REPAYMENT PERIOD <br /> Dear Ms. Smith: <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 March 1, 2017. No payment is due at this time; the <br /> first annual payment will be due on March 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 $189,199.50 ($187,326.24 plus $1,873.26 for the 1% <br /> service fee). An adjustment of $341,050.50 will be made for funds not needed. Peg Mason will initiate <br /> the process of amending the contract and Promissory Note to reflect the final loan balance. The annual <br /> loan payment based on the final loan balance is $9,720.48 (see attached 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. 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 /> , Ca_0(..., <br /> ' Loan Contract Amount = $530,250.00 <br /> Disbursed Amount = $189,199.50 <br /> Kirk Russell, P.E., Chief Principal Prepayments = $0.00 <br /> CWCB Finance Section Final Loan Balance = $189,199.50 <br /> M<,,/ r . <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us 41T �o' <br /> John W. Hickenlooper, Governor I Robert Randall, DNR Executive Director I James Eklund, CWCB Director \* j*,' <br /> , <br /> #.18 7 6,j._ <br />