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Sharon, <br /> The current balance on the Emergency Fossil Creek Reservoir Inlet Diversion Structure Repair, Contract#CT2015- <br /> 024 (C150368), including the 1% service fee is $771,174.77. Interest will begin accruing on November 1, 2018 and the <br /> first annual payment will be due on November 1, 2019. <br /> In accordance with the amended contract, Section 7, Additional Conditions & Contract Requirements, Appendix 1, <br /> Page 2 reads: Except for FEMA grant funds, any future grand funds obtained for the purpose of this Project shall be <br /> submitted to CWCB to be applied to the balance of the loan within thirty (30) calendar days after receipt of said funds. <br /> Non-rescinded FEMA grant funds shall be applied to the balance of the loan within thirty (30) calendar days after <br /> FEMA Project Closeout, as long as the borrower deposits received FEMA grant funds in a secured account prior to <br /> Project Closeout. FEMA grant funds shall only be used for the repayment of rescinded grant funds, or to pay down <br /> the loan principal. <br /> Therefore please submit any principal prepayments as applicable. The check should be sent to: <br /> Colorado Water Conservation Board <br /> Attn: Steve Biondo <br /> 1313 Sherman St, Rm 718 <br /> Denver, CO 80203 <br /> Please include the contract number CT2015-024 (C150368)on the check and a note explaining what the check is for <br /> (eg. FEMA principal prepayment). <br /> Thank you, and please don't hesitate to contact Steve or me should you have any questions. <br /> Jonathan Hernandez, P.E. <br /> Water Project Loan Program <br /> Finance Section <br /> 0 303.866.3441 x32341 C 720.376.3406 <br /> 1313 Sherman St., Rm. 718, Denver, CO 80203 <br /> ionathan.hemandezCa)state.co.us i cwcb.state.co.us <br /> On Sun, Feb 5, 2017 at 1:59 PM, Sharon Seaworth <sseaworth@npicwater.com> wrote: <br />