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<br />e <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />721 Centennial Building <br />1313 Sherman Street <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />fAJt 13031 866.4474 <br /> <br />STATE OF COLORADO <br /> <br />- <br /> <br />o <br /> <br />Roy Romer <br />Governor <br /> <br />November I, 1997 <br /> <br />j..mes S. lochhe..d <br />Executive Diredor, DNR <br />O..ries C. Lile, P.E. <br />Dil'E'ctor. eWeB <br /> <br />NOTICE OF PROJECT SUBST ANnAL COMPLETION AND REPAYMENT SCHEDULE <br /> <br />'Beaver ReServoii-Company4 <br />Mr. Neil Thompson, President <br />1404 4100 Road <br />Paonia, Colorado 81428 <br /> <br />Re: Contract Number C-IS370S - Beaver Reservoir Rehabilitation Project <br /> <br />Dear Mr. Thompson: <br /> <br />e <br /> <br />This letter is to advise you that the work described in the above referenced Contract has been substantially <br />completed as of November I, 1997. In accordance with the Contract repayment conditions, the Beaver <br />Reservoir Company owes $12,023.63 for interest during construction, as calculated on the attached <br />spreadsheet, due on December I, 1997. Additionally, as outlined in paragraph A.8.d. of the Contract, <br />your first loan payment for the amount of $16,136.87 is due on November 1, 1998. Please see the <br />attached Loan Amortization Schedule. <br /> <br />Make your checks payable to the Colorado Water Conservation Board and include the Contract Number <br />on the check. Also, please provide a current certificate of project liability insurance as described on page <br />3, paragraph AS. of the Contract. A current certificate should be submitted each year with your loan <br />payment to verify an up-to-date policy. <br /> <br />It has been a pleasure of the Colorado Water ,Conservation Board to work with Beaver Reservoir <br />Company on the successful completion of this project. Please call if you have any questions regarding <br />this matter or if we can be of service to you in the future. <br /> <br />Sincerely, <br /> <br />~?~ <br /> <br />William P. Stanton, P.E. <br />Chief, Project Planning and Construction Section <br /> <br />cc, <br /> <br />DNR Accounting <br />Project Planning and Construction Section <br />Accounts Receivable <br />Contract File <br />Project File <br />Attomey General's Office <br /> <br />e <br />