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<br />~ <br /> <br />STATE OF COLORADO <br /> <br />~ <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866.3441 <br />FAX: (303) 866-4474 <br />www.cwcb.state.co.us <br /> <br />~ <br /> <br />Bill Owens <br />Governor <br /> <br />February 28, 2001 <br /> <br />NOTICE OF PROJECT SUBSTANTIAL COMPLETION AND REPAYMENT SCHEDULE <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />Rod Kuharich <br />ewCB Director <br /> <br />Leroux Creek Water Users Association <br />Thomas M. Alvey, President <br />11653100 Road <br />Hotchkiss, CO 81419 <br /> <br />Dan McAuliffe <br />Acting Director <br /> <br />Re: Contract Number C 150008 - Carl Smith Reservoir Dam Rehabiltation <br /> <br />Dear Mr. Alvey, <br /> <br />This letter is to advise you that the work described in the above referenced Contract was substantially completed as of <br />November 1,2000. <br /> <br />In accordance with the Contract, the Leroux Creek Water Users Association owes $54,612.39 for interest during <br />construction, as calculated on the attached spreadsheet. As discussed, $39,000.00 of your current remaining loan balance of <br />$39,258.49 will be applied to the amount owed for interest during construction. The remaining loan balance of $258.49 will <br />be mailed to you by check. Therefore, the remaining interest during construction balance owed by the Leroux Creek Water <br />Users Association is $15,612.39. Please send a check for this amount payable to the Colorado Water Conservation Board <br />and include the Contract Number on the check, due by March 16, 2001. <br /> <br />As outlined in the Promissory Note, Appendix 2 of the Contract, your first loan payment in the amount of $81 ,327.0& <br />is due on November 1,2001. Please see the attached Repayment Schedule and a copy of the Promissory Note. <br /> <br />In accordance with the Borrower's Liability Insurance Provision of the Contract A.6, please note that renewed <br />insurance certificates need to be provided to the Colorado Water Conservation Board annually. <br /> <br />It has been a pleasure of the Colorado Water Conservation Board to work with the Leroux Creek Water Users <br />Association on the successful completion of this project. Please call if you have any questions regarding this matter or if we <br />can be of service to you in the future. <br /> <br />~~ <br /> <br />Michael G. Serlet, P.E. <br />Chief, Water Supply Planning and Finance Section <br /> <br />ce. <br /> <br />DNR Accounting <br />Project Planning and Construction Section <br />Project fIle <br />Contract fIle <br />Accounts Receivable <br />Attorney General's Office <br /> <br />Contract Amount = $1,450,000 <br />Expended Amount = $1,450,000 <br /> <br />Flood Protection · Water Project Planning and Financing. Stream and Lake Protection <br />Water Supply Protection. Conservation Planning <br />