C150281 proj completion ltr

• Contract/PO #: C150281
• Contractor Name: Water Supply and Storage Company
• Contract Type: Loan
• Water District: 0
• County: Larimer
• Loan Projects - Doc Type: Project Completion Letter

STATE OF COLORADO
Colorado Water Conservation Board
Department of Natural Resources
1313 Sherman Street, Room 721
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]
www.cwcb.state.co.us
April 26, 2010
NOTICE OF PROJECT SUBSTANTIAL COMPLETION AND REPAYMENT
Mr. Dennis J. Harmon, Manager
Water Supply and Storage Company
P.O. Box 1584
Fort Collins, CO 80522
Re: Contract Number C150281— Grand River Ditch and Kluver Reservoir Outlet Projects
Dear Mr. Harmon:
Bill Ritter Jr.
Governor
James B. Martin
DNR Executive
Director
Jennifer L. Gimbel
CWCB Director
This letter is to advise you that the work described in the above referenced Contract was substantially completed as of
April 1, 2010.
In accordance with the Contract, you owe $11,155.29 for interest during construction, as calculated on the attached
spreadsheet. As requested, the $11,155.29 in accumulated interest has been transferred to principal, which is illustrated on the
attached spreadsheet.
As outlined in the Promissory Note, Appendix 2 of the Contract, your first loan payment in the amount of $39,270.64 is
due on April 1, 2011. A 1% loan service fee of $6,975.29 was added to your principal balance of $697,528.62, for a final loan
balance of $704,503.91. An adjustment of $138,846.09 has been subtracted from your approved loan balance of $843,350.00,
since these loan funds will not be needed. Please see the attached Loan Repayment Schedule. Vaughn McWilliams, our Contract
Administrator, will be in contact to amend the Promissory Note.
In accordance with the Borrower's Liability Insurance Provision of the Contract, Paragraph A.6, please note that the
renewed insurance certificates need to be provided to the Colorado Water Conservation Board annually.
It has been a pleasure of the Colorado Water Conservation Board to work with the Water Supply and Storage Company
on the successful completion of this project. Please call if you have any questions regarding this matter or if we can be of service
to you in the future.
CC. Eric Wilkinson, CWCB Board Member
Water Supply Planning and Finance Section
Project file
Contract file
Tim Feehan, P
Chief, Finan Section
Contract Amount = $843,350.00
Expended Amount = $704,503.91
Flood Protection • Finance • Stream and Lake Protection
Water Supply Protection • Conservation and Drought Planning