C150271 proj completion ltr

• Contract/PO #: C150271
• Contractor Name: WRCC, Inc.
• 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: (303) 866�474
www.cwcb.state.co.us
June 22, 2010
NOTICE OF PROJECT SUBSTANTIAL COMPLETION AND REPAYMENT
Mr. Barry Anderson, President
WRCC, Incorporated
106 Elm Street
Eaton, CO 80615
Re: Contract Number C150271— Big Windsor Dam Spillway Maintenance Project
Dear Mr. Anderson:
Bill Ritter Jr.
Governor
Mike King
DNR Executive
Director
Jennifer L. Gunbell
CWCB Director
This letter is to advise you that the work described in the above referenced Contract was substantially completed as of
March l, 2010.
In accordance with the Contract, WRCC owes $9,910.28 for interest during construction, as calculated on the attached
spreadsheet, due by July 16, 2010. Please make your check for interest during construcrion payable to the Colorado Water
Conservation Board and include the Contract Number on the check.
As outlined in the Promissory Note, Appendix 2 of the Contract, your first loan payment in the amount of $61,839.41 is
due on March 1, 2011. A 1% loan service fee of $12,554.62 was added to your principal balance of $1,255,461.97, for a final
loan balance of $1,268,016.59. An adjustment of $17,713.41 has been subtracted from your approved loan balance of
$1,285,730.00, to adjust for your final principal balance of $1,268,016.59. To eliminate the need to amend the loan contract, your
annual payment is calculated based on your authorized loan amount of $1,285,730.00. Please see the attached Loan Repayment
Schedule and a copy of 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 WRCC on the successful completion
of this project. Please call if you have any quesrions regazding this matter or if we can be of service to you in the future.
Tim Feehan, E.
Chief, Finan e Secrion
cc. Eric Wilkinson, CWCB Boazd Member
Finance Section Files
Contract Amount = $1,285,730.00
Expended Amount = $1,268,016.59
Watershed Protecdon and Flood Mitigation • Finance • Stream and Lake Protection
Interstate & Federal • Water Supply and Plarutu�g • Conservation and Drought Plannu�g