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STATE OF COLORADO <br />Colorado Water Conservation Board <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 />February 8, 2011 <br />Mr. Bob Raymond, Owner <br />Raymond Dairy, Inc. <br />1412 M3/4 Road <br />Loma CO 81524 <br />Re: Raymond Ditch Reconstruction Project <br />Loan Contract Number C 150300 <br />Dear Mr. Raymond: <br />NOTICE OF PROJECT SUBSTANTIAL COMPLETION <br />John W. Hickenlooper <br />Governor <br />Mike King <br />DNR Executive Director <br />Jennifer L. Gimbel <br />CWCB Director <br />This letter is to advise you that the Project referenced above was substantially completed on February 1, <br />2011. In accordance with the Loan Contract, the Raymond Dairy, Inc. owes $924.08 for interest accrued <br />during the construction phase of the Project (see attached Project Expenditure Schedule). This "interest only" <br />payment is due February 20, 2011. Please make your check payable to the Colorado Water Conservation <br />Board and include the Loan Contract Number C150300 on the check. <br />The final loan amount is $59,105.00 ($61,105.00 disbursed less $2,000.00 principal pre-payment). Vaughn <br />McWilliams will initiate the process of amending the Promissory Note to reflect the final loan amount after <br />the pre-payment check is received. The first annual loan payrnent will be due on February 1, 2012. <br />In accordance with the Borrower's Liability Insurance Provision of the Loan Contract, Paragraph A.16, please <br />note that a renewed insurance certificate needs to be submitted to the CWCB annually. <br />It has been a pleasure working with you on the successful completion of this project. Please don't hesitate to <br />call if you have any questions regarding this matter. <br />Sincerely, <br />�. � <br />Tim Feehan, P. ., Chief <br />CWCB Fin ce Section <br />cc. John Redifer, CWCB Board Member <br />Contract Amount = $95,950.00 <br />Expended Amount = $61,105.00 <br />Interstate & Federal • Watershed Protection & Flood Mitigation • Stream & Lake Protection • Finance <br />Water Information • Water Conservation & Drought Planning • Water Supply Planning <br />