Laserfiche WebLink
STATE OF COLORADO <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />1580 Logan Street, Suite 600 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />Fa�c: (303) 894-2578 <br />www. cwcb. state. co. us <br />July 1, 2011 <br />Barry Anderson, President <br />�%RCC, I11C. <br />106 Elm Ave <br />Eaton, CO 80615 <br />Re: Cobb Lake Inlet Structure Project <br />Loan Contract Number C150302 <br />NOTI�E OF PROJECT SUBSTANTIAL COMI'LETION <br />Dear Mr. Anderson: <br />John W. Hickeniooper <br />Govemor <br />Mike King <br />DNR Execu6ve Director <br />Jennifer L. Gimbel <br />CWCB Director <br />'This letter is to advise you that the Project referenced above was substantially completed on July l, 2011. In <br />accordance with the Loan Contract, the Company owes $18,150.82 for interest accrued during the <br />construction phase (IDC) of the Project (see attached Project Expenditure Schedule). Please make your <br />"interest only" payment to the Colorado Water Conservation Board and include Loan Contract Number <br />C 150302 on the check. <br />The total amount disbursed under this contract was $1,352,116.66 ($1,338,729.37 plus $13,387.29 for the 1% <br />service fee). The first annual loan payment will be due on July 1, 2012, in the amount of $67,676.96 as <br />established in the Promissory Note (attached). An adjustment of $475.34 was made to the original loan <br />amount of $1,352,592.00 since the remaining funds are not needed. <br />In accordance with the Borrower's Liability Insurance Provision of the Loan Contract, please note that a <br />renewed insurance certificate needs to be submitted to the CWCB annually. <br />It has been a pleasure working with WRCC, Inc. on this loan. Please don't hesitate to call if you have any <br />questions regarding this matter. <br />Sincerely, <br />O <br />Tim Feehan :E., Chief <br />CWCB Finance Section <br />cc: Eric Wilkinson, CWCB Board Member, South Platte Basin <br />Total Loan Amount = $1,352,592.00 <br />Expended Amount = $1,352,116.66 <br />Water Supply Protection • Watershed Protection & Flood Mitigation • Stream & Lake Protection • Finance <br />Water Conservation & Drought Planning • Intrastate Water Management & Development <br />