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STATE OF COLORADO <br /> Colorado Water Conservation Board .coNS <br /> Department of Natural Resources �P'oF Cp�o�Gq' <br /> 1313 Sherman Street,Room 721 °'Q' \90' <br /> Denver,Colorado 80203 *, 0�a <br /> Phone:(303)866-3441 <br /> Fax:(303)866-4474 ►Ig�s�� <br /> www.cwcb.state.co.us ' /9 ; � <br /> December 6, 2013 <br /> John W.Hickenlooper <br /> Governor <br /> Mr. Gene Kammerzell, President <br /> Mike King Bi Thompson&Platte River Ditch Company <br /> DNR Executive Director <br /> 22465 State HWY 60 <br /> Milliken, CO 80543 James Eklund <br /> CWCB Director <br /> Re: Emergency Big Thompson&Platte River Diversion Structure <br /> Repair <br /> Contract Number C 150373 <br /> NOTICE OF REPAYMENT TERMS <br /> Dear Mr. Kammerzell: <br /> This letter is to inform you that the CWCB has established a Payment Initiation Date of <br /> December 1, 2013. In accordance with the Loan Contract,the Company will not accrue interest <br /> on any loan balance for three years. On December 1, 2016, CWCB will apply the 1% service fee <br /> and the principal amount borrowed will begin accruing at the approved interest rate. <br /> On December 1, 2017, the Company will begin annual repayment of the Loan's principal and <br /> interest as shown on the attached amortization schedule unless modified by a contract <br /> amendment. <br /> Please note, in accordance with the Borrower's Liability Insurance Provision of the Loan <br /> Contract, a renewed insurance certificate must be submitted to the CWCB annually and a <br /> Reserve Account must be funded and maintained during the 27 years of repayment. <br /> Please don't hesitate to call if you have any questions regarding this matter. <br /> Sincerely, <br /> Kirk Russell, P.E. Chief <br /> Finance Section <br /> ec: Diane Hoppe, CWCB Board Member, South Platte River Basin <br /> CWCB Finance Staff <br /> Interstate Compact Compliance•Watershed Protection•Flood Planning&Mitigation•Stream&Lake Protection <br /> Water Project Loans&Grants•Water Modeling•Conservation&Drought Planning•Water Supply Planning <br />