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1 <br /> 11 <br /> STATE OF COLORADO <br /> Co ora Water Conservation Board R���5 <br /> Dep rtm n of Natural Resources `°lg`' <br /> 1313 Sherman Street Room 1721 �'� o' <br /> Denver,Colorado 80 03 ■ ( C'_ <br /> Phone:;303)866-34 1 �I o * � ,�.I <br /> Fax:(303)866-4474 �rg�, <br /> www cwcb.state.co.us ■ )�, s / <br /> March 27,2014 John W.Hickenlooper <br /> Governor <br /> Mike King <br /> Mr.Terry Dalp az, Secr:1 .ry/Treasurer DNR Executive Director <br /> North Delta Irr'gation C mpany James Eklund <br /> PO Sox 804 CWCB Director <br /> Delta CO 814 I <br /> Re: NDIC T 1 nel tp',it Project <br /> Loan Co s act u 111 1 ber C150331 <br /> 1 II OTICE OF PROJECT SUBSTANTIAL COMPLETION <br /> Dear r.Dalpi; . <br /> This 1-tter is to .I vise yo that the Project referenced above will be substantially completed on April 1,2014. <br /> In accordance i h the Lo 4 n Contract,the Company owes$46,407.15 for interest accrued during the <br /> con- ction ph.•e of the roject(see attached Project Expenditure Schedule). Please make this"interest <br /> only •ayment" • eck pay ble to the Colorado Water Conservation Board and include the Loan Contract <br /> Num.er C 15 D3 on he I heck. <br /> The total amoun disburse' under this contract was$808,000($800,000.00 plus$8,000.00 for the 1%service <br /> fee). I he first annual boa a payment will be due on April 1,2015, in the amount of$41,758.21 as presented <br /> in the attached Amortiza iiI on Schedule and Promissory Note. <br /> Pleas=note,in ac ordance with the Borrower's Liability Insurance Provision of the Loan Contract,a renewed <br /> insurance certific to must se submitted to the CWCB annually. <br /> It has been a pleasure .vo ing with you on this project.Please don't hesitate to call if you have any questions <br /> regar ing this matter. <br /> Since ely, <br /> Is <br /> Kirk Russell,P.E.,Chef Loan Contract Amount=$808,000.00 <br /> CWCB Finance Section Expended Amount=$808,000.00 <br /> cc: John McClow,C CB Board Member,Gunnison River Basin <br /> CWCB Finance Section Staff <br /> Interstate Compact C 1 mpliance•Watershed Protection•Flood Planning&Mitigation•Stream&Lake Protection <br /> Water Project Loan &Grants•Water Modeling•Conservation&Drought Planning•Water Supply Planning <br /> 1 <br /> 11 <br />