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STATE OF COLORADO <br /> • <br /> Colorado Water Conservation Board <br /> Department of Natural Resources °c.coto <br /> 1313 Sherman Street,Room 721 = 1. 4:- e <br /> Denver,Colorado 80203 <br /> Phone:(303)866-3441 0*K- ** <br /> Fax:(303)866-4474 *r876 <br /> www.cwcb.state.co.us 4 <br /> J <br /> May 27, 2014 Glo W <br /> oveoHickenlooper <br /> Mr. Rod Baumgartner,Manager Mike King <br /> DNR Executive Director <br /> Henrylyn Irrigation District <br /> P.O. Box 85 James Eklund <br /> Hudson, CO 80642 CWCB Director <br /> Re: Prospect Reservoir Dam Facing Project <br /> Loan Contract Number C150358 <br /> NOTICE OF PROJECT SUBSTANTIAL COMPLETION <br /> Dear Mr. Baumgartner: <br /> This letter is to advise you that the Project referenced above will be substantially completed on June 1, <br /> 2014. In accordance with the Loan Contract,the Company owes $12,133.74 for interest accrued during <br /> the construction phase of the Project(see attached Project Expenditure Schedule). Please make this <br /> "interest only payment"check payable to the Colorado Water Conservation Board and include the Loan <br /> Contract Number C 150358 on the check. <br /> The total amount disbursed under this contract was$1,824,204.41 ($1,806,142.98 plus $18,061.43 for the <br /> 1% service fee). An adjustment of$1,143,074.59 will be made to the contract for the funds no longer <br /> needed. Peg Mason will initiate the process of amending the contract and Promissory Note. The first <br /> annual loan payment of$78,677.49 will be due on June 1,2015 (see attached Amortization Schedule). <br /> Please note, in accordance with the Borrower's Liability Insurance Provision of the Loan Contract, a <br /> renewed insurance certificate must be submitted to the CWCB annually and a Reserve Account must be <br /> maintained during the entire repayment period. <br /> It has been a pleasure working with you on the successful completion of this project. Please don't hesitate <br /> to call if you have any questions regarding this matter. <br /> Sinter y, <br /> Kirk Russel ,P.E., Chief Loan Contract Amount= $2,967,279.00 <br /> CWCB Finance&Administration Section Expended Amount= $1,824,204.41 <br /> ec: Diane Hoppe,CWCB Board Member, South Platte River Basin <br /> CWCB Finance Section 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 />