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DNR COLORADO <br /> CO Colorado Water <br /> .. Conservation Board <br /> Department of Natural Resources <br /> 1313 Sherman Street, Room 721 <br /> Denver, CO 80203 <br /> July 7, 2014 <br /> Mr. Dan Grant, Secretary/Treasurer <br /> Boulder and Left Hand Irrigation Company <br /> P.O. Box 1826 <br /> Longmont, CO 80502 <br /> Re: Tracy Lateral Pipeline at the Wederquist "Y" Project <br /> Loan Contract Number C150357 <br /> NOTICE OF PROJECT SUBSTANTIAL COMPLETION <br /> Dear Mr. Grant: <br /> This letter is to advise you that the Project referenced above was substantially completed on July 1, <br /> 2014. In accordance with the Loan Contract, the Company owes $654.84 for interest accrued during the <br /> 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 C150357 on the check. <br /> The total amount disbursed under this contract was $202,000 ($200,000 plus $2,000 for the 1%service <br /> fee). The first annual loan payment will be due on July 1, 2015, in the amount of $9,459.10 as <br /> presented in the attached Promissory Note and 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 <br /> hesitate to call if you have any questions regarding this matter. <br /> Sincerely, <br /> )6)2—CC___ <br /> Kirk Russell, P.E., Chief Loan Contract Amount = $202,000 <br /> CWCB Finance Section Expended Amount = $202,000 <br /> ec: Diane Hoppe, CWCB Board Member, South Platte River Basin <br /> CWCB Finance Section Staff <br /> / oP COIo <br /> e�4' ?.yam, <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us y� o <br /> John W. Hickenlooper, Governor I Mike King, DNR Director I James Eklund,CWCB Director * <br /> J* 876 4- <br /> "/ <br />