Laserfiche WebLink
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 /> August 5, 2014 <br /> Ms. Leslie G. Lewis, Treasurer <br /> Missouri Heights - Mountain Meadow Irrigation Company <br /> P.O. Box 548 <br /> Carbondale, CO 81623 <br /> Re: Irrigation Ditch Lining Project <br /> Contract Number C150351 (CORE#2015-0053) <br /> NOTICE OF PROJECT SUBSTANTIAL COMPLETION <br /> Dear Ms. Lewis: <br /> This letter is to advise you that the Project referenced above will be substantially completed on July 1, <br /> 2014. It is our understanding that the Company will be submitting a check for the amount received from <br /> NRCS of $268,969.29 and an additional $81,030.00 from the Company's cash reserves for a total amount of <br /> $349,999.29 to be applied towards the loan principal. In addition, the Company owes $4,937.53 for <br /> interest accrued during the construction phase of the Project (see attached Project Expenditure <br /> Schedule). When remitting payment to the CWCB please make the check payable to the Colorado Water <br /> Conservation Board and include the Loan Contract Number on the check. <br /> The total amount disbursed under this contract was $428,548.48 ($424,305.43 plus $4,243.05 for the 1% <br /> service fee). After receipt of principal prepayments the total principal remaining on the loan is <br /> $78,549.19. Peg Mason will initiate the process of amending the contract and Promissory Note. The first <br /> annual loan payment of$3,604.40 will be due on July 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 <br /> hesitate to call if you have any questions regarding this matter. <br /> Sincerely, <br /> dracz: <br /> Kirk Russell, P.E., Chief Loan Contract: $454,500.00 <br /> CWCB Finance Section Expended: $428,548.48 <br /> ec: Russell George, CWCB Board Member - Colorado River Basin <br /> CWCB Finance Staff <br /> of•cOCo <br /> A., 4,\ <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us I f <br /> cn-- \o <br /> John W. Hickenlooper, Governor I Mike King, DNR Director I James Eklund, CWCB Director \* j l <br />