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DNR COLORADO LOAN SNAPSHOT <br /> CO Colorado Water First Annual Payment Due: December 1, 2017 <br /> Conservation Board <br /> Annual Payment Amount: $8,997.25* <br /> Department of Natural Resources <br /> *Requires contract amendment. <br /> 1313 Sherman Street, Room 718 <br /> Denver, CO 80203 <br /> November 21, 2016 <br /> Mr. Gene Wagner, Treasurer <br /> Big Thompson and Platte River Ditch <br /> 22465 State Hwy 60 <br /> Milliken, CO 80543 <br /> Re: Emergency Big Thompson and Platte River Diversion Structure Repair <br /> Loan Contract Number CT2015-035 (C150373) <br /> NOTICE - COMMENCEMENT OF LOAN REPAYMENT PERIOD <br /> Dear Mr. Wagner: <br /> This letter is to notify you that the Project referenced above is at the end of the 3-year no interest <br /> period. The 27-year repayment period begins on December 1, 2016. No payment is due at this time; the <br /> first annual payment will be due on December 1, 2017. During the repayment period interest will <br /> accrue on the loan balance and no further disbursements can be made. <br /> The total amount disbursed under this contract was $189,861.39 ($187,981.57 plus $1,879.82 for the 1% <br /> service fee). An adjustment of $618,138.61 was made for funds not needed. Peg Mason will initiate the <br /> process of amending the contract and Promissory Note to reflect the final loan balance. The annual <br /> loan payment based on the final loan balance is $8,997.25 (see attached Loan Repayment 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. It has been a pleasure working with you on the <br /> successful completion of this project. Please don't hesitate to call if you have any questions regarding <br /> this matter. <br /> Sincerely, <br /> t Loan Contract Amount = $808,000.00 <br /> Disbursed Amount = $189,861.39 <br /> Kirk Russell, P.E., Chief Principal Prepayments = $0.00 <br /> CWCB Finance Section Final Loan Balance = $189,861.39 <br /> O -co \ <br /> 0'P\ <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us ` '. <br /> John W. Hickenlooper, Governor I Robert Randall, DNR Executive Director I James Eklund, CWCB Director * %* <br />