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CT2015-016 Sunstantial Completion Letter
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CT2015-016 Sunstantial Completion Letter
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Last modified
4/27/2017 8:01:05 AM
Creation date
4/27/2017 8:00:06 AM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
CT2015-016
Contractor Name
Butte Irrigating and Milling Company
Contract Type
Loan
Loan Projects - Doc Type
Project Completion Letter
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a� <br />�C)LOf2A��'"; <br />Colorado Water <br />�anservataon Bo�,°��. <br />lle}�artment of Naturai Reso�rr<:es <br />139� ShErman SYreet., Room 71� <br />f�enver, �n IIQ203 <br />fvlr, J�ahri �Et�sy f�r�sid�nt <br />�ut�e Irrigatir�� and tV�itling Cornp�r�y <br />7416 Valmani Rc��d <br />BouEder, CO �0�01 <br />�.�Ar�_����sf_�c��r <br />{=irst l�nnual a�ymen� Dueo May �, 2�1� <br />l�nnuat P�ym�nf �moun�: $5,E�%Go63* <br />`Requires c.ontrac,t amendment. <br />Ree �m�rges��y f3errri f�ep�7r <br />[maan �c�ntr��fi Numb�r CT2Q15-016 (C150��2f <br />NQ`il�� - �CJ�M�NCE.N��N�f' (�F L��t�N f��f'I�YM�Nl� PF.FtI�D <br />E�ear Mre �llis: <br />��his l�tf�r is io no�ify ya�, ghaY th� Pre�ject. r�fer�nced ai�ov� 7s at th� �na of th� 3��year na int�r�st: <br />period. ihe 2,i�y��r r���ym�rlt period be�in� on May i y �O� A a IVO ���IT,�CIl. �S 11�.I� �L �I I�S l���y tih� f�rst <br />�n�ua! paymer�t wilt be due �n PJ�ay � 9 701 �. Durin� th� rep�yrn�nt p�riod, inter�st will acr,rue on the <br />loarl b�lance an�3 na further clisbursern�nts can be macie. <br />The toY�i ar�c�unt dasbursed under� tf�is ear�tract w�s $113,1360�� (�112,11��:�4 �tus $1,121e1� for ih� 1% <br />s�rvice fe�). An adjustmenfi nf $164,513.51 was r�a�i� for funds nnt rjeed�d. P�� Nl�son v�rill initi�t� rh� <br />proce�s e�f ameriding th� contr�ct �r�d �rcam�ssary Flc�te tia re�lect �h� fin�l loan balar�c�. �h� annuai <br />loan p�yrn�nt based on the fTnal taar� b�L�n�� i� �5,6�6.6� (s�� �tit.ach�d L o�n R�p�yrrz�nt Sch��ul�)o <br />If y�u shc�uld reeeiv� �ciditior��l �EMA �r�nt funds �or th�^ Prnject, pleas� r�merr�bcr thai the toan <br />rc�n�ract cabli��tes yo�a tv apply those ���nds to tf�e taan �rineipal bal�neca. <br />Pl�ase r�ote, �n �ccard�r�cP with th� Borraw�r's Liab7lity Insurarice Pravisian of tr'� L.o�n Gontract, a <br />renewed �nsur�nce c�rtifir,�t� must b� submitted to tih� �:W�� �nnually �nd a Reserv� �ccount must be <br />mainta�ned dur�n� the �r7tir� re�pa�r�i�riY p�riad. !� has be�n a�leasur� work�n� w�th you on the <br />suc�essfut cr�m�[etion af this {�roj�ct. Pt�as� dr�n'� h�sitate tc� c�lt if yo�� hav� �r�y quest�ons reg�rciing <br />this m��Yer, <br />SineerelyY <br />� � <br />, ,�`"` ' 1: <br />� � <br />� � �� ` <br />La�n Cc�ntrac;t Arnvur�i = $27�I,I50oQ0 <br />��sbt�rs�d Ameuant = $113,236.49 <br />Kirk F�ussell, 6'.E., Chief f�rincip�l Prep�ym�rrts =$Oo00 <br />CW�B F7nanc� Se�ciion F�n�l I�nan �alance � 5113,236.4� <br />�� �' ` �!o� \. <br />P 3�3.866.3441 F 303.�66.4474 www.cwcb.state.co.us I����, ;�\�i <br />John W. Hickenlncti�er, Go�iernor � Robert Randall, DNR Fxecutive i�irector � Lauren Rrs, CWCB Actii7g birector � �* i*;� <br />����; � << <br />, a t��..�F�+,'. <br />
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