C150195 Contract

• Contract/PO #: C150195
• Contractor Name: Lower Sacramento Creek Reservoir Company
• Contract Type: Loan
• Water District: 23
• County: Park
• Loan Projects - Doc Type: Contract Documents

BORROWER: LOWER SACRAMENTO CREEK
RESERVOIR COMPANY
Contract No. C150195
Original Loan Amount $375,013
Adjustment (I ncrease/Decrease):
$90,392
Adjusted Loan Amount $284,621

Agency Name: Water Conservation Board
Agency Number PDA
Rou~ing Number: 07 PDA t70c/ 1/7

LOAN CONTRACT AMENDMENT No.1
(8T ANDARD CONTRACT - WAIVER #160 - ApPROVED NOVEMBER 10, 2003)

This Amendment, made this January 1, 2007, by and between the State of
Colorado for the use and benefit of the Department of Natural Resources, Colorado Water
Conservation Board ("CWCB"), and the Lower Sacramento Creek Reservoir Company,
2525 S. Wadsworth Blvd. No. 306, Lakewood, CO 80227, a Colorado nonprofit corporation
("BORROWER" or "CONTRACTOR").

FACTUAL RECITALS

A. Authority exists in the law, and funds have been budgeted, appropriated, and otherwise
made available for payment in Contract Encumbrance Number C150195.
B. Required approval, clearance, and coordination have been accomplished from and with
appropriate agencies.
C. The CWCB and the BORROWER entered into Contract Encumbrance Number C150195,
dated May 1, 2005 ("ORIGINAL CONTRACT"), incorporated herein by reference, wherein
the CWCB agreed to loan money in the total amount up to $375,013, and the
BORROWER agreed to repay the loan in accordance with the terms of the ORIGINAL
CONTRACT.
D. The Project was substantially complete as of October 1,2005.
E. Of the $375,013 loan amount available, only $284,621 was disbursed to the BORROWER
for the PROJECT.
F. The parties agree to amend the contract to reduce the final loan amount.
NOW THEREFORE, it is hereby agreed that
1. Consideration for this Amendment to the ORIGINAL CONTRACT consists of the payments
that shall be made pursuant to this Amendment and ORIGINAL CONTRACT and the
promises and agreements herein set forth.
2. It is expressly agreed by the parties that this Amendment is supplemental to the
ORIGINAL CONTRACT, and all terms, conditions, and provisions thereof, unless
specifically modified herein, are to apply to this Amendment as though they were
expressly rewritten, incorporated, and included herein.
3. The BORROWER agrees that it shall execute the following document, all of which shall
set forth the revised loan amount of $284,621:
a. Promissory Note, attached as Appendix A and incorporated herein, which shall
Loan Contract C150195 Amendment No.1
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