C150111 Contract

• Contract/PO #: C150111
• Contractor Name: Akron, Town of
• Contract Type: Loan
• Water District: 1
• County: Washington
• Loan Projects - Doc Type: Contract Documents

a. Section 11, Time for Completion, is revised to read as follows: PROJECT Finish: The
PROJECT shall be complete no later than June 1, 2006.
Contract Amendment Service Fees. Under certain circumstances, the BORROWER shall
be assessed a fee for amending the contract.
a. A service fee shall be imposed on the BORROWER for amendments processed for
the benefit of the BORROWER and necessary for the BORROWER'S course of
business, including, but not limited to, a change in borrower name (novation),
assignment of contract, substitution of collateral, loan payment deferments in
excess of 3 per loan, and loan consolidation. Amendments in the course of
CWCB business, including, but not limited to, loan payment deferments (up to 3
per loan) and changes in terms of loan repayment will be processed at no
additional charge to the borrower.
b. The amount charged shall be the fee rate structure in accordance with the CWCB
Loan Service Charge Policy in effect at the time the BORROWER shall request an
amendment. The current fee for an amendment is $1,000.
c. The BORROWER shall remit the service fee to the CWCB prior to initiation of the
amendment. Any service fee remitted to the CWCB cannot be refunded.
SPECIAL PROVISIONS (8/1/05 version). State Fiscal Rule 3-1 requires the inclusion of these
Special Provisions in every STATE contract, including grants.

1. CONTROLLER'S APPROVAL. CRS 24-30-202 (1)

This contract shall not be deemed valid until it has been approved by the Controller of the
State of Colorado or such assistant as he may designate.

2. FUND AVAILABILITY, CRS 24-30-202 (5,5)

Financial obligations of the State of Colorado payable after the current fiscal year are
contingent upon funds for that purpose being appropriated, budgeted, and otherwise made
available.

3. INDEMNIFICATION,

To the extent authorized by law, the contractor shall indemnify, save, and hold harmless the
State against any and all claims, damages, liability and court awards including costs,
expenses, and attorney fees incurred as a result of any act or omission by the Contractor, or
its employees, agents, subcontractors, or assignees pursuant to the terms of this contract.

No term or condition of this contract shall be construed or interpreted as a waiver, express or
implied, of any of the immunities, rights, benefits, protection, or other provisions for the
parties, of the Colorado Governmental Immunity Act, CRS 24-10-101 et seq. or the Federal
Tort Claims Act, 28 U.S.C. 2671 et seq, as applicable, as now or hereafter amended.

4, INDEPENDENT CONTRACTOR. 4 CCR 801-2

THE CONTRACTOR SHALL PERFORM ITS DUTIES HEREUNDER AS AN INDEPENDENT
CONTRACTOR AND NOT AS AN EMPLOYEE. NEITHER THE CONTRACTOR NOR ANY
AGENT OR EMPLOYEE OF THE CONTRACTOR SHALL BE OR SHALL BE DEEMED TO
BE AN AGENT OR EMPLOYEE OF THE STATE. CONTRACTOR SHALL PAY WHEN DUE
ALL REQUIRED EMPLOYMENT TAXES AND INCOME TAX AND LOCAL HEAD TAX ON

Loan Contract C150111 Amendment No. 1
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