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<br />BORROWER: lOWER SOUTH PLATTE WCD
<br />Contract No. C150067
<br />Original loan Amount $100,000
<br />Adjustment (Decrease): $43,212.70
<br />Adjusted loan Amount $56,787.30
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<br />Agency Name: Water Conservation Board
<br />Agency Number PDA
<br />Routing Number: 05 PDA O[){)d.-q
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<br />LOAN CONTRACT AMENDMENT No.1
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<br />(STANDARD CONTRACT - WAIVER #160 - APPROVED NOVEMBER 10, 2003)
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<br />This Amendment, made this November 1, 2004, by and between the State of
<br />Colorado for the use and benefit of the Department of Natural Resources, Colorado
<br />Water Conservation Board ("CWCB"), and lower South Platte Water Conservancy
<br />District, acting by and through the lower South Platte Recharge Project Water Activity
<br />Enterprise, 100 Broadway Plaza #12, Sterling, CO 80750 BORROWER" or "CONTRACTOR").
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<br />FACTUAL RECITALS
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<br />A. Authority exists in the law, and funds have 'been budgeted, appropriated, and
<br />otherwise made available for payment in Contract Encumbrance Number C150067,
<br />Fund Number 424, Organization YVYY, Appropriation Code MC3, GBl l067,
<br />Program WTRC, Object Code 5560, Reporting Category 0067.
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<br />B. Required approval, clearance, and coordination have been accomplished from and
<br />with appropriate agencies.
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<br />C. The CWCB and the BORROWER entered into Contract Encumbrance Number
<br />C150067, dated October 1, 2001 ("ORIGINAL CONTRACT"), incorporated herein by
<br />reference, wherein the CWCB agreed to loan money in the total amount up to
<br />$100,000, and the BORROWER agreed to repay the loan in accordance with the terms
<br />of the ORIGINAL CONTRACT.
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<br />D. The Project was substantially complete as of February 1, 2004.
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<br />E. Of the $100,000 loan amount available, only $56,787.30 was disbursed to the
<br />BORROWER for the PROJECT.
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<br />F. The parties agree to amend the contract to reduce the final loan amount.
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<br />NOW THEREFORE, it is hereby agreed that
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<br />1. Consideration for this Amendment to the ORIGINAL CONTRACT consists of the payments
<br />that shall be made pursuant to this Amendment and ORIGINAL CONTRACT and the
<br />promises and agreements herein set forth.
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<br />2. It is expressly agreed by the parties that this Amendment is supplemental to the
<br />ORIGINAL CONTRACT, and all terms, conditions, and provisions thereof, unless
<br />specifically modified herein, are to apply to this Amendment as though they were
<br />expressly rewritten, incorporated, and included herein.
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<br />3. The BORROWER agrees that it shall execute the following documents, all of which shall
<br />set forth the revised loan amount of $56,787.30:
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<br />a. Promissory Note, attached as Appendix A and incorporated herein, which shall
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