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<br />A!'1ENDHENT # 2 <br />PROJECT <br />CONTRACT <br /> <br />~___ ire ?C-/75'l <br />101' lENT O.R AGENCY :'<U~BER <br />, 3 'j- D']I-ob <br />CONTR.k". ROUTINl; NU~BER <br />;7(}/S.;6 <br />Reduce Encumbrance: 349,599 <br />From: $1,178,000 <br />To: 828,401 <br /> <br />. ""'~ f .;.C...Q2,ol: (R S/8Sl <br />"/'fer'm&PB <br />::: J."ley Dam <br /> <br />THIS CONTRACT. made this // fi day of ~"("</:vh"''''-'/0-~ 198 <:1. . by and between the <br />State o( Colorado (or the use and henefit of tile Department of" Natural Resburces <br />(Colorado Water Conservation Board) , <br /> <br />hereinafter referred to as the State. and'2 the Farmers Water Development Company, <br />Box 387, Norwood, Co 81423, <br /> <br />h('reinafter referred to as the contractor /Contractor. <br /> <br />WHEREAS. authority exists in the Law and Funds have been budgeted. appropriated and otherwise made <br />available and a sufficient unencumbered balance thereof remains available for payment in Fund !'Oumber 4008 <br />G/L Account Number 53 70X . Contract Encumbrance Number ClS3 Sl4: ~nd . <br />ABL Account No. 13700, Org. Unit 77-77-777, <br /> <br />WHEREAS. re4uired approval. clearance ~nd coordination has been accomplished (rom and with appropriale <br />_g('I1C/('5: and <br /> <br />WHEREAS. a contract was entered into on June 22. 1988. <br />Contract Encumbrance Number C-153514 (the Original Contract). <br />between the State and the Contractor; and <br /> <br />WHEREAS. a contract ame~~t1[~entered into on November <br />4. 1988. Contract Encumbran1[~-153514 (Contract <br />Amendment #l). between the State 1P',ih~ontractor; and <br /> <br />WHEREAS. constructio1[~t~~j~~S now ,been completed <br />at an amount less than w~~;Sas anticipated when Contract <br />Amendment #l was written; and <br /> <br />WHEREAS. it is now necessary to reduce the money made <br />available to the amount of money necessary to complete <br />construction. <br /> <br />NOW THEREFORE. it is hereby agreed that: <br /> <br />1. This Contract Amendment #2 is a supplement to Contract <br />Amendment #1 (Appendix A). which is by this reference <br />incorporated and m"ade a part hereof; and all the terms, <br />conditions. and provisions thereof. unless specifically <br />modified herein. are to apply to this contract amendment as <br />though they were expressly rewritten. incorporated. and <br />included herein. <br /> <br />2. The only modifications. alterations. or changes in Contract <br />Amendment #l shall be that Attachment B and paragraphs B.ll. <br />D.I.. andJ. shall be deleted and in their place Appendix B <br />and the following paragraphs shall be inserted: <br /> <br />B. The Contractor agrees that it shall: <br /> <br />11. Repay to the State the total principal sum of Eight <br />Hundred Twenty-Eight Thousand Four Hundred One Dollars <br />($828.401). which includes the project loan amount and <br />the Sixty-Thousand-Dollar ($60.000) feasibility report <br />amount. together with interest at the rate of five <br />percent (5%) per annum. said repayment to be made in <br />constant annual installments of Forty-Eight Thousand Two <br />Hundred Seventy-Seven Dollars and Sixtv-Nine Cents <br />($48.277.69) each. for forty (40) years. as shown in <br />Appendix B, attached heret0 and incorporated by reference <br />herein. which first installment shall, be due and payable <br />on December 1. 1989. and yearly thereafter until the <br />entire principal sum shall have been paid. However, in <br />the event the Contractor does not draw funds commencing <br />on the date specified in paragraph D.l.a. below, the <br />Obligation to repay shall be postponed for the <br /> <br />0505E* <br /> <br />J95-5){l~1014 <br /> <br />Page I of --2- pages <br />