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C150058A PIF Contract
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C150058A PIF Contract
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Last modified
11/19/2009 11:44:33 AM
Creation date
3/3/2009 11:38:35 AM
Metadata
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Loan Projects
Contract/PO #
C150058A
Contractor Name
Dolores Water Conservancy District
Contract Type
Loan
Water District
71
County
Dolores
Bill Number
SB 01-157
Loan Projects - Doc Type
Contract Documents
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specifically modified herein, are to apply to this Amendment as though they were <br />expressly rewritten, incorporated, and included herein. <br />3. The BoRROwER agrees that it shall execute the following document: Amended Security <br />Agreement, attached hereto as Appendix A and incorporated herein, which shall <br />supplement and operate in conjunction with the Security Agreement dated December <br />10, 2002, attached to the ORi~iNa,~ CoNTRacr as Appendix 4, in which the BoRROwER <br />pledges BORROwER's revenues necessary to assure payment under the ORIGINAL <br />CoNTFtacT of the annual debt service until such date as the BoRROwER makes its first <br />payment to the CWCB from its fund established under an Investment Agreement <br />befinreen the BoRROwER and MBIA, Inc. dated December 5, 2002. <br />4. Contract Amendment Service Fees. Under certain circumstances, the BORROWER <br />shall be assessed a fee for amending the contract. <br />a. A service fee shall be imposed on the BoRROwER for amendments processed for <br />the benefit of the BORROWER a sary for the BORROWER's course of <br />business, including, but not t , change in borrower name (novation), <br />assignment of contract, sub~t " of coll al, loan payment deferments in <br />excess of 3 per loan, and loan io ~Amendments in the course of <br />CWCB business, includin no , oan payment deferments (up to 3 <br />per loan) and changes ir , s o loan repayment will be processed at no <br />additional charge to the borrower. <br />b. The amount charged shall be the fee rate structure in accordance with the CWCB <br />Loan Service Charge Policy in effect at the time the BoRROwER shall request an <br />amendment. The current fee for an amendment is $1,000. <br />c. The BoRROwER shall remit the service fee to the CWCB prior to initiation of the <br />amendment. Any service fee remitted to the CWCB cannot be refunded. <br />SPECIAL PROVISIONS (8/1/05 version). State Fiscal Rule 3-1 requires the inclusion of <br />these Special Provisions in every STaTE contract, including grants. <br />1. CONTROLLER'S APPROVAL. CRS 24-30-202 (1) <br />This contract shall not be deemed valid until it has been approved by the Controller <br />of the State of Colorado or such assistant as he may designate. <br />2. FUND AVAILABILITY. CRS 24-30-202 (5.5) <br />Financial obligations of the State of Colorado payable after the current fiscal year are <br />contingent upon funds for that purpose being appropriated, budgeted, and otherwise <br />made available. <br />3. INDEMNIFICATION. <br />To the extent authorized by law, the contractor shall indemnify, save, and hold <br />harmless the State against any and all claims, damages, liability and court awards <br />including costs, expenses, and attorney fees incurred as a result of any act or <br />Loan Contract C150058A Amendment No. 1 <br />Page 2 of 5 <br />
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