PROJC02530

• Contract/PO #: C150281
• Contractor Name: Water Supply and Storage Company
• Contract Type: Loan
• Water District: 0
• County: Larimer
• Loan Projects - Doc Type: Contract Documents

BORROWER: WATER SUPPLY AND
STORAGE COMPANY
Contract No. C150281
Original Loan Amount: $843,350
Adjustment (Decrease): $138,846.09
Adjusted Loan Amount: $704,503.91
Agency Name: Water Conservation Board
Agency Number PDA
LOAN CONTRACT AMENDMENT NO. 1
(STANDARD CONTRACT — WAIVER #160 — APPROVED NOVEMBER 1 O, 2003)
This Amendment, made this May 10, 2010, by and befinreen the State of Colorado
for the use and benefit of the Department of Natural Resources, Colorado Water
Conservation Board ("CWCB"), and the Water Supply and Storage Company, 2319 E.
Mulberry Avenue, Fort Collins, CO 80522, a Colorado nonprofit corporation (" BORROWER "
OI' "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 C150281.
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 C150281,
dated May 15, 2009 (" ORIGINAL CONTRACT incorporated herein by reference, wherein
the CWCB agreed to loan money in the total amount up to $843,350, and the
BoRROwER agreed to repay the loan in accordance with the terms of the ORi�iNA�
CONTRACT.
D. The project financed
2010, and of the
$704,503.91.
with the loan proceeds was substantially complete as of April 1,
$843,350 loan amount available, the BORROWER used only
E. The parties agree to amend the contract to reduce the final loan amount to
$704,503.91.
NOW THEREFORE, it is hereby agreed that
�- 1. Consideration for this Amendment to the ORi�iNa� CoNTt�acT consists of the payments
that shall be made pursuant to this Amendment afld 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 $704,503.91:
Loan Contract C150281 Amendment No. 1
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