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C150146 contract docs
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Last modified
7/11/2011 9:06:38 AM
Creation date
5/6/2010 10:58:31 AM
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Loan Projects
Contract/PO #
C150146
Contractor Name
Rothe, Mildred L.
Contract Type
Loan
Water District
0
County
Morgan
Loan Projects - Doc Type
Contract Documents
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� <br />BORROWER: ROTHE, MILDRED <br />Contract No. C150146 <br />Project Amount $353,482 <br />1 % SErvice Fee $3,535 <br />�oan Amount $357,017 <br />� <br />Agency Name: Water Conservation Board <br />Agency Number PDA ^ � i � <br />Routing Number 04 PDA �..c.�c.���� <br />LOAN CONTRACT <br />THIS CONTRACT made this September 1, 2003, is by and befinreen the State of <br />Colorado for the use and benefit of The Department of Natural Resources, Colorado Water <br />Conservation Board ("CWCB" or " STATE "), and Mildred L. Rothe, 15160 Highway 144 #16, <br />Fort Morgan Colorado 80701, a Colorado individual (" BORROWER " or " CONTRACTOR "). <br />FACTUAL RECITALS <br />1. Authority exists in the law, and funds have been budgeted, appropriated and otherwise <br />made available and a sufficient unencumbered balance thereof remains available for <br />encumbering and subsequent payment of this contract under: Contract Encumbrance <br />No. C150146, Fund Number 424, A r Code MC4, Organization YYYY, GBL <br />R146, Program WTRC, Object Co ,p � , ing Category 0146. <br />2. � Required approval, clearance, and ion have een accomplished from and with <br />appropriate agencies. <br />3. The PRO�ecT Summary, atta �' incorporated herein, contains <br />BORROWER Information (Secti , t PROJECT Description Section 2, CWCB's <br />� � <br />authority for making this loan (Section 3), and CWCB Approval and Legislative <br />Authorization which defines the amount of the loan and the terms of repayment <br />(Section 4). <br />4. The CWCB now desires, by this contract, to loan money to the BORROwER for this <br />PRO�ECT upon mutually agreeable terms and conditions. <br />THEREFORE, in consideration of the mutual and dependent covenants contained <br />herein, the parties agree as follows: <br />A. LOAN PROVISIONS <br />1. Loan Service Fee. The amount of the loan (LOAN AMOUNT� Sh811 include (1) the <br />amount of the funds loaned by the CWCB to the BoRROwER and (2) a service fee of <br />one percent (1 %) of the amount of the funds loaned. In the event that the BoRROwER <br />does not use the full loan amount authorized, the parties shall amend this contract to <br />revise the LoAN AnnoutvT and to adjust the service fee to reflect 1% of the actual loan <br />amount disbursed to the BORROwER <br />2. Contract Amendment Service Fees. Under certain circumstances the BORROWER <br />shall be assessed fees 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 and necessary for the BORROWER course of <br />business, including, but not limited to, a change in borrower name (novation), <br />assignment of contract, substitution of collateral, loan payment deferments in <br />excess of 3 per loan, and loan consolidation. Amendments in the course of <br />CWCB business, including, but not limited to, loan payment deferments (up to 3 <br />per loan) and changes in terms of loan repayment will be processed at no <br />Page 1 of 8 <br />
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