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3. The parties expressl, _..,,e that at this point, only the date o it payment shall be amended, and the <br />total amount borrowed and the annual payment based on that amount will be determined upon completion of the <br />Project and set forth in a subsequent amendment to this Contract. <br />4. It is agreed the ORIGINAL CONTRACT is and shall be modified, altered, and changed in the following <br />respects only: <br />a. Paragraph B.16 shall be replaced by the following paragraph: <br />16. Repay to the STATE $20,000,000 with interest thereon at the rate of 5% per annum, said <br />repayment to be made in annual installments as shown in Exhibit B, attached hereto and <br />incorporated by reference herein, with the first of such installments being due one month following <br />the STATE'S determination that the Project has been substantially completed. Subsequent <br />installments shall be due and payable annually thereafter. Said annual installment payments shall <br />be made payable to the Colorado Water Conservation Board at the offices of said Board in Denver, <br />Colorado. <br />5. The effective date of this Amendment is the date first written above. <br />6. Except for the SPECIAL PROVISIONS, in the event of any conflict, inconsistency, variance, or contradiction <br />between the provisions of this Amendment and any of the provisions of the ORIGINAL CONTRACT, the provisions <br />of this Amendment shall in all respects supersede, govern, and control. The SPECIAL PROVISIONS shall always be <br />controlling over other provisions in the contract or amendments. The representations in the SPECIAL PROVISIONS <br />concerning the absence of bribery or corrupt influences and personal interest of STATE employees are presently <br />reaffirmed. <br />7. Financial obligations of the state payable after the current fiscal year are contingent upon funds for that <br />purpose being appropriated, budgeted, and otherwise made available. <br />8. This amendment shall not be deemed valid or effective until it shall have been approved by the controller <br />of the State of Colorado or such assistant as he may designate. AM <br />IN WITNESS WHEREOF, the parties hereto have exe iendrft oV the day first above written. <br />CONTRACTOR: Colorado River Water <br />Conser tion District <br />By <br />Print name & title THEODORE L. BROOKS, PRESIDENT <br />Federal ID Number: 84- 6000156 <br />Attest (Se iI <br />By i <br />C ate Secretary or Equivalent <br />ATTORNEY <br />RIA <br />Assistant attorney General <br />Colorado. iAW"WAnBoard <br />For the Executive Director <br />DEPARTMENT OF NATURAL RESOURCES <br />COLORADO WATER CONSERVATION BOARD <br />Daries C. Lile, P.E., Director <br />APPROVALS <br />STATE�CONTR li <br />Y <br />CRWCD.amd <br />Page 2 of 2 <br />CONTRACT AMENDMENT #1 <br />