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engineering cost indices applicable to the types of construction <br />involved for such projects or as may be justified by reason of <br />changes made in the plans for a project if those changes are <br />required by final engineering drawings and specifications or by <br />Federal or State requirements "; and <br />WHEREAS, the engineering cost indices have increased by <br />twelve percent (12 %) since this project was authorized under SB <br />15; and <br />WHEREAS, this amount of increase in the cost indices would <br />authorize the Colorado Water Conservation Board to increase its <br />loan on this project by Twenty -Seven Thousand Nine Hundred <br />Dollars ($27,900) which represents fifty percent (50 %) of the <br />total project cost increase due to inflation; and <br />WHEREAS, the Colorado Water Conservation Board is also <br />authorized to increase the Original Contract amount by Seventy <br />Thousand Dollars ($70,000) due to the increase in scope of the <br />project. <br />NOW THEREFORE, it is hereby agreed as follows: <br />1. Consideration for this amendment to the Original <br />Contract, Contract Encumbrance Number C- 153588, Routing Number <br />91449 dated April 8, 1991, consists of the payments which shall <br />be made pursuant to this amendment and the promises and <br />agreements herein set forth. <br />2. This Contract Amendment No. 1 is a supplement to the <br />Original Contract (Attachment A), which is by this reference <br />incorporated and made a part hereof, and all , <br />conditions, and provisions thereof, unless y modified <br />herein, are to apply to this contract amen ough they <br />were expressly rewritten, incorporated and clude n. <br />3. Paragraphs B.2., B.11., D.l.,val y amended <br />to read as follows: <br />B.2. Contract for the construction of said project to <br />a responsible and capable firm or firms (hereinafter <br />referred to as Construction Firm or Firms), which <br />Construction Firms shall, when required by the State, <br />be selected through competitive public bidding, said <br />project to be completed on or before January 1, 1993, <br />in accordance with the project plans and specifications <br />and any necessary modifications thereof approved by the <br />State. <br />B.11. Repay to the State the total project loan <br />principal for the design and construction of this <br />project, in the amount of Two Hundred Ninety Thousand <br />Page 2 of 7 Pages <br />