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C153507 PIF Contract
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C153507 PIF Contract
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Last modified
3/19/2013 11:21:52 AM
Creation date
3/19/2013 10:01:25 AM
Metadata
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Loan Projects
Contract/PO #
C153507
Contractor Name
Greeley, City of
Contract Type
Loan
Water District
3
County
Larimer
Bill Number
SB 87-15
Loan Projects - Doc Type
Contract Documents
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available, and therefore, the amount of the loan should be reduced by $4,844 for an <br />adjusted loan amount of $1,095,156.00 <br />G. The parties agree to amend the contract to adjust the final loan amount. <br />NOW THEREFORE, it is hereby agreed that <br />1. Consideration for this Amendment to the ORIGINAL CONTRACT consists of the payments <br />which shall be made pursuant to this Amendment and ORIGINAL CONTRACT and the <br />promises and agreements herein set forth. <br />2. It is expressly agreed by the parties that this Amendment is supplemental to the <br />ORIGINAL CONTRACT, and all terms, conditions, and provisions thereof, unless <br />specifically modified herein, are to apply to this Amendment as though they were <br />expressly rewritten, incorporated, and included herein. <br />3. The Contractor agrees that it shall execute the following documents, all of which shall <br />set forth the revised loan amount of $1,095,156.00: <br />a. a Promissory Note, attached as Exhibit inco #ted herein; and <br />w <br />b. a Deed of Trust, attached as Exhibit 2 co d herein. <br />4. It is agreed the ORIGINAL CONTRACT is II ified, altered, and changed in <br />the following respects only: <br />a. The first two lines of Paragraph A.5 are ed to read as follows: "Execute a <br />deed of trust to convey a security intere a property described below to the <br />Board as security for the loan:" <br />b. Paragraph A.11, with the exception of the last sentence of A.11.a, is <br />superseded and replaced by the Promissory Note attached hereto as Exhibit 1. <br />c. Paragraph I is replaced by the following: <br />Upon complete repayment of the loan and all accrued interest, the State agrees <br />to convey to the Contractor all of the State's right, title and interest in and to the <br />project by a release of deed of trust. <br />d. Special Provisions are amended by the addition of the following: <br />Pursuant to CRS 24 -30 -202.4 (as amended), the state controller may withhold <br />debts owed to state agencies under the vendor offset intercept system for. • (a) <br />unpaid child support debt or child support arrearages; (b) unpaid balance of tax, <br />accrued interest, or other charges specified in Article 22, Title 39, CRS; (c) <br />unpaid loans due to the student loan division of the department, of higher <br />education; (d) owed amounts required to be paid to the unemployment <br />compensation fund; and (e) other unpaid debts owing to the state or any agency <br />thereof, the amount of which is found to be owing as a result of final agency <br />determination or reduced to judgment as certified by the controller <br />5. Except for the SPECIAL PROVISIONS, in the event of any conflict, inconsistency, <br />City of Greeley Page 2 of 3 Contract Amendment No. 2 <br />
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