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<br />CONTRACT A
<br />AGENCY NAIVE: . Water Conservaticn Board
<br />AGENCY NUMBER: PDA
<br />I
<br />ROUTING NUMBER:
<br />Contract #0153532: $50,000
<br />i_5 _Z4'17 Amendment #1: -1 25 _QQ0
<br />Total Loan Amount: $75,000
<br />MENDMENT #1
<br />THIS AMENDMENT, made this _ day of ��j�1 ek- 1995, by and between the State of Colorado
<br />for the use and benefit of the Department of Natural Resources, Colorado Water Conservation Board (CWCM,
<br />hereinafter referred to as the STATE, and CARYL R. CARROLL, P. O. Box 219, Cocoa, Florida 32923.0219, hereinafter
<br />referred to as the CONTRACTOR,
<br />FACTUAL RECITALS
<br />1 . Ait:;ority exists in the law, and funds have been budgeted, appropriated, and otherwise made available and
<br />a suf ticient un:;ncumbered baiance thereof remains available for payment in Fund Number 424, Appropriation Code SP".,
<br />Contract Encumhra, ice Number C153682; and
<br />2. Required approval clearance, and coordination
<br />ind
<br />3. The SI.4TE and the CONTRACTOR enter °d V'"ract
<br />950097, Contract Er-cumbrance Number 0153682, rnaft? .1
<br />by reference, viberein the STATE agreed to Iran money in
<br />to repay the loan in aor:ordance with the terms of t4 IGI r
<br />accomplished froni and ,vith appropriate agencies:
<br />u st 22, 1994, Contract Routing Number
<br />VS ORIGINAL CONTRACT, incorporated herein
<br />-it of $60,009, and the CONTRACTOR agreed
<br />and
<br />4. A Small Project Loan (SPL) Accou,"t was es%bfthed by § 37 -60- 122.7, C.R.S. (Supp. 1995), which authorize =s
<br />CWCB Io make loaris tip to $100,000 wit4oZt•prior approval from the General Assembly if CWCB determines that delay
<br />would result in undue hardship on the *q%t %ow-3r1 and
<br />•
<br />5. The BORROWER applie cj.•far• an•qaqditionai loan for the Project in the arnount of $25,000; and
<br />6. Because the 46tal arSioui!if of loans for the PROJECT is less than $100,000 and b:.cau ^e a delay of a Near in
<br />fir;isninq the PRC.'4-!'r.vvould pXvent the BoRRO`VER from filling the Reservoir to its full capacity due to a storage
<br />restrir.tion order rW t�t*e State Engineer, causing undue hardship to the BORROWER, the Board determined that this
<br />additional loan s;ruaritied•as a Small Project Loan in accordance with § 37 -60- 122.7, C.R.S. (Stipp 1995); and
<br />7. At the meeting held July 25, 1995, the Board approved a Small Project Loan in an amount not to exceed
<br />Twenty Five Thousand Dollars ($25,000), at an interest rate of three and three- fourths percent (3.751Xo) per annurn;
<br />and for a duration of twenty (20) years; and
<br />8. The value of the collateral described in the ORIGINAL CONTRACT is adequate to support a total loan amount
<br />of $75,000; and
<br />9. The amount of $50,000 shall be referred to herein as ORIGINAL LOAN AMOUNT, the amount of $25,000 shall
<br />be referred to herein as the SMALL PROJECT LOAN AMOUNT, and the amount of $75,000 shail be referred to herein as
<br />the TOTAL LOAN AMOUNT.
<br />CARYL R. CARROLL Page 1 of 3 CONTRACT AMENDMENT
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