C150357 Contract

• Contract/PO #: C150357
• Contractor Name: Boulder and Left Hand Irrigation Company
• Contract Type: Loan
• Water District: 6
• County: Boulder
• Loan Projects - Doc Type: Contract Documents

I. AMENDMENT TO THE PROMISSORY NOTE, AMENDMENT NO. 1 TO LOAN CONTRACT No.
C150357, in the increased loan amount of $202,000, attached hereto as Appendix A and
incorporated herein, reflects the change in the annual payment from $7,449.04 to
$9,459.10. This Amendment to the Promissory Note replaces the PROMISSORY NOTE,
APPENDIX 2 to the ORIGINAL CONTRACT dated December 30, 2013.
II. AMENDMENT TO THE SECURITY AGREEMENT, AMENDMENT NO. 1 TO LOAN CONTRACT No.
C150357, in the increased loan amount of $202,000, attached hereto as APPENDIX B and
incorporated herein, which shall supplement and operate in conjunction with the SECURITY
AGREEMENT,APPENDIX 4 to the ORIGINAL CONTRACT dated December 30, 2013.
III. AMENDMENT TO THE DEED OF TRUST, AMENDMENT No.1 TO LOAN CONTRACT NO. C150357,
in the increased loan amount of$202,000, attached hereto as APPENDIX C and incorporated
herein, which shall replace and supersede the DEED OF TRUST, in the amount of $159,075,
APPENDIX 5 to the ORIGINAL CONTRACT dated December 30, 2013.
IV. The BORROWER has adopted a resolution, irrepealable for the term of this loan, authorizing
the BORROWER to enter into this contract amendment to borrow the ADDITIONAL LOAN
AMOUNT, to establish and collect assessments sufficient to pay the annual loan payments,
to pledge said assessments for repayment of the loan, and to execute documents
necessary to convey a security interest in said assessments and collateral, if necessary, to
the CWCB. Said resolution is attached as APPENDIX D.
V. Prior to the execution of this Amendment by the CWCB, the BORROWER shall submit to
the CWCB a letter from its attorney stating that it is the attorney's opinion that (1) the
person(s) signing for the BORROWER was duly elected or appointed and has authority to
sign such documents on behalf of the BORROWER and to bind the BORROWER; (2) the
BORROWER'S governing body has validly adopted a resolution approving this Amendment;
(3) there are no provisions in the any state or local law that prevent this Amendment from
binding the BORROWER; and (4) this Amendment will be valid and binding against the
BORROWER if entered into by the CWCB.
7) EFFECTIVE DATE OF AMENDMENT
The effective date hereof is upon approval of the State Controller or their delegate.
8) ORDER OF PRECEDENCE
Except for the Special Provisions, in the event of any conflict, inconsistency, variance, or contradiction
between the provisions of this AMENDMENT and any of the provisions of the ORIGINAL CONTRACT, the
provisions of this AMENDMENT shall in all respects supersede, govern, and control. The most recent
version of the Special Provisions incorporated into the ORIGINAL CONTRACT or any amendment shall
always control other provisions in the ORIGINAL CONTRACT or any amendments.
9) AVAILABLE FUNDS
Financial obligations of the state payable after the current fiscal year are contingent upon funds for
that purpose being appropriated, budgeted, or otherwise made available.
Amendment No. 1 to Loan Contract C150357
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Effective Date: 1/6/09