CT2016-1597 Amend 1

• Contract/PO #: CT2016-1597
• Contractor Name: Oligarchy Irrigating Company
• Contract Type: Loan
• County: Boulder
• Loan Projects - Doc Type: Contract Documents

SAMPLE OPTION LETTER
(TO BE SIGNED,IF APPLICABLE,UPON SUBSTANTIAL COMPLETION OF PROJECT)
Date: Original Contract#:CT Option Letter# CMS Routing#
i) OPTIONS:
a. Decrease contract value (herein referred to as"Loan Contract Amount").
2) REQUIRED PROVISION.All Option Letters shall contain the appropriate provisions set forth below:
For use with all Options la:
i. The amount of the current Loan Contract Amount is decreased by$amount of change to a new Loan
Contract Amount of Insert New$Amt in consideration of Substantial Completion of the Project.The
Loan Contract Amount is hereby modified accordingly.The revised total Loan Contract Amount
including all previous amendments,option letters,etc.is Insert New$Amt.
2. This change does not include a change to the annual payment.
3. This Option Letter and supporting documentation shall become part of and be incorporated into this
Contract for the total duration of this Contract.
4. This Option Letter shall include the written Notice of Project Substantial Completion.
3) Effective Date.The effective date of this Option Letter is upon approval of the State Controller or
Delegate.
STATE OF COLORADO
John W. Hickenlooper,Governor
Department of Natural Resources
Colorado Water Conservation Board
By:
Title:
Date:
ALL CONTRACTS REQUIRE APPROVAL BY THE STATE CONTROLLER
CRS§24-3o-2o2 requires the State Controller to approve all State contracts.This Option Letter is
not valid until signed and dated below by the State Controller or delegate.Contractor is not
authorized to begin performance until such time. If Contractor begins performing prior thereto,
the State of Colorado is not obligated to pay Contractor for such performance or for any goods
and/or services provided hereunder.
STATE CONTROLLER
Robert Jaros,CPA,MBA,JD
By:
Name:
Title:
Date:
Appendix D
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