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OPTION LETTER <br /> Date: Original Contract: Option Letter CMS Routing No. Borrower: <br /> 02/09/17 CT2o16-z5i6 Noa 97334. Bow Mar Water <br /> and Sanitation <br /> District <br /> i) OPTIONS: <br /> a. Decrease contract value(herein referred to as ("Total Loan Amount"). <br /> z) REQUIRED PROVISION.All Option Letters shall contain the appropriate provisions set forth below: <br /> For use with all Options ia: <br /> i. The amount of the current Loan Contract Amount is decreased by$1,387.85 from$332,795.00 to <br /> $331,407.15,in consideration of substantial completion of the Project.The Total Loan Amount is <br /> hereby modified accordingly.The revised Total Loan Amount including all previous amendments, <br /> option letters,etc.is$331,407.15. <br /> z. This change does not include a change to the annual payment and interest rate. <br /> 3. This Option Letter and supporting documentation shall become part of and be incorporated into this <br /> Contract for the total duration of this Contract. <br /> 4. This Option Letter shall include the written Notice of Project Substantial Completion. <br /> 3) Effective Date.The effective date of this Option Letter is upon approval of the State Controller or <br /> Delegate. <br /> STATE OF COLORADO <br /> John W.Hickenlooper,Governor <br /> Department of Natural Resources <br /> Colorado t Cons ion Board- <br /> By: <br /> oardBy: <br /> 21� 12,J SSe LL <br /> Title: ai vr-F <br /> Date: / <br /> ALL CONTRACTS REQUIRE APPROVAL BY THE STATE CONTROLLER <br /> CRS§24-30-202 requires the State Controller to approve all State contracts.This Option Letter is not valid <br /> until signed and dated below by the State Controller or delegate.Contractor is not authorized to begin <br /> performance until such time.If Contractor begins performing prior thereto,the State of Colorado is not <br /> obligated to pay Contractor for such performance or for any goods and/or services provided hereunder. <br /> STATE CONTROLLER <br /> Robert Jaros,CPA,MBA,JD <br /> By: <br /> Name: us3ir�ertrp <br /> Title-A&4.17W/e r <br /> Date: <br /> Option Letter to Loan Contract CT2016-2516 <br /> Page 1 of 1 <br />