C150360 Amend 1

• Contract/PO #: C150360 CT2015-141
• Contractor Name: East Mesa Water Company
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

SECTION 5 — SCHEDULE OF EXISTING DEBT
No other debt, backed by Company's assessment revenues, exists.
SECTION 6 - COLLATERAL
The COLLATERAL provided for this loan, as evidenced by the executed SECURITY
AGREEMENT (Appendix 4) and DEED OF TRUST (APPENDIX 5) and incorporated herein,
shall be a pledge of assessment revenues and an undivided one hundred percent
(100%) interest in the PROJECT, which consists of up to 1,450 feet of 48 -inch high
density polyethylene (HDPE) pipe as more particularly described in the attached DEED
OF TRUST ("COLLATERAL").
SECTION 7 — ADDITIONAL CONDITIONS & CONTRACT REQUIREMENTS
a) The contract with NRCS shall be executed by the East Mesa Water Company
prior to disbursal of CWCB loan funds.
b) Within thirty (30) working days after receipt of the reimbursement from the NRCS,
the BORROWER shall submit to the CWCB an amount equal to the reimbursement.
The NRCS reimbursement, or any other grants or funds (excluding regular Loan
Payments under the PROMISSORY NOTE) finds obtained by the BORROWER and paid
to CWCB, will be applied to the outstanding principal loan balance, and the LOAN
CONTRACT shall be amended to the reduced loan amount.
SECTION 8 — CONSTRUCTION FUND PROGRAM PROCEDURES
A. The BORROWER shall employ an engineer, registered in the state of Colorado to
prepare plans and specifications for the PROJECT.
B. Engineering contracts and the plans and specifications must be submitted to the
CWCB staff for verification of compliance with the terms of this CONTRACT when
available prior to bidding. Any modifications to the plans and specifications must be
approved in writing by the CWCB staff.
C. For plans and specifications for all jurisdictional dams and reservoirs, as defined by
§ 37-87-105 C.R.S., the BORROWER shall provide a letter of approval from the State
Engineer's Office prior to construction.
D. The BORROWER shall extend an invitation to CWCB to be present at the bid opening.
E. The BORROWER shall contract for the construction of the work with responsible and
capable Construction Firms, which said Construction Firms shall be selected by the
BORROWER and found acceptable by the CWCB staff.
F. The BORROWER must provide a copy of the executed construction contract
documents consisting of the contractor's proposal, construction contract,
performance bond, payment bond, notice of award, notice to proceed, sample
change order, and sample field order, as well as the advertisement for bid and bid
bond at bidding. After the CWCB staff verifies that these documents comply with
Appendix 1 to Loan Contract C150360
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