CT2017-3188 Amendenment No. 1

• Contract/PO #: CT2017-3188 Amendment No. 1
• Contractor Name: Chilcott Ditch Company
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

1. PARTIES
This Amendment(the"Amendment")to the Original Contract(the"Contract")shown on the Signature and Cover
Page for this Amendment is entered into by and between the Borrower("Borrower"or"Authority"),and the State
("CWCB").
2. TERMINOLOGY
Except as specifically modified by this Amendment,all terms used in this Amendment that are defined in the Contract
shall be construed and interpreted in accordance with the Contract.
3. AMENDMENT EFFECTIVE DATE AND TERM
A. Amendment Effective Date
This Amendment shall not be valid or enforceable until the Amendment Effective Date shown on the Signature
and Cover Page for this Amendment.The State shall not be bound by any provision of this Amendment before
that Amendment Effective Date.
The Parties'respective performances under this Amendment and the changes to the Contract contained herein
shall commence on the Amendment Effective Date shown on the Signature and Cover Page for this Amendment.
4. PURPOSE
The Chilcott Ditch Company was approved for a loan from the CWCB totaling$580,750.00,at the January 23,2017
meeting,to fmance the Jimmy Camp Creek Siphon Reconstruction(Project).The Project was completed and the
parties agree to amend the contract to reduce the final loan amount by$120,758.88 from$580,750.00 to$459,991.12
and change the annual payment amount from$36,205.94 to$28,677.42.
5. MODIFICATIONS
The Contract and all prior amendments thereto,if any,are modified as follows:
A. The original loan contract amount is hereby deleted and replaced with the Current Contract Maximum Amount
of$459,991.12,shown on the Signature and Cover Page for this Amendment.
B. Amendment to Promissory Note,Appendix A,in the revised loan amount,and incorporated herein shall replace
and supersede the Original Promissory Note attached to the Original Contract as Appendix 3.
C. Amendment to Security Agreement, Appendix B, in the revised loan amount, and incorporated herein shall
supplement and operate in conjunction with the Original Security Agreement,attached to the Original Contract
as Appendix 5.
D. Amendment to Deed of Trust,Appendix C,in the revised loan amount,and incorporated herein shall supplement
and operate in conjunction with the Original Deed of Trust, attached to the Original Contract as Appendix 6.
The Amendment to Deed of Trust shall be recorded with the Boulder County Clerk and Recorder.
6. LIMITS OF EFFECT AND ORDER OF PRECEDENCE
This Amendment is incorporated by reference into the Contract,and the Contract and all prior amendments or other
modifications to the Contract,if any,remain in full force and effect except as specifically modified in this Amendment.
Except for the Special Provisions contained in the Contract, in the event of any conflict, inconsistency,variance,or
contradiction between the provisions of this Amendment and any of the provisions of the Contract or any prior
modification to the Contract,the provisions of this Amendment shall in all respects supersede, govern, and control.
The provisions of this Amendment shall only supersede,govern,and control over the Special Provisions contained in
the Contract to the extent that this Amendment specifically modifies those Special Provisions.
Page 2 of 2 Amendment No.1
CT No.CT2017-3188
CMS No.105548