C 5-,S-.1// co SP"• Form 6-AC 02A DEPART RENT ORNCY NUMBER
<br /> 34-04-00
<br /> CONTRACT ROUTING NUMBER
<br /> goo ,
<br /> No encumbrance
<br /> 2.11SCONTRACT AMENDMENT
<br /> THIS CONTRACT, made this 1st day of June 1984, by and between the
<br /> State of Colorado for the use and benefit of the Department of '' Natural Resources
<br /> (Colorado Water Conservation Board) ,
<br /> hereinafter referred to as the State, an 2 the Town of Parachute,
<br /> P. 0. Box 217, Parachute, CO 81635 ,
<br /> hereinafter referred to as the contractor,
<br /> WHEREAS, authority exists in the Law and Funds have been budgeted, appropriated and otherwise made
<br /> available and a sufficient unencumbered balance thereof remains available for payment in Fund Number 4008
<br /> G/L Account Number 5762X, Contract Encumbrance Number C153314. and
<br /> ABL Account Number 17621, Org. Unit 77-77-77/ ,
<br /> WHEREAS, required approval, clearance and coordination has been accomplished from and with appropriate
<br /> agencies: and
<br /> WHEREAS , the State and the Contractor did on September 1, 1979,
<br /> enter into a contract for State participation in the construction
<br /> of the Parachute (Grand Valley) project for the benefit of the
<br /> inhabitants of the Town of Parachute in Garfield County, which
<br /> contract is attached hereto as Exhibit A and is hereby incorporated
<br /> herein; and
<br /> WHEREAS, the State and the Contractor did on February 15 , 1982,
<br /> enter into an amended contract for State participation in the
<br /> Parachute (Grand Valley) project, which amended contract is
<br /> attached hereto as Exhibit B and hereby incorporated herein; and
<br /> WHEREAS, the Town of Parachute in a letter to the State has
<br /> indicated that it has difficulties in making its se nd payment
<br /> according to the original contract, Exhibit A; and
<br /> WHEREAS, the Town of Parachute has agrees'); to make-a �d c
<br /> payment of Four Thousand Dollars ( $4, 000) forkt e-Tsecond ye1 tiar of
<br /> its repayment ; and . ./ f1
<br /> WHEREAS, the Town of Parachute has agreed to re '•y
<br /> remaining amount owed to the State by increasing the remai
<br /> its payments over the next thirty-eight (38) years.
<br /> NOW THEREFORE, in consideration of the mutual and dependent
<br /> covenants herein contained, it is agreed by the parties hereto as
<br /> follows:
<br /> 1 . The terms and provisions of paragraphs A.9 . and B.4. of
<br /> that certain contract dated September 1 , 1979, attached hereto as
<br /> Exhibit A and incorporated herein by reference, and amended in that
<br /> certain contract dated February 15 , 1982 (Exhibit B) , shall no
<br /> longer be effective but are further amended to read as follows:
<br /> A.9 . To purchase from the State all of the State ' s right,
<br /> title, and interest in said project and any facilities thereof at a •
<br /> total purchase price of Four Hundred Thirty-Seven Thousand Three
<br /> Hundred Twenty-Nine Dollars and Forty Cents ($437, 329 .40) , payable
<br /> in the following manner:
<br /> First Year $10, 815 .00
<br /> Second Year 4, 000 .00
<br /> Third to Fortieth Year 11 , 118.80
<br /> $437 , 329 .40
<br /> First installment shall be due and payable on February 1 , 1983, and
<br /> yearly thereafter until the entire principal sum shall have been
<br /> paid. Said installment payments shall be made payable to the
<br /> Colorado Water Conservation Board, payable at the offices of said
<br /> board in Denver, Colorado.
<br /> 202
<br /> 395301-1014 Page 1 of- 4 pages par/am
<br /> *(scc'inslruct..n, ,,verse of lam page.)
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