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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.) <br />