CT2018-2829 Contract

• Contract/PO #: CT2018-2829
• Contractor Name: Lupton Bottom Ditch Company
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

APPENDIX 2, OPTION LETTER
(TO BE SIGNED,IF APPLICABLE,ONLY UPON SUBSTANTIAL COMPELTION OF PROJECT)
State Agency Option Letter Number
Department of Natural Resources
Colorado Water Conservation Board(CWCB)
1313 Sherman St,Room 718
Denver,CO 80203
Borrower Original Contract Number
Lupton Bottom Ditch Company CT:2018-2829
11016 County Road 23 CMS:107362
Fort Lupton,CO 80621
Current Contract Maximum Amount Option Contract Number
Current Contract Expiration Date
1. OPTIONS:
A. Option to decrease total contract amount and revise contract expiration date.
2. REQUIRED PROVISIONS:
A. The amount of the current Loan Contract Amount is decreased by($amount of change)from$
to$ in consideration of substantial completion of the Project.The Total Loan Amount is
hereby modified accordingly.
B. This change does not include a change to the annual payment and interest rate.
C. This Option Letter and supporting documentation shall become part of and be incorporated into this
Contract for the total duration of the Loan Contract.
D. This Option Letter shall include the written Notice of Project Substantial Completion.
E. The Contract Maximum Amount table on the Contract's Signature and Cover Page is hereby deleted and
replaced with the Current Contract Maximum Amount table shown above.
3. OPTION EFFECTIVE DATE:
A. The effective date of this Option Letter is upon approval of the State Controller or(Date),whichever is
later.
In accordance with§24-30-202 C.R.S.,this Option is not valid
STATE OF COLORADO until signed and dated below by the State Controller or an
John W.Hickenlooper,Governor authorized delegate.
Department of Natural Resources STATE CONTROLLER
Colorado Water Conservation Board Robert Jaros,CPA,MBA,JD
By:
By:
Title:
Title:
Date:
Option Effective Date:
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Contract Number:CT2018-2829