CT2015-050 Amendement No. 1

• Contract/PO #: CT2015-050
• Contractor Name: Riverside Ditch and Allen Extension 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 Borrower was approved for a CWCB Loan Contract,on September 3,2010,for the Riverside Ditch&Allen
Phased Canal Improvements Project.The Project was completed and the parties agree to amend the contract to
reduce the final loan amount by$26,770.99,from$186,345.00 to$159,574.01.
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$159,574.01,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 Loan Contract as Appendix 2.
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 Loan Contract
as Appendix 4.
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 5. The
Amendment to Deed of Trust(Appendix C)shall be recorded with the Chaffee County Cleric 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.
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