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OPTION LETTER <br /> Date: Original Contract Number: Option Letter: CMS Number: <br /> 9/21/2018 CT2015-o12(C15o342) No.i 113718 <br /> i) OPTIONS: <br /> a. Decrease contract value (herein referred to as"Loan Contract Amount"). <br /> 2) REQUIRED PROVISION.All Option Letters shall contain the appropriate provisions set forth below: <br /> For use with all Options la: <br /> 1. The amount of the current Loan Contract Amount is decreased by$14.31,to a new Loan Contract <br /> Amount of$1,502,461.69,in consideration of Substantial Completion of the Project.The Loan <br /> Contract Amount is hereby modified accordingly.The revised total Loan Contract Amount,including <br /> all previous amendments,option letters,etc., is decreased from$1,502,476.00 to$1,502,461.69. <br /> 2. This change does not include a change to the annual payment or interest rate. <br /> 3. This Option Letter and supporting documentation shall become part of and be incorporated into this <br /> Contract for the total duration of this Contract. <br /> 4. This Option Letter shall include the written Notice of Project Substantial Completion. <br /> 3) Effective Date.The effective date of this Option Letter is upon approval of the State Controller or <br /> Delegate. <br /> STATE OF COLORADO <br /> John W.Hickenlooper,Governor <br /> Department of Natural Resources <br /> Colora - •r Coil* ation Board <br /> Signature <br /> By: Kirk Russell,P.E., Section Chief <br /> CWCB. Finance Section <br /> Date: -%21/1,8 <br /> ALL CONTRACTS REQUIRES APPROVAL/ BY THE STATE CONTROLLER <br /> CRS§24-3o-2o2 requires the State Controller to approve all State contracts.This Option Letter is not valid <br /> until signed and dated below by the State Controller or delegate.Contractor is not authorized to begin <br /> performance until such time.If Contractor begins performing prior thereto,the State of Colorado is not <br /> obligated to pay Contractor for such performance or for any goods and/or services provided hereunder. <br /> STATE CONTROLLER <br /> Robert Jaros,CPA,MBA,JD <br /> Name: <br /> Robe t. <br /> Title: ROM% <br /> Date: 24.2 /C? '� <br /> Page 1 of 1 <br />