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APPENDIX 2,SAMPLE OPTION LETTER <br /> (TO BE USED AT SUBSTANTIAL COMPLETION OF PROJECT) <br /> State Agency Option Letter Number <br /> Department of Natural Resources <br /> Colorado Water Conservation Board(CWCB) <br /> 1313 Sherman St, Room 718 <br /> Denver, CO 80203 <br /> Borrower Original Contract Number <br /> Central Colorado Water Conservancy District CMS 128656 <br /> Groundwater Management Subdistrict CT2019-3687 <br /> 3209 West 28th Street <br /> Greeley,CO 80634 <br /> Option Contract Number <br /> Loan Contract Effective Date <br /> Loan Contract Expiration Date <br /> 1. OPTIONS: <br /> a. Option to decrease total Contract amount and revise Contract expiration date upon CWCB <br /> Notice of Project Substantial Completion. <br /> 2. REQUIRED PROVISIONS: <br /> a. The amount of the current Loan Contract Amount is decreased by($amount of change)from <br /> $ to$ in consideration of substantial completion of the Project.The <br /> Total Loan Amount is hereby modified accordingly. <br /> b. This change does not include a change to the annual payment and interest rate. <br /> c. This Option Letter and supporting documentation shall become part of and be incorporated into <br /> this Contract for the total duration of the Loan Contract. <br /> d. This Option Letter shall include the written Notice of Project Substantial Completion. <br /> e. The Contract Maximum Amount table on the Contract Cover Page is hereby deleted and <br /> replaced with the Current Contract Maximum Amount table shown above. <br /> 3. OPTION EFFECTIVE DATE: <br /> a. The effective date of this Option Letter is upon approval of the State Controller or an authorized <br /> delegate. <br /> In accordance with §24-30-202,C.R.S.,this Option is <br /> STATE OF COLORADO not valid until signed and dated below by the State <br /> Jared Polis, Governor Controller or an authorized delegate. <br /> Department of Natural Resources STATE CONTROLLER <br /> Colorado Water Conservation Board Robert Jaros,CPA,MBA,JD <br /> By: <br /> By: <br /> Name: <br /> Name: <br /> Title: <br /> Title: <br /> Date: <br /> Option Effective Date: <br /> Page 1 of 1 <br /> Contract Number:CT2019-3687 <br /> Appendix 2 <br />