PROJ00012

• Contract/PO #: C153542
• Contractor Name: Fruitland Irrigation Company
• Contract Type: Loan
• Water District: 40
• County: Delta
• Bill Number: SB 88-30
• Loan Projects - Doc Type: Contract Documents

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Fonn 6-I\C-'l2,.O, If( SI8SJ
W/PB
Onion Valley Dam
. C.:ills!;' Res,eryoi:r:'
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$ 1,050.55
166,600.00
165,549.45

UU'ARTMI:.:-" r OR A.Lt::r..CY :"OL'.',HH',K
34-04-00
CON. CT ROUTII\~(; NUMBER
(- 4",-
Reduce Encumbrance
from:
To;

AMENDl1ENT #l
PROJECT
CONTRACT
~d PromissQry No~e
THIS CONTRACT. madf' this 1/ day of ~...... /" 1990 ,b,' and bel ween the
5131t' of Colorado for the U!>e and benef'il of loe DeparuneRl of '\ Natural ResOUrces
(Colorado Water Conservation Board) ,
hereinaher rt"ff'med 10 as the Stale. .and '2 the Fruitland Irrioation Comoanv.
Route 1, Box 34, Crawford, CO 81415.
hrreinaher referred 10 as the contractur IContractor.

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WHEREAS. aUlhoril)' exiSls in thC' Law and Funds h.ave been budgeted, approprialed and otherwise made
:llYailable and a sufficient unencumbered balance thereof remains available for p8Vmenl in Fund ~umbf'r 4008
ell Account Number 5425X. Conlracl Encumbrance NumberC153542 ; ~nd
ABL Account No. 14250, Org. Unit 77-77-777,

WHEREAS, re4uircd approv..!. clearance: and coordinatiun has been accomplished from and with appropriale
agrncies: and

WHEREAS. a contract was entered into on May 9, 1989.
Contract'Encumbrance No. C-153542 (the l'Origina1 Contract'I).
between the State and Contractor; and

WHEREAS. construction costs of the project were 1es6 than
what was originally anticipated; and

WHEREAS. it is now necessary to decrease the money made
available for the project.

NOW THEREFORE. ic is hereby agreed thac:

1. Consideration for this amendment to the Original Contract.
Contract Encumbrance Number C-153542. Contract Routing Number
89512. dated May 9, 1989. consists of the paymencs which shall
be made pursuant to this amendment and the promises and
agreements herein set forth.

2. This contract amendment is a supplement to the Original
Contract (Attachment A). which is by this reference
incorporated and made a part hereof; and all the terms.
conditions. and provisions thereof. unless specifically
modified herein. are to apply to this contract amendment as
though they were expressly rewritten. incorporated. and
included herein.

3. The only modifications. alterations. or changes in the
Original Contract shall be that Exhibit C shall be replaced in
its entirety by Attachment B and paragraphs B.15.. 0.1.. and J.
shall be modified to read as follows:

B. The Contractor agrees that it shall:

15. Repay to the State the total principal sum of One
Hundred Sixty-Eight Thousand five Hundred Forty-Nine Dollars
and Forty-Five Cents ($168.549.45). which includes the project
loan amount and the Three Thousand Dollars ($3.000) feasibility
report amount. together with interest at the rate of five
percent (5%) per annum. said repayment to be made in constant
annual installments of Nine Thousand Eight Hundred Twenty-Two
Dollars and Seventy-Five Cents ($9.822.75) each. for forty (40)
years. as shown in Attachment B. attached hereto and
incorporated by reference herein. which first installment shall
be due and payable on the first day of the month next
succeeding the month in which the State determines that the
project has been substantially completed. and yearly thereafter
until the entire principal sum shall have been paid. However.
in the event the Contractor does not draw funds commencing on
the date specified in paragraph D.l.a. below. the Obligation to
repay shall be postponed for the same number of months as the
Contractor delays in drawing funds. Said installment payments
shall be made payable to the Colorado Water Conservation Board.
payable at the offices of said Board in Denver. Colorado.

J9!T5Jo01-1014

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