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<br />12. purchase from the State all of the State's <br />right, title, and interest in Phase II of <br />the project and any facilities thereof at <br />a total purchaae price of Ninety-seven <br />Thousand Nine Hundred Eighty Dollars and <br />Eighty Cent. ($97.980.80), payable in <br />forty (40) annual installments of Two <br />Thousand Four Hundred Forty-Nine Dollars <br />and Fifty-Two Cent. ($2.449,52) each; <br />which first installment shall be due land <br />payable on the first day of the first <br />month following the completion of Phase <br />III of the project, or on'December 1. <br />1988, whichever occurs later. and yearly <br />thereafter until the entire principal sum <br />shall have been paid. Phase III of the <br />project consists of the construction of <br />SS-5 and SS-8 dam8 and Floodway No, I <br />Phase III on the lands shown in Exhibits <br />B. C. and D, The installment payments <br />required under this paragraph ahall be <br />made payable to the ColoradO Water <br />Conservation Board, and shall be paid at <br />the offices of said Board in Denver. <br />Colorado. <br /> <br />3. The effective date of this Contract Amendment is March <br />2. 1987. <br /> <br />4. In the event of any conflict, inconsistency, variance, <br />or incongruity between the provisions of this Contract <br />Amendment and any of the provisions of the Original Contract. <br />the provisions of this Contract Amendment shall in all respects <br />supersede. govern, and control. <br /> <br />page ~ of ~ pages <br />