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<br />(-. <br /> <br />/1:(:37//036 <br /> <br />_.J <br /> <br />" <br /> <br />Fnrrn (',A'-H1A IR 5/~5) <br />I'IFPB <br /> <br />[--- "-'--- <br />",U',\l( I; ..;.1 rll( MiENl')' '~l!~IIlI'H.j <br />34-04-00 . <br />('(i~l10\l~~HOIiTIN{; Nll.\IHTJ~ <br />~___-_~S"?'~.11 <br />REDUCTION IN ENCiJMBRAN~ <br />From $1,287,500.00 <br />To $1,140,408.78 <br /> <br />PROJECT <br />CONTHACT AMENDMENT <br /> <br />. T111~ CONTRACT, Illadl' Ihis-1.s.t~dHY of J1~u~__._~_198 } . hy lint! hclwcCfl thc <br />SI;lll' of (ntorlldo fur the ll\l' 0111(1 he'll'fil of liu.' Dl'pafrnll'lIl uf 'I Natural Resources <br />-1QQ1orado Water Conservation Board), -~ <br />11l'feinahrr wfefrcd In:J\ lhe Slale. and '2 The North poudre Iri:-lqati-oncompany.-----;---.-- <br />_~Q-!-...~ox 10Jl.,JelJ,ingt-.9n, CO 80.5-.4iL .---',--~--~-------;- <br />hrreinafll'r referred 10 ,IS lhe Con tr actor. ---------...., <br /> <br />. WHEREAS, ~~uthOfiIY nisl\ ill till' I.aw alld Fllrl(b h,1\'c het'lI hlldgcll'd, :lpprnpri;IIcd "lid ulht'rwhc l1wdc <br /><l.v;uJahk ,lI1d a sufliciclll IIl1l'lll'lIll1hered halallcc Ihefeof n'l11i1ill\ ill':lilahtl' for II:ryUll'1l1 ill FUrll1 Numlll'r _:lQQ..B._, <br />GIL ACCHllnl Nllmhcr5414~, C.,llIlr;ll'l FlIl'lIll1hr:1l11'1' NlIlllher C153449. '111(1 <br />ABL Account Number 14141, Org. Unit 77-77-777, <br />,WUEKEAS, rcqllirl.'d itppru\';rl, .'k;u;rrll'l' and l'lIClrtliU;llillll hi1\ ht"'1l ,rl'l"I~;-~li~hl'd from ,llId wilh ,ll'prrll1riilll.' <br />.1grnC'le~: and ' <br /> <br />WHEREAS, a contract was entered into on october. 1. 1905. <br />Contract Encumbrance Number C-153449 (lIthe Original Contractl') <br />between the State and the Contractor; and <br /> <br />WHEREAS. construction bids received for 'l'tle North Poudce <br />Irrigation Project (Reservoir No. 15 Dam) were 10wQr tharl the <br />State's estimates; and <br /> <br />WHEREAS. for the above reason it is in the Illut.ual interest <br />of the State and the Contractor to reduce tIle amoullt of Inolleys <br />made available to the Contractor for the construction of tllis <br />project; and <br /> <br />WHEREAS, repayments are in direct proportton to the alllOllnt <br />of money loaned; and <br /> <br />WHEREAS. the State and the Contractor finJ that tlley will <br />mutually benefit from the modification of the contract language <br />concerning the repayment. as set forth below. <br /> <br />NOW. THEREFORE. it is hereby agreed that: <br /> <br />1. This contract amendment is a slIp[llement. to the <br />Original Contract {Appendix A}. which ls. by this <br />reference. incorporated and made a part hereof. and' all the <br />terms. conditions and provisions thereof. unless <br />specifically modified herein. are to apply to this corllract <br />amendment as though they were expressly rewritten. <br />incorporated. and included herein. <br /> <br />2. The only modifications. alterations, or changes in <br />the Original contract shall be that pa[agcaphs A.II, and I, <br />of the Original Contract on pages 3 and 6. respectively. of <br />8 pages. shall be cleleted. and in their place shall be <br />insetted the following substitute pataqr~phs; <br /> <br />A.ll. Repay to the State the total <br />principal SUln of Two Million Six lillndred <br />Eighty-Seven Thousand Six Hundred lilxty <br />Dollars and Forty Cents (($2,667,660.40) <br />which includes the project loan aloount <br />and the feasibility report amount. <br />together with interest at the rate of <br />five percent {St} per annu~. said <br />repayment to be made in c9nstant annual <br />installments of Sixty-Seven Thousand One <br />Hundred Ninety-One Dollars and Fiety_One <br />Cents ($67,191.S1) each. as shown in <br />Appendix B. attached hereto and <br />incorpor.ated by reference herein. which <br />first inst81lment shall be due and <br />payable on the first day of the month <br /> <br />YJ:r5Jo-I-"'IO"14 <br /> <br />I'agl'l or~lJ:Jges <br /> <br />29J7~ <br />