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, , r<Kln !>.AC-U2A 0<' ~I~)J v;JfRPb Clark Lake Dam Ir~ ljo;r:5cr( --- -~--~ --~~- IUI" '\f~....r 01{ ACI",....C\ .__l.\IlH-K-- , 34-04-00 I CONTkALT ROCTIM; N(lM 6Fk qo;)i./~ REDUCE ENCUMB~~NCL $ 72,058.01 FROM: 488,280.00 TO: 416,221.99 APPENDIX A N1END!<1EN'I' # 1 PROJECT CONTRACT k THIS CONTRACT. made this ./? day of :?;1&7'.A'" /. i_ 198 Z . by and belwt'en lhe Slale of Colorado for the ulIoe and hendil of lile Deparlmenl of'l Natural Resources {Colorado {vater Conservation Board) , bereinaher referred to as ,he Slale. and "2 The North poudre Irriqation Company, P. Q. Box lOO, Nellinqton, CO 80549, hereinafter referred to a~ lhe confractor /Contractor. WHEREAS. 3uthorlT)' e",iSh in Ihe law and Funds have been budgeted. appropnated and orherwlllo" made aV3ilahle and a sufficient unencumbered b.dance thereof remains available for paymenl In Fund ~umher 4008 Gll Accounl Number SA' 7)(. (olllrac{ Encumbrance Number C153496; and ABL Account No. 14170, Org. Unit 77-77-777, WHEREAS. re4uircd arrruv;d. dean nee .md coordinalion ha~ been accomplished from and wlfh appmpri:lIl' .!I!r'ncies; and WHEREAS. a contract was entered into on July 31. 1987. Contract Encumbrance Number C-lS3496 (the Original Contract) between the State and the Contractor; and WHEREAS. construction of the project has now been completed at an amount less than what was anticipated when the Original Contract was written; and WHEREAS. it is now necessary to reduce the money made available to the amount of money which was necessary to complete construction. NOW THEREFORE. it is hereby agreed that: 1. Consideration for this amendment to the Original Contract. Contract Encumbrance Number 153496. Contract Routing Number 88005, dated July 31. 1987, consists of the payments 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 moditied 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 A.ll.. C.l. and 1. shall be modified to read as follows: A. The Contractor agrees that it shall: 11. Repay to the State the total principal sum of Nine Hundred Seventy Thousand Two Hundred Sixty~Six Dollars ($970.266), which includes the project loan amount and the 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 Twenty-Four Thousand Two Hundred Fifty-Six Dollars and Sixty-Five Ce,nts ($24.256.65) 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 tirst 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 C.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 ]9.'T:5}{)1-1(H4 4 PaJ!e I of --:..- pa~e~ 1158E* APPENDIX A