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C153604 Contract
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C153604 Contract
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Last modified
3/7/2013 2:18:59 PM
Creation date
10/5/2006 11:47:02 PM
Metadata
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Template:
Loan Projects
Contract/PO #
C153604
Contractor Name
Julesburg Irrigation District
Contract Type
Loan
Water District
64
County
Logan
Bill Number
SB 86-27
Loan Projects - Doc Type
Contract Documents
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<br />3. The parties agree to amend the Original Contract to reduce the interest rate on the <br />balance of the loan to 3.5% and to reduce the repayment term to 30 years. <br /> <br />4. The Contractor agrees that it shall execute the following documents, all of which shall set <br />forth the revised loan terms: the principal loan amount of $372,950'.79, with interest at the <br />rate of 3.5% per annum for a repayment term of 30 years: <br /> <br />a. a Promissory Note, attached as Exhibit A and incorporated herein, which shall replace <br />the repayment provisions of Paragraph B.13 of the Original Contract; <br /> <br />b. an Amended Deed of Trust, attached as Exhibit 8 and incorporated herein, which <br />shall amend the Deed of Trust attached to the Original Contract as Appendix 4; and <br /> <br />c. an Amended Security Agreement, attached as Exhibit C and incorporated herein, <br />which amends the Security Agreement attached to the Original Contract as Appendix <br />5. <br /> <br />5. It is agreed the Original Contract, as amended is and shall be modified, altered, and <br />changed in the following respects only: <br /> <br />a. Paragraph B.13 is replaced with the following <br /> <br />8.13. Promissory Note Provisions. The CWCB agrees to loan to the BORROWER an <br />amount not to exceed the LOAN AMOUNT and the BORROWER agrees to repay the loan in <br />accordance with the terms as set forth in the Promissory Note, attached hereto as Exhibit A. <br /> <br />b. The Special Provisions are amended by the addition of the following: <br /> <br />11. Pursuant to CRS 24-30-202.4 (as amended), the state controller may withhold debts <br />owed to state agencies under the vendor offset intercept system for: (a) unpaid child <br />support debt or child support arrearages; (b) unpaid balance of tax, accrued interest, or <br />other charges specified in Article 22, Title 39, CRS; (c) unpaid loans due to the student <br />loan division of ti.,o department of higher education; (d) owed amounts required to be pn!'.' <br />to the unemployment compensation fund; and (e) other unpaid debts owing to the state or <br />any agency thereof, the amount of which is found to be owing as a result of final agency <br />determination or reduced to judgment as certified by the controller. <br /> <br />6. Except for the SPECIAL PROVISIONS, in the event of any conflict, inconsistency, variance, or <br />contradiction between the provisions of this Amendment and any of the provisions of the <br />ORIGINAL CONTRACT OR THE AMENDMENT No.1, the provisions of this Amendment shall in all <br />respects supersede, govern, and control. The SPECIAL PROVISIONS shall always be <br />controlling over other provisions in the contract or amendments. The representations in the <br />SPECIAL PROVISIONS concerning the absence of bribery or corrupt influences and personal <br />interest of STATE employees are presently reaffirmed. <br /> <br />7. Financial obligations of the state payable after the current fiscal year are contingent upon <br />funds for that purpose being appropriated, budgeted, and otherwise made available. <br /> <br />8. This amendment shall not be deemed valid or effective until it shall have been approved by <br />the controller of the State of Colorado or his designee. <br /> <br />Page 2 of 3 <br />
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