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<br />EXHIBIT II
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<br />11
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<br /><63
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<br />No encumbrance
<br />CONTRACT AMENDMENT
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<br />THIS CONTRACT, made this 15th day of November
<br />Slale of Color.nlo fur the use aud benefit HI' the Department of "1
<br />(Colorado Water Conservation Board) .
<br />hcrl.'inafh'( rd,'rred III ,IS thl' SIal!,', ami "2 ---.the_.T9_w!1_Q.fJE_fl....9.~lL
<br />P. O. Box 580. Ranaelv. Colorado 81648.
<br />hereinafter referred to as the contrOlclor,
<br />
<br />1981, by Ilnd between the
<br />Natural Resources
<br />
<br />WHEREAS. authority exists in the L;IW luul Fonds h;lve been budgeted. appropriated and otherwise made
<br />avnilable and a sufficient unencumbered bal;Ulcc Ilu:rcof remains available- fur paymcnl in Fund Number A. n () R .
<br />G/l Acctlunl Numht:t t;?n7"1 , Conll,leI Em;UlIlbfilllCC NumhcrC153039 ; and
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<br />WHEREAS, rcquirL'd :Ijlproval. dcarallO:t: am.l c()ordillalion has been accomplished from and Wilh appropriate
<br />a~l'Llcics; and
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<br />WHEREAS, the State and the Contactor did on May 15, 1976, enter
<br />Into a contract for State participatIon in the construction of
<br />the Rangely water suppLy project for the benefit of the
<br />Inha'bftants of Rangely tn Rio Blanco County, Colorddo, whtch
<br />contract ts attached hereto as Exhibit A and hereby Incorporated
<br />here tn j and
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<br />WHEREAS, the Rangely project does not operate dS orglna~ly
<br />ant.tclpate,d, thus creating problems for the Rangely inhabitants;
<br />and
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<br />WHEREAS, repairs to the Rangely project will become necesSdry
<br />to make the prescnt project fully operational; and
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<br />WHEREAS, due to the above deficiencies to the project, the Town
<br />of Rangely Is fInding It extremely difficull to meet its
<br />financIal obligations to the State;
<br />
<br />NOW THEREFORE.
<br />covenants herein
<br />follows:
<br />
<br />In consideratiol' of the mutual and dependent
<br />contained, It is dgrccd by the pdrtlcs h~reto
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<br />uS
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<br />1. The t~rms dnd provisions of pardgrdph A.9. dnd [L4. of
<br />that certaln contract dated May 15, 1976, dttached hereto dS
<br />ExhibIt IIAII dnd Incorpordled herein by reference shdll no longer
<br />be effectlve but shall be amended to redd dS fat lows:
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<br />A.9. Purchase from the State all of the Stdtels ~lght,
<br />title and interest in sdld project dnd any facilities
<br />thereof at d total purchdse price of Nlne liundred
<br />Seventy-Three .Thousdnd Nine Hundred Ninety-Six Dolldrs
<br />($973,996), payable In thirty-one annual installments
<br />as follows: thirty dnnual lnst~llments of Thlrty Thousand
<br />Six Hundred Twel~e DoLlars ($30,612) each, dnd a thirty-
<br />fIrst instalLment of Flfly-Five Thousand Six Hundred
<br />Thlrty-Six Dollars ($55,636). The first installment shall
<br />be due and payable on July 1, 1982, and yearly thereafter
<br />until the entire prll\clpal sum 51\al1 have been paid. Said
<br />lnstallment payments shall be made payable to the Colorado
<br />Water Conservation OOdrd, pdyablc at lhe offices of said
<br />Board tn Denver, Colorado.
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<br />B.4. Upon completion of the pdyment of the ful.l purchase
<br />price to the State in the sum of Nine Hundred Seventy-Three
<br />Thousand Nine Hundred NInety-Slx Dollars ($973,996), as set
<br />forth In paragraph A.9. of this contract, convey to the
<br />Contrdctor dll of the Statels right, titLe dnd interest in
<br />dnd to the project by deed or other proper conveyance.
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<br />2. Atl other terms dnd provisions of that certaLn contract
<br />dated MdY 15, 1976, shdl L rt~mdin in full forct~ and (:ffect.
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<br />EXHIBIT II
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<br />395.5).01-<:010
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