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<br />deletion. or other amendment hereto shall have any force or <br />effect unless embodied in a written contract executed and <br />approved pursuant to the State fiscal rules. <br /> <br />H. In its sole discretion. the State may at any time give any <br />consent. deferment. subordination. release. satisfaction. or <br />termination of any or all of the Contractor's obligations under <br />this agreement. with or without valuable consideration. upon <br />such terms and conditions as the State may determine to be (a) <br />advisable to further the purposes of,this contract or to <br />protect the State's financial interest therein, and (b) <br />consistent with both the statutory purposes of this contract <br />and the limitations of the statutory authority under which it <br />is made. <br /> <br />I. Upon completion of the repayment to the State in the sum of <br />Two Million Five Hundred Fifty Thousand Eight Hundred Eleven <br />Dollars and Seventy Six Cents ($2,550,811.76), as set fortb in <br />paragraph A.10. of this contract. the State agrees to release <br />all pledges of repayments and security.' <br /> <br />J. The Colorado Water Conservation Board. its agents and <br />employees, is hereby designated as the agent of the State for <br />the purpose of this contract. <br /> <br />K. All notices. correspondence, or other documents required <br />by this contract shall be delivered or mailed to the following <br />addresses: <br /> <br />(a) For the State <br /> <br />(b) For the Contractor <br /> <br />Mr. J. William MCDonald, Director <br />Colorado Water Conservation Board <br />721 State Centennial Building <br />1313 Sherman Street <br />Denver. CO 80203 <br /> <br />James P. Grett, President <br />Uncompahgree Valley Water <br />Users Association <br />P.O. Box 69 <br />Montrose, CO 81402 <br /> <br />Attn: Nick Ioannides <br /> <br />Attn: George C. Kubin <br />Secretary <br /> <br />Page ~ of 1 pages <br />