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<br />~ McCall Lake Dam
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<br />A!DNENT U
<br />PROJECT
<br />CONTRACT
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<br />vt:t',\K r",uN I UK A(iENO' ."UMBER I
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<br />CONT'~'OlJTlN" NlIMBE 1_
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<br />THIS CONTRACT. made Ihis LJ~ay of ~~ 19 91. by and between the
<br />Stale of Colorado for the use and hendil of lile Deparlment f 'I Nilt-l1r:ll np!=:nllrr.,::q:::.
<br />(Colorado Water Conservation Board),
<br />hertinaher ""(erred to as the Slale. and '2 the ci tv of Lonamont.
<br />1100 S. Sherman St., Lonqrnont, CO 80501,
<br />hereinafter rderred 10 as the contractor /Contractot' or Borrower.
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<br />Reduce Ene. $ 3,046.34
<br />Total Ene. 209,478.66
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<br />WHEREAS. aUlhorily nisls in the Law and Funds have been budgeted. appropriated and otherwise made
<br />available and a sufficient unencumbered balance lhereof remains available for payment in Fund Number 4 fi 2
<br />Approp. 420, Org. Unit YYYY, Program WTRC,
<br />Contractlmc. No. (I_/~.s"71.f -; and
<br />WHEREAS. re~uired approval. c!ear:tnl.:e and coordinatiun ha~ been accomplished from and with appropriale
<br />agencies: and
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<br />WHEREAS, the state and the Contractor entered into a contract
<br />dated April 16, 1990, Contract Encumbrance Number C-153574,
<br />Routing Number 90440 (hereinafter the 110riginal Contract"); and
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<br />WHEREAS, the Original Contract authorized the State to loan
<br />Two Hundred Seventeen Thousand Five Hundred Dollars ($217,500) to
<br />the Contractor for the rehabilitation of the McCall Lake Dam; and
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<br />WHEREAS, construction of the McCall Lake Dam rehabilitation
<br />has been completed to the satisfaction of the State and the
<br />Contractor; and
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<br />WHEREAS, the state only advanced a total of Two Hundred
<br />Fourteen Thousand Four Hundred Fifty-Three Dollars and sixty-six
<br />Cents ($214,453.66) to the Contractor for the construction of
<br />this project and the preparation of the feasibility report.
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<br />NOW THEREFORE, it is agreed that:
<br />1. Consideration for this amendment to the Original Contract
<br />consists of a repayment reduction by the Contractor in the amount
<br />of Three Thousand Forty-Six Dollars and Thirty-Four Cents
<br />($3,046.34) .
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<br />2. This contract amendment is a supplement to the Original
<br />Contract, attached hereto as Appendix A, which is by reference
<br />incorporated herein and made a part hereof. All terms,
<br />conditions, and provisions of the Original contract, unless
<br />specifically modified herein, shall apply to this contract
<br />amendment as though they were expressly rewritten, incorporated,
<br />and included herein.
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<br />3. The only modifications, alterations, or changes in the
<br />Original Contract shall be that Exhibit C shall be revised as
<br />shown on Appendix B, and paragraphs B.13., 0.1., and J. shall be
<br />revised to read as follows:
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<br />B. 13. Repay to the State the total principal sum of Two Hundred
<br />Fourteen Thousand Four Hundred Fifty-Three Dollars and sixty-six
<br />Cents ($214,453.66), which includes the project loan amount and
<br />the Four-Thousand-Nine-Hundred-seventy-Five-Dollar ($4,975)
<br />feasibility report amount, together with interest at the rate of
<br />five percent (5%) per annum, said repayment to be made in
<br />constant annual installments of Twenty-Seven Thousand Seven
<br />Hundred Seventy-Two Dollars and Seventy Three Cents ($27,772.73)
<br />each, for ten (10) years, as shown in Appendix B, attached hereto
<br />and incorporated by reference herein, which first installment
<br />shall be due and payable on the first day of the month next
<br />succeeding the month in which the State determines that the
<br />project has been substantially completed, and yearly thereafter
<br />until the entire principal sum shall have been paid. However, in
<br />the event the Contractor does not draw funds commencing on the
<br />date specified in paragraph D.l.a. below, the obligation to repay
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