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<br />Form 6-AC-{l2A IR 51851 <br />NFPB <br /> <br /> <br />UI-;PARTMENT It AGENCY NUMBl::R <br />34-04-00 <br />CONTltACr ROUTINC NU~t8FR <br />,2 <br />Reduction in <br /> <br />encumbrance: <br />from: $139,000.00 <br />to: 105,207.37 <br /> <br />PROJECT <br /> <br />CONTRACT AM'ENDI1ENT <br /> <br />,/"Z'.l_ <br />THIS CONTRACT, made this /v day of """"/J( d VI <br /> <br />Slale of Colorado for the use and henell, of loe Oeparlme;, (A " <br />(Colorado Water Conservation Board), <br /> <br />hereinafter referred to as the State and '2 the Grandview lrriqation Ditch Company, <br />202 Mackenzie, Canon City, CO 81212, ~ <br /> <br />hereinafler referred 10 as lhe contractor/Contractor. <br /> <br />198 ~ , by and between Ihe <br />Natural Resources <br /> <br />WHEREAS, aUlhority C'\isb in Ihe Law and Funds have heen budgeted, approprialed and otherwise made <br />availahle and a sufficient unencumbered balance thereof remains availahle for pavmenl in Fund Number 400 R <br />G/L Account Number 5410X, ("nlr3l'l Encumbrance NumberC153455: ;nd <br />ABL Account Number 14100, Org. Unit 77-77-777, <br />WHEREAS, rel.juiCl'd appru\'OlI. dcaranl'C' and conrdinaliun has bt"en accnmplbhed from and Wilh apprupriate <br />llgencie5; and <br /> <br />WHEREAS, a contract was entered into on December 1. 1985. <br />Contract Encumbrance Number C-153455 (the Original Contract) <br />between the State and the Contractor; and <br /> <br />WHEREAS. construction bids received for the Grandview <br />Irrigation Project. Phase I, were lower than the State's <br />estimate: and <br /> <br />WHEREAS. for the above reason it is in the mutual interest <br />of the State and the Contractor to reduce the amount of moneys <br />made available to the Contractor for the Phase I construction <br />of this project; and <br /> <br />WHEREAS. repayments are in direct proportion to the amount <br />of money loaned; and <br /> <br />WHEREAS, the State and the Contractor find that they will <br />mutually benefit from the modification of the contract language <br />concerning the repayment. as set forth below. <br /> <br />NOW, THEREFORE, it is hereby agreed that: <br /> <br />1. This contract amendment is a supplement to the <br />Original Contract (Appendix A), which is, by this <br />reference. incorporated and made a part hereof. and all the <br />terms. conditions. and provisions thereof. unless <br />specifically modified herein. are to apply to this contract <br />amendment as though they were expressly rewritten. <br />incorporated, and included herein. <br /> <br />2. The only mOdifications. alterations. or changes in <br />the Original Contract shall be that Exhibit A and <br />paragraphs A.Il.. C.l.. and I. shall be deleted and in <br />their place Appendix B and the following paragraphs shall <br />be inserted: <br /> <br />A.II. Repay to the State the total principal sum of <br />Two Hundred Forty-Five Thousand Two Hundred Fifty-One <br />Dollars and Sixty Cents ($245.251.60), which includes <br />the project loan amount and interest at the rate of <br />five percent (5%) per annum. said repayment to be made <br />in constant annual installments of Six Thousand One <br />Hundred Thirty-One Dollars and Twenty-Nine Cents <br />($6,131,29) each, for forty (40) years, as shown in <br />Appendix B. attached hereto and incorporated by <br />reference herein. which first installment shall be due <br />and payable on the first day of the month next <br />succeeding the month in which the State determines <br />that the project has been substantially completed, and <br />yearly thereafter until the entire principal sum shall <br />have been paid. However. in the event the Contractor <br /> <br />395-5JOlolO')4 <br /> <br />Page I of-.!:.. pages <br />".Sce in~lru~liun~ un reverse ..lla~1 page.) <br /> <br />6241E <br />