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<br />AGENCY NAME: Water Conservation Board
<br />
<br />AGENCY NUMBER: PDA
<br />ROUTING NUMBER: QZ)33
<br />
<br />CONTRACT AMENDMENT No. 1
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<br />This Amendment, made this 12111:1 day of Y7~U2000, by and between the State
<br />of Colorado for the use and benefit of the Department of Natural Resources, Colorado Water
<br />Conservation Board, hereinafter referred to as the CWCB or STATE, and the DeWeese-Dye Ditch and
<br />Reservoir Company, a Colorado nonprofit corporation, hereinafter referred to as the CONTRACTOR.
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<br />Factual Recitals
<br />
<br />A. Authority exists in the law, and funds have been budgeted, appropriated, and otherwise made
<br />available and a sufficient unencumbered balance thereof remains available for payment in Fund
<br />Number 424, Organization VYYY, Appropriation L98, GBL DDYE, Program WTRC, Object Code
<br />5120, Contract Encumbrance Number C153832.
<br />
<br />B. Required approval, clearance, and coordination have been accomplished from and with appropriate
<br />agencies.
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<br />C. The STATE and the CONTRACTOR entered into a contract dated June 23, 1999, Contract
<br />Encumbrance Number C153832, hereinafter referred to as ORIGINAL CONTRACT, incorporated herein
<br />by reference, wherein the STATE agreed to loan money in the total amount up to $734,000, and the
<br />CONTRACTOR agreed to repay the loan in accordance with the terms of the ORIGINAL CONTRACT.
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<br />D. The Project was substantially complete as of December 1, 1999.
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<br />E. The Contractor borrowed the full amount of $734,000 for the construction of the Project.
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<br />F. On December 1,1999, the Contractor made a prepayment of $149,000 to reduce the loan amount
<br />to $585,000.
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<br />G. The Contractor requested a partial release of the collateral, which has a value of approximately
<br />$4,000,000, pledged to repay the $585,000 loan. At the March 20-21, 2000 meeting, the Board
<br />approved the Contractor's request to a partial release of the collateral.
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<br />H. The parties agree to amend the contract to adjust the final loan amount, establish the annual
<br />payment due date and document the partial release of collateral.
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<br />NOW THEREFORE, it is hereby agreed that
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<br />1. Consideration for this Amendment to the ORIGINAL CONTRACT consists of the payments which shall
<br />be made pursuant to this Amendment and ORIGINAL CONTRACT and the promises and agreements
<br />herein set forth.
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<br />2. It is expressly agreed by the parties that this Amendment is supplemental to the ORIGINAL
<br />CONTRACT, and all terms, conditions, and provisions thereof, unless specifically modified herein, are
<br />to apply to this Amendment as though they were expressly rewritten, incorporated, and included
<br />herein.
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