C150057 Contract

• Contract/PO #: C150057
• Contractor Name: West Rhone Lateral Ditch Company
• Contract Type: Loan
• Water District: 72
• County: Mesa
• Bill Number: SPL
• Loan Projects - Doc Type: Contract Documents

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AGENCY NAME: Water Conservation Board

AGENCY NUMBER: PDA
ROUTING NUMBER: 02 PDA oooS{1

CONTRACT AMENDMENT No. 1

This Amendment, made this 1st day of March 2002, by and between the State of Colorado for
the use and benefit of the Department of Natural Resources, Colorado Water Conservation Board,
hereinafter referred to as the CWCB or STATE, and West Rhone Lateral Ditch Company. a Colorado
nonprofit corporation, hereinafter referred to as the CONTRACTOR and/or BORROWER.

Factual Recitals

A. Authority exists in the law, and funds have been budgeted, appropriated, and otherwise made
available and a sufficient unencumbered balance thereof remains available for payment in Fund
Number 424, Appropriation SPL, Contract Encumbrance Number C150057.

B. Required approval, clearance, and coordination have been accomplished from and with appropriate
agencies.

C. The STATE and the CONTRACTOR entered into Contract Encumbrance Number C150057, dated
March 1, 2001, hereinafter referred to as ORIGINAL CONTRACT, incorporated herein by reference,
wherein the STATE agreed to loan money in the total amount up to $100,000, and the CONTRACTOR
agreed to repay the loan in accordance with the terms of the ORIGINAL CONTRACT.

D. The Project was substantially complete as of September 1, 2001.

E. Of the $100,000 loan amount available, the Contractor borrowed only $49,500 for the construction
of the Project.

F. The parties agree to amend the contract to reduce the final loan amount.

NOW THEREFORE, it is hereby agreed that

1. Consideration for this Amendment to the ORIGINAL CONTRACT consists of the payments which shall
be made pursuant to this Amendment and ORIGINAL CONTRACT and the promises and agreements
herein set forth.

2. It is expressly agreed by the parties that this Amendment is supplemental to the ORIGINAL
CONTRACT, and all terms, conditions, and provisions thereof, unless specifically modified herein, are
to apply to this Amendment as though they were expressly rewritten, incorporated, and included
herein.

3. The Contractor agrees that it shall execute the following documents, all of which shall set forth the
revised loan amount of $49,500:

a. a Promissory Note, attached as Exhibit A and incorporated herein, which shall supersede and
replace the Promissory Note attached to the ORIGINAL CONTRACT as Appendix 2; and

b. an Amended Security Agreement, attached as Exhibit B and incorporated herein, which
amends the Security Agreement attached to the Original Contract as Appendix 5.

4. Except for the SPECIAL PROVISIONS, in the event of any conflict, inconsistency, variance, or
contradiction between the proviSions of this Amendment and any of the proviSions of the ORIGINAL