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<br />AGENCY NAME: Water Conservation Board <br /> <br />AGENCY NUMBER: PDA <br /> <br />ROUTING NUMBER: ~ PDA <br /> <br />CON T RAe TAM END MEN T No.1 <br /> <br />THIS AMENDMENT, made this '2.f)~ day of J:l- ~ 1998, by and <br />between the State of Colorado for the Use and benefit of Department of Natural <br />Resources, Colorado Water Conservation Board (CWCB), hereinafter referred to as the <br />STATE, and The Hawkeye Lateral Ditch Company, hereinafter referred to as the Borrower <br />and/or CONTRACTOR. <br /> <br />FACTUAL RECITALS <br /> <br />j <br /> <br />A. Authority exists in the law, and funds have been budgeted, appropriated, and <br />otherwise made available and a sufficient unencumbered balance thereof remains <br />available for payment in Fund Number 424, Appropriation Code L97, GBL HAWK, <br />Program WTRC, Object Code 5120, Reporting Category 3796, Contract <br />Encumbrance Number C153796. <br /> <br />B. Required approval, clearance, and cootdination has been accomplished from and with <br />appropriate agencies. <br /> <br />C. The STATE and the CONTRACTOR entered into a contract dated December 15, 1997, <br />Contract Encumbrance Number C153796, hereinafter referred to as ORIGINAL <br />CONTRACT, incorporated herein by reference, wherein the STATE agreed to loan money <br />in the total amount of $143,000 to finance the cost of rehabilitation of its ditch by <br />placing the existing concrete ditch in an underground pipe, hereinafter referred to as <br />the "PROJECT," but not to exceed 75% of the total PROJECT cost of $490,000, and the <br />CONTRACTOR agreed to repay the loan in accordance with the terms of the ORIGINAL <br />CONTRACT. <br /> <br />D. The final tabulation of bid quantities increased the total project cost by $11,112.75. <br />Because this change in quantities resultecLin-.JnC(eased PROJECT costs, the <br />CONTRACTOR requested an additio~-$1<1:1'12.75 ioJ loan funds to finance the <br />increased costs. ( ~ <br /> <br />E. 1997 Colo. Sess. Laws, Ch. 168, Section 1 (2) provides that the CWCS may increase <br />authorized loan amounts "... as may be justified by reason of changes in material <br />quantities beyond contract limits." The CWCS staff have reviewed the CONTRACTOR'S <br />request and have concluded that the increased costs are due to an adjustment of <br />approximately 2% in final quantities which is well within the generally accepted limits <br />on projects of this size. <br /> <br />Hawkeye Lateral Ditch Co. <br /> <br />Page 1 of 3 <br /> <br />Contract Amendment No.1 <br />