Laserfiche WebLink
<br />~. <br />/ <br /> <br />f- --. <br /> <br />and that it has been duly diligent in its efforts to comply with the repayment provisions <br />of the ORIGINAL CONTRACT. <br /> <br />H. At its July 1996 meeting, the CWCS approved reducing the interest rate of this loan to <br />three percent (3%) per annum on the remaining balance of the loan. <br /> <br />Now Therefore, the parties hereby agree that <br /> <br />1. Consideration for this Amendment to the ORIGINAL CONTRACT consists of the payments <br />which shall be made pursuant to this Amendment and ORIGINAL CONTRACT and the <br />promises and agreements herein set forth. <br /> <br />2. It is expressly agreed by the parties that this Amendment is supplemental to the <br />ORIGINAL CONTRACT, and all terms, conditions, and provisions thereof, unless <br />specifically modified herein, are to apply to this Amendment as though they were <br />expressly rewritten, incorporated, and included herein. <br /> <br />3. It is agreed the ORIGINAL CONTRACT is and shall be modified in the following respects <br />only: <br /> <br />Paragraph A.11 is amended to read as follows: <br /> <br />Repay to the State the loan amount outstanding of $89,391.69 together with interest <br />at the rate of 3% per annum, said repayment to be made in 36 annual installments of <br />$4,094.48 which includes principal and interest. Each installment shall be due and <br />payable on December 1st of every year until the entire principal sum and all accrued <br />interest has been paid and shall be made payable to the Colorado Water <br />Conservation Board, at the offices of said Board in Denver, Colorado. The Contractor <br />pledges its full faith and credit in support of this obligation and warrants that it has <br />taken all steps necessary to pledge its full faith and credit for this obligation. <br /> <br />4. The effective date of this Amendment is the date first written above. <br /> <br />5. Except for the SPECIAL PROVISIONS, in the event of any conflict, inconsistency, <br />variance, or contradiction between the provisions of this Amendment and any of the <br />provisions of the ORIGINAL CONTRACT, the provisions of this Amendment shall in all <br />respects supersede, govern, and control. The SPECIAL PROVISIONS shall always be <br />controlling over other provisions in the contract or amendments. The representations <br />in the SPECIAL PROVISIONS concerning the absence of bribery or corrupt influences and <br />personal interest of STATE employees are presently reaffirmed. <br /> <br />6. Financial obligations of the state payable after the current fiscal year are contingent <br />upon funds for that purpose being appropriated, budgeted, and otherwise made <br />available. <br /> <br />7. This amendment shall not be deemed valid or effective until it shall have been <br />approved by the controller of the State of Colorado or such assistant as he may <br />designate. <br /> <br />The Lone Cabin Ditch & Reservoir Company <br /> <br />Page 2 of 3 <br /> <br />Contract Amendment #3 <br />