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<br />AGENCY NAME: Water Conservation Board
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<br />AGENCY NUMBER: PDA
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<br />ROUTING NUMBER:
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<br />tJ /tP6 ,j
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<br />Con t r act Arne n d men t No. 1
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<br />THIS AMENDMENT, made this ?fJlJf dayof.,,4 PI2..i L 1998, by and
<br />between the State of Colorado for the use and benefit of the Department of Natural
<br />Resources, Colorado Water Conservation Soard (CWCS), hereinafter referred to as the
<br />STATE, and the Sravo Ditch Company, a Colorado nonprofit corporation, 20549 Road 55, Iliff,
<br />Colorado 80736, hereinafter referred to as the CONTRACTOR.
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<br />Factual Recitals
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<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, Appropriation Code SPL, Contract Encumbrance Number C153730.
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<br />B. Required approval, clearance, and coordination has been accomplished from and with appropriate
<br />agencies.
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<br />C. The State and the Contractor entered into a contract dated December 2, 1996, Contract
<br />Encumbrance Number C153730, hereinafter referred to as Original Contract, incorporated herein
<br />by reference, wherein the State agreed to loan money in the total amount of $51,700, 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 Contractor borrowed only $39,098.50 out of the $51,7000 authorized amount.
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<br />E. The project was substantially complete as of March 1, 1997.
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<br />F. The parties agree to amend the contract to reflect the actual loan amount and the annual payment
<br />due date.
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<br />NOW THEREFORE, it is heteby agreed that
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<br />1. Consideration for this Amendment to the Original Contract consists of the payments which shall be
<br />made pursuant to this Amendment and Original Contract and the promises and agreements herein
<br />set forth.
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<br />2. It is expressly agreed by the parties that this Amendment is supplemental to the Original Corrtract,
<br />and all terms, conditions. and provisions thereof, unless specifically modified herein, aretci apply'.to
<br />this Amendment as though they were expressly rewritten, incorporated, and included hereln.
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<br />3. It is agreed the Original Contract is and shall be modified, altered, and chang~d in the following.
<br />respects only: .'. .
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<br />a. Paragraph A.9, Promissory Note Provisions, is replaced by a separate Promissory Note,
<br />attached as Attachment A and incorporated herein.
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<br />b. Paragraph A.11, Collateral, is amended to change the amount of the CD Account to
<br />$2,330.20. The Assignment of Certificate of Deposit, referred to as Appendix B in the Original
<br />Contract, is replaced by the Assignment of Certificate of Deposit attached as Attachment Band
<br />incorporated herein.
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