PROJC01547

• Contract/PO #: C153670B
• Contractor Name: Ute Water Conservancy District
• Contract Type: Loan
• Water District: 72
• County: Mesa
• Bill Number: SB 88-30
• Loan Projects - Doc Type: Contract Documents

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H. The CONTRACTOR issued l, Ie Water Revenue Refunding Bonds, ;:;eries 1997 ("1997 Bonds"),
on June 12, 1997.

I. Because no additional obligations were created by the issuance of the 1997 Bonds, which
will have a first lien on the CONTRACTOR'S revenues on a parity equal to the 1987 Bonds and
the 1995 Bonds, and because the issuance of the 1997 Bonds will result in debt service
savings to the CONTRACTOR, the STATE has agreed to amend the ORIGINAL CONTRACT, as
amended, to acknowledge the issuance of the 1997 Bonds

NOW THEREFORE, the parties hereby agree that

1. Consideration for this Amendment to the ORIGINAL CONTRACT consists of the payments
which shall be made pursuant to this Amendment and the ORIGINAL CONTRACT, as
amended, 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, as amended, 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. It is agreed the ORIGINAL CONTRACT, as amended, is and shall be modified, altered, and
changed in the following respects only:

a) Recital 11 is amended to read as follows:

Both the STATE and the BORROWER recognize and understand that the revenues of
the BORROWER are subject to pay its Water Revenue Refunding Bonds, Series
1987, Series 1995 and Series 1997, and all existing loans from the STATE.

b) Paragraph A.11 is amended by the addition of the following sentence:

Both the STATE and the BORROWER recognize and understand that the revenues of
the BORROWER are subject to pay its Water Revenue Refunding Bonds, Series 1 987
Series 1995 and Series 1997, and all existing loans from the STATE.

c) Paragraph A.13.a is amended to read as follows:

Pledge of sufficient revenues. The BORROWER hereby pledges sufficient annual
revenues to pay the annual installment amount subject only to the pledge of funds
for repayment of the BORROWER'S Water Revenue Refunding Bonds, Series 1987,
Series 1995 and Series 1997, and of all existing loans from the STATE.

d) - The Special Provisions (pages 10-11 of the ORIGINAL CONTRACT) are amended by
the addition of the following paragraph:

Pursuant to CRS 24-30-202.4 (as amended), the state controller may withhold
debts owed to state agencies under the vendor offset intercept system for: (a)
unpaid child support debt or child support arrearages; (b) unpaid balance of tax,
accrued interest, or other charges specified in Article 22, Title 39, CRS; (c) unpaid
loans due to the student loan division of the department of higher education; (d)
owed amounts required to be paid to the unemployment compensation fund; and
(e) other unpaid debts owing to the state or any agency thereof, the amount of

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