PROJC02139

• Contract/PO #: C150145
• Contractor Name: Spring Dale Ditch Company, The
• Contract Type: Loan
• Water District: 64
• County: Logan
• Bill Number: MC3
• Loan Projects - Doc Type: Contract Documents

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BORROWER: THE SPRING DALE DITCH CO.
Contract No. C150145
Original Loan Amount $122,715
Adjustment (Decrease): $77,389.81
Adjusted Loan Amount $45,325.19

Agency Name: Water Conservation Board
Agency Number PDA
Routing Number: 09 PDA C;(/Z; /2.

LOAN CONTRACT AMENDMENT No. 1
(STANDARD CONTRACT - WAIVER #160 - ApPROVED NOVEMBER 10, 2003)

This Amendment, made this April 1, 2008, by and between the State of Colorado
for the use and benefit of the Department of Natural Resources, Colorado Water
Conservation Board ("CWCB"), and The Spring Dale Ditch Company, P.O. Box 109,
Sterling, CO 80751, a Colorado nonprofit corporation ("BORROWER" or "CONTRACTOR").

FACTUAL RECITALS

A. Authority exists in the law, and funds have been budgeted, appropriated, and
otherwise made available for payment in Contract Encumbrance Number C150145.
B. Required approval, clearance, and coordination have been accomplished from and
with appropriate agencies.
C. The CWCB and the BORROWER entered into Contract Encumbrance Number
C150145, dated August 15, 2003 ("ORIGINAL CONTRACT"), incorporated herein by
reference, wherein the CWCB agreed to loan money in the total amount up to
$122,715, and the BORROWER agreed to repay the loan in accordance with the terms
of the ORIGINAL CONTRACT.
D. The Project was substantially complete as of October 1, 2007.
E. Of the $122,715 loan amount available, only $45,325.19 was disbursed to the
BORROWER for 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
that 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 BORROWER agrees that it shall execute the following documents, all of which shall
set forth the revised loan amount of $45,325.19:
a. Promissory Note, attached as Appendix A and incorporated herein, which shall
replace and supersede the Promissory Note in the amount of $122,715 dated
August 15, 2003, attached to the ORIGINAL CONTRACT as Appendix 2.

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