C150059 Contract

• Contract/PO #: C150059
• Contractor Name: Kenosha Trout Club
• Contract Type: Loan
• Water District: 23
• County: Park
• Loan Projects - Doc Type: Contract Documents

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BORROWER: KENOSHA TROUT CLUB Agency Name: Water Conservation Board
Contract No. C150059 Agency Number PDA
Original Loan Amount: $551,250 l Routing Number: 08 PDA ~C00 ~
Adjustment (Decrease): $264,477.88
Adjusted Loan Amount: $286,772.12
LOAN CONTRACT AMENDMENT NO.1
(STANDARD CONTRACT -WAIVER #160 -APPROVED NOVEMBER 1 O, 2003)
This Amendment, made this June 15, 2007, by and between the State of
Colorado for the use and benefit of the Department of Natural Resources, Colorado
Water Conservation Board ("CWCB"), and Kenosha Trout Club, a Colorado non-profit
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 C150059.
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
C150059, dated October 1, 2003, ("ORIGINAL CONTRACT"), incorporated herein by
reference, wherein the CWCB agreed to loan money in the total amount up to
$551,250, 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 July 1, 2006.
E. Of the $551,250 loan amount available, only $286,772.12 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 $286,772.12:
a. Promissory Note, attached as Appendix A and incorporated herein, which shall
replace and supersede the Promissory Note in the amount of $551,250 dated
October 1, 2003, attached to the ORIGINAL CONTRACT as Appendix 2.
b. Amended Security Agreement, attached hereto as Appendix B and incorporated
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