C150249 Contract

• Contract/PO #: C150249
• Contractor Name: Black Dike Pipeline Company
• Contract Type: Loan
• Water District: 0
• County: Montezuma
• Loan Projects - Doc Type: Contract Documents

BORROWER: BLACK DIKE PIPELINE
COMPANY
Contract No. C150249
Original Loan Amount: $603,980
Adjustment (Decrease): $337,649.78
Adjusted Loan Amount: $266,330.22
Agency Name: Water Conservation Board
Agency Number PDA
Ins
LOAN CONTRACT AMENDMENT NO. 1
(STANDARD CONTRACT — WAIVER #160 — APPROVED NOVEMBER 10, 2003)
This Amendment, made this July 9, 2012, 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 Black Dike Pipeline Company, 15200 Road J,
Cortez, CO 81321, 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 C150249.
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 C150249,
dated August 31, 2007 ( "ORIGINAL CONTRACT "), incorporated herein by reference,
wherein the CWCB agreed to loan money in the total amount up to $603,980, and the
BORROWER agreed to repay the loan in accordance with the terms of the ORIGINAL
CONTRACT.
D. The project financed with the loan proceeds was substantially complete as of October
1, 2008, and BORROWER made a principal pre - payment in the amount of $337,649.78,
leaving a loan amount of $266,330.22.
E. The parties agree to amend the contract to reduce the final loan amount to
$266,330.22.
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 $266,330.22:
a. Promissory Note, attached as Appendix A and incorporated herein, which shall
Loan Contract C150249 Amendment No. 1
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