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BORROWER: SILT WATER CONSERVANCY
<br />DISTRICT, ACTING BY AND THROUGH ITS
<br />WATER ACTIVITY ENTERPRISE
<br />Contract No. C150149
<br />Original Loan Amount: $1,515,000
<br />Adjustment (Decrease): $440,615.15
<br />Adjusted Loan Amount: $1,074,384.85
<br />Agency Name: Water Conservation Board
<br />Agency Number PDA
<br />LOAN CONTRACT AMENDMENT N0. 2
<br />(STANDARD CONTRACT — WAIVER #160 — APPROVED NOVEMBER 1 O, 2003)
<br />This Amendment, made this July 14, 2010, by and between the State of Colorado
<br />for the use and benefit of the Department of Natural Resources, Colorado Water
<br />Conservation Board ("CWCB"), and the Silt Water Conservancy District, acting by and
<br />through its Water Activity Enterprise, P.O. Box 8, Silt, CO 81652, a Colorado nonprofit
<br />corporation ("BORROWER" OI' "CONTRACTOR'��.
<br />FACTUAL RECITALS
<br />A. Authority exists in the law, and funds have been budgeted, appropriated, and otherwise
<br />made available for payment in Contraet Encumbrance Number C150149.
<br />B. Required approval, clearance, and coordination have been accomplished from and with
<br />appropriate agencies.
<br />C. The CWCB and the BoRROwER entered into Contract Encumbrance Number C150149,
<br />dated November 1, 2003, and amended January 15, 2008 ("ORIGINAL CONTRACT"),
<br />incorporated herein by reference, wherein the CWCB agreed to loan money in the total
<br />amount up to $1,515,000, and the BoRROwER agreed to repay the loan in accordance
<br />Wlth th@ t@I't11S Of th2 ORIGINAL CONTRACT.
<br />D. The project financed with the loan proceeds was substantially complete as of October
<br />1, 2009, and of the $1,515,000 loan amount available, the BORROWER used only
<br />$1,074,384.85.
<br />E. The parties agree to amend the contract to reduce the final loan amount to
<br />$1,074,384.85.
<br />NOW THEREFORE, it is hereby agreed that
<br />1. Consideration for this Amendment to the ORi�irvA� CoNTRacT consists of the payments
<br />that shall be made pursuant to this Amendment a�d ORIGINAL CONTRACT at1d the
<br />promises and agreements herein set forth.
<br />2. It is expressly agreed by the parties that this Amendment is supplemental to the
<br />ORIGINAL CONTRACT, and all terms, conditions, and provisions thereof, unless
<br />specifically modified herein, are to apply to this Amendment as though they were
<br />expressly rewritten, incorporated, and included herein.
<br />3. The BoRROwER agrees that it shall execute the following document, all of which shall
<br />Loan Contract C150149 Amendment No. 2
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