C150375 Contract

• Contract/PO #: CT2015-010
• Contract/PO #: C150375
• Contractor Name: CONSOLIDATED HOME SUPPLY DITCH AND RESERVOIR COMPAY
• Contract Type: Loan
• Water District: 4
• County: Larimer
• Loan Projects - Doc Type: Contract Documents

CONTRACT AMENDMENT
Amendment Original Loan Contract No. C150375 Amendment No.1 CMS #73079
No.1 CMS No.62196 CORE 2015-10
CORE 2015-10
1) PARTIES
This Amendment No.1 (AMENDMENT) to the above-referenced ORIGINAL LOAN CONTRACT (hereinafter
called the ORIGINAL CONTRACT) is entered into by and between the Consolidated Home Supply Ditch
and Reservoir Company, do Northern Colorado Water Conservancy District, 220 Water Ave.
Berthoud, Colorado, 80513, (hereinafter called "BORROWER") and the STATE OF COLORADO
(hereinafter called the "STATE") acting by and through the Department of Natural Resources,
Colorado Water Conservation Board, (hereinafter called "CWCB").
2) EFFECTIVE DATE AND ENFORCEABILITY
This AMENDMENT shall not be effective or enforceable until it is approved and signed by the
Colorado State Controller or designee (hereinafter called the "EFFECTIVE DATE"), but shall be
effective and enforceable thereafter in accordance with its provisions.
3) FACTUAL RECITALS
The Consolidated Home Supply Ditch and Reservoir Company submitted, in writing to CWCB, a
request for an increase to the loan contract total amount of its existing CWCB LOAN CONTRACT
NUMBER C150375 for the Emergency Big Dam Diversion Structure Repair(PROJECT). The purpose
of the Project is to repair damages to the diversion structure and ditch caused by the 2013 flood
event. The requested increase in loan contract total amount is due to additional flood mitigation
improvements that were identified during design and construction. At its September 11, 2014
meeting, the CWCB found that the Project required additional improvements and approved a loan
contract increase of$240,000 for project costs and $2,400 for the 1% service loan fee with a total
loan increase of$242,400. This request increases the existing CWCB loan contract total amount
from $1,616,000 to $1,858,400.
4) CONSIDERATION
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.
The Parties acknowledge that the mutual promises and covenants contained herein and other good
and valuable consideration are sufficient and adequate to support this AMENDMENT.
5) LIMITS OF EFFECT
This AMENDMENT is incorporated by reference into the ORIGINAL CONTRACT, and the ORIGINAL
CONTRACT and all prior amendments thereto, if any, remain in full force and effect except as
specifically modified herein.
6) MODIFICATIONS.
The ORIGINAL CONTRACT NO. C150375 and all prior amendments thereto, if any, are modified as
follows:
a) Amend this contract to increase the loan contract total amount by$242,400 increasing the Loan
Contract total amount from $1,616,000 to $1,858,400. The terms for the additional loan amount
are the same as the original contract; no payments for the first three years followed by 27 years
of amortized payments. The interest is zero interest for the first three years, followed by 1.95%
for the remaining 27 years.
b) The BORROWER agrees that it shall execute the following documents, all of which shall set forth
the revised loan contract total amount of$1,858,400:
Amendment No. 1 to Loan Contract C150375
Page 1 of 3