C153445 Contract

• Contract/PO #: C153445
• Contractor Name: Summit Reservoir and Irrigation Company
• Contract Type: Loan
• Water District: 32
• County: Montezuma
• Bill Number: HB 84-1128
• Loan Projects - Doc Type: Contract Documents

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....J::N r OR A(;ENCY NU.\tB~R
34-04-00

Form 6-AC-02A IR j/8S)

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AMENDMENT # 1
PROJECT
CONTRACT

REDUCE
FROM:
TO:

ENCUMBRANCE
$30,254.00
21,637.18

THIS CONTRACT, made this tJ'.CJ; day of 074/7............4...- 198 ~ . by and between the
State of Colorado for the use and benefit of fne Department of'1 Natural Resources
(Colorado Water Conservatinn Ro~rn) .
hereinafter I'l'(erred 10 as (he Slate, and'2 Summi t Rp-!=;Rrvnl r .:'Inn Trri gllt-inn r.o~
P. O. Box ]27. nolorp~. co A1323.
hereinafter referred 10 as Ihe contraclor/Contractor. or the Borrower.

WHEREAS. authority exists in the law and Funds have been budgeted, appropriated and otherwise made
available and a sufficient unencumbered balance thereof remains available for payment in Fund Number 400R
Cll Account Number 5319X. ContraC'1 Encumbrance NumberC153445: and .
ABL Account No, 13191, Org. Unit 77-77-777,
WHEREAS. required approval. clearance and coordinalion has been accomplished from and wilh appropriate
.lIgtncies; and

WHEREAS. the State and the Borrower entered into a contract
dated August 1. 1985. contract encumbrance number C-153445
(hereinafter the "Original Contract"); and

WHEREAS. the original total cost of the project was
estimated to be Seventy Thousand Dollars ($70.000)"; and

WHEREAS. the State was authorized to loan a sum not to
exceed Thirty-Five Thousand Dollars ($35.000) for construction
of the project; and

WHEREAS. the construction cost of the project was less than
what was originally estimated; and

WHEREAS. the State cost for this project has now been
reduced to Twenty-One Thousand Six Hundred Thirty-Seven Dollars
and Eighteen Cents ($21.637.16).

NOW THEREFORE. it is hereby agreed as follows:

1. This contract amendment is a supplement to the Original
Contract. Attachment A. which is by this reference incorporated
and made a part hereof; and all terms. conditions. and
provisions thereof. unless specifically modified herein. are to
apply to this contract amendment as though they were expressly
rewritten. incorporated. and included herein.

2. Paragraphs A.2,. A.ll.. C.l,. and I. are hereby amended
to read as follows:

A.2. Contract for the construction of said project to
a responsible and capable firm or firms (hereinafter
referred to as Construction Firm or Firms). which
Construction Firm shall. when required by the State. be
selected through competitive pUblic bidding. said
project to be co~pleted within five (5) years of the
date of this contract in accordance with the project
plans and specifications and any necessary modification
thereof approved by the State. The State must approve.
in writing. all contracts before they can become
effective. The above-specified time may be extended by
the State if such time is insufficient because of acts
of God or other acts or circumstances beyond the
control of the Borrower.

A,ll. Repay to the State the total principal sum of
Sixty-One Thousand Five Hundred Two Dollars and Forty
Cents ($61.502.40). which includes the project loan
amount and the feasibility report amount. together with
interest at the rate of five percent (5\) per annum.
said repayment to be made in constant annual

395-5}(}101014

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