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<br /> <br />AGENCY NAME: Water Conservation Board <br /> <br />AGENCY NUMBER: PDA <br />ROUTING NUMBER: 02 PDA (j{)OtPt'( <br /> <br />Contract Amendment No.1 <br /> <br />This Amendment, made this 1st day of March 2002, by and between the State of <br />Colorado for the use and benefit of the Department of Natural Resources, Colorado <br />Water Conservation Board, hereinafter referred to as CWCB or STATE, and the City of <br />Idaho Springs, acting by and through the City of Idaho Springs Water Activity Enterprise <br />hereinafter referred to as the BORROWER and/or CONTRACTOR, P.O. Box 907, Idaho <br />Springs, Colorado 80452. <br /> <br />Factual Recitals <br /> <br />A. Authority exists in the law, and funds have been budgeted, appropriated, and <br />otherwise made available and a sufficient unencumbered balance thereof remains <br />available for payment in Fund Number 424, Appropriation Code L98, Contract <br />Encumbrance Number C150016. <br /> <br />B. Required approval, clearance, and coordination have been accomplished from and <br />with appropriate agencies. <br /> <br />C. The CWCB and the CONTRACTOR entered into Contract Encumbrance Number <br />C150016, dated December 18, 2000, hereinafter referred to as ORIGINAL CONTRACT, <br />incorporated herein by reference, wherein the CWCB agreed to loan money in the <br />total amount of $955,000, and the CONTRACTOR agreed to repay the loan in <br />accordance with the terms of the ORIGINAL CONTRACT. <br />~ <br /> <br />D. During construction of the PROJECT, the CONTRACTOR encountered unforeseen site <br />conditions, design modifications, and additional work due to changes instituted by a <br />regulatory agency not anticipated in the original project cost estimate. These items <br />increased the cost of the PROJECT by $280,000. To meet the increased costs, the <br />CONTRACTOR requested an additional $210,000, for a total loan amount of' <br />$1,165,000. <br /> <br />E. H.B.00-1419, Section 1(2) provides that the CWCB may increase authorized loan <br />amounts as may be justified by "reasons of ordinary fluctuations in construction <br />costs as indicated by the engineering cost indices applicable to the types of <br />construction required for each project or as may be justified by reason of changes in <br />the plan for a project due to differing or unforeseen site conditions, errors or <br />omissions in the plans and specifications, changes instituted by regulatory agencies, <br />or changes in material quantities beyond contract limits." <br /> <br />City 01 Idaho Springs <br /> <br />Page 1014 <br /> <br />Contract Amendment No.1 <br />