Laserfiche WebLink
PO#:461001190 <br /> Routing#: 19-HA4-ZG-00058 <br /> Exhibit G <br /> SAMPLE OPTION LETTER <br /> Date: Original Contract CMS#: Option Letter# CMS Routing# <br /> 1) OPTIONS: <br /> a. Accept and approve Payment Schedule Updates under Section 5 of the Original Contract and modify the <br /> Encumbrance Amount. <br /> b. Accept and approve the Payment Schedule Updates for a Contract Modification Order(on form of Exhibit <br /> E)which impacts the Project Commitment Amount and/or the fiscal year Encumbrance Amount pursuant to <br /> Section 15 of the Original Contract,and modify the Project Commitment Amount and/or Encumbrance <br /> Amount. <br /> 2) REQUIRED PROVISIONS. All Option Letters shall contain the appropriate provisions set forth below: <br /> a. For use with Option 1(a): In accordance with Section 5 of the Original Contract between the State of <br /> Colorado,Colorado Department of Transportation,and CASTLE ROCK CONST CO OF COLO LLC,the <br /> State hereby exercises its option to accept and approve the Payment Schedule Update attached hereto as <br /> Attachment 1 to Option Letter,which is incorporated by reference herein(the"Payment Schedule <br /> Update")or to encumber the balance of the Original Contract's maximum not to exceed price for the final <br /> fiscal year of construction. As of the effective date of this Option Letter,the Payment Schedule attached to <br /> the Original Contract shall be deleted in its entirety and replaced with the attached Payment Schedule <br /> Update and the Encumbrance Amount(as such term in defined in Section 4 of the Original Contract)shall <br /> be increased/decreased by$ amount of change to a new Encumbrance Amount of Insert New$Amt as <br /> consideration for services/goods ordered under the Contract for fiscal year indicate Fiscal Year.The first <br /> sentence of the fifth paragraph in Section 4 is hereby modified accordingly.The total Contract value <br /> including all previous amendments,Option Letters,etc.is Insert New$Amt. <br /> b. For use with Option 1(b): In accordance with Section(s) 15 and 5 of the Original Contract between the <br /> State of Colorado,Colorado Department of Transportation,and CASTLE ROCK CONST CO OF COLO <br /> LLC,the State hereby exercises its option to accept and approve the modified Project Payment Schedule <br /> attached hereto as Attachment 1 to Option Letter,which is incorporated by reference herein(the <br /> "Payment Schedule Update"). As of the effective date of this Option Letter,the Payment Schedule <br /> attached to the Original Contract shall be deleted in its entirety and replaced with the attached Payment <br /> Schedule Update and[insert information below and if necessary delete the options not required]: <br /> i. the Project Commitment Amount(as such term in defined in Section 4 of the Original Contract)shall be <br /> increased/decreased by$amount of change to a new Project Commitment Amount of Insert New$Amt <br /> for work ordered under the Contract.The first sentence of the second paragraph in Section 4 is hereby <br /> modified accordingly. <br /> ii. the Encumbrance Amount(as such term in defined in Section 4 of the Original Contract)shall be <br /> increased/decreased by$ amount of change to a new Encumbrance Amount of Insert New$Amt as <br /> consideration for services/goods ordered under the Contract for fiscal year indicate Fiscal Year.The <br /> first sentence of the fifth paragraph in Section 4 is hereby modified accordingly.The total Encumbrance <br /> Amount for all fiscal years including all previous amendments,Option Letters,this Option Letter is <br /> Insert New$Amt. <br /> 3) Effective Date.The effective date of this Option Letter is upon approval of the State Controller or , <br /> whichever is later. <br /> Document Builder Generated Page 31 of 33 <br /> Rev. 12/09/2016 <br />