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3. The CWCB agrees that it shall loan the BoRROwER an additional loan amount of <br />$15,000 plus the 1% loan service fee for a loan amount of $87 ,870 (ADDITIONAL <br />LOAN AMOUNT�. Th8 te�t11S f0� the ADDITIONAL LOAN AMOUNT 8f@ af1 ItlteC2St Pat2 Of <br />3.1 % per annum for a term of 30 years. The BoRROwER hereby agrees to repay the <br />loan in accordance with the terms of the ORi�itva� CoNrRacT as herein amended and <br />the attached Promissory Note. <br />4. The BORROWER haS adopted a resolution, irrepealable for the term of this loan, <br />authorizing the BORROWER t0 enter into this contract amendment to borrow the <br />ADDITIONAL LOAN AMOUNT to establish and collect assessments su�cient to pay the <br />annual loan payments, to pledge said assessments for repayment of the loan, and to <br />execute documents necessary to convey a security interest in said assessments and <br />collateral, if necessary, to the CWCB. Said resolution is attached as Appendix B. <br />5. Prior to the execution of this Amendment by the CWCB, the BoRROwER shall submit <br />to the CWCB a letter from its attorney stating that it is the attorney's opinion that (1) <br />the person(s) signing for the BoRROwER was duly elected or appointed and has <br />authority to sign such documents on behalf of the BORROWER and to bind the <br />BORROWER (2) the BORROWER governing body has validly adopted a resolution <br />approving this Amendment; (3) there are no provisions in the any state or local law <br />that prevent this Amendment from binding the BoRROwER; and (4) this Amendment <br />will be valid and binding against the BoRROwER if entered into by the CWCB. <br />6. The BoRROwER agrees that it shall execute the following documents, all of which shall <br />set forth the loan amount of $87,870 which includes the 1% loan service fee: <br />a. Promissory Note, attached as Appendix A and incorporated herein, which shall <br />replace and supersede the Promissory Note in the amount of $72,720 dated <br />March 1, 2003 afitaChed t0 the ORIGINAL CONTRACT aS AppetlCllX 2. <br />b. Amended Security Agreement, attached hereto as Appendix C and incorporated <br />herein, which shall supplement and operate in conjunction with the Security <br />Agreement dated March 1, 2003, attached to the ORi�iNa� CoNTRacr as Appendix <br />4. <br />c. Amended Deed of Trust, attached hereto as Appendix D and incorporated herein, <br />which shall supplement and operate in conjunction with the Deed of Trust dated <br />March 1, 2003, attached to the OR���Na� CoNrRa,cT as Appendix 5. <br />7. Except for the SPECIAL PROVISIONS in the event of any conflict, inconsistency, <br />variance, or contradiction between the provisions of this Amendment and any of the <br />PI"OVISIOCIS Of th@ ORIGINAL CONTRACT the provisions of this Amendment shall in all <br />respects supersede, govern, and control. The SPECia� PROVisiotvs shall always be <br />controlling over other provisions in the contract or amendments. The representations <br />in the SPECia� PROVisioNS concerning the absence of bribery or corrupt influences and <br />personal interest of SraTE employees are presently reaffirmed. <br />8. Financial obligations <br />upon funds for that <br />available. <br />of the state payable after the current fiscal year are contingent <br />purpose being appropriated, budgeted, and otherwise made <br />9. This amendment shall not be deemed valid or effective until it shall have been <br />approved by the controller of the State of Colorado or such assistant as he may <br />designate. <br />Page 2 of 5 <br />