PROJC02282 ‎(2)‎

• Contract/PO #: C150223
• Contractor Name: Keenesburg, Town of
• Contract Type: Loan
• Water District: 2
• County: Weld
• Loan Projects - Doc Type: Contract Documents

AMENDMENT NO. 1 TO SECURITY AGREEMENT
DEBTOR: Town of Keenesburg, acting by and through its
Water Activity Enterprise
SECURED PARTY: COLORADO WATER CONSERVATION BOARD
DATE OF ORIGINAL SECURITY AGREEMENT: June 1, 2006
Original Promissory Note: $1,523,080, dated June 1, 2006, interest at the
rate of 3.75% per annum with annual payment
for a period of 30 years or until paid in full.
ORIGINAL LOAN CONTRACT: C150223, DATED June 1, 2006
1. The Parties have amended the ORIGINAL LOAN CONTRACT and Promissory Note to
decrease the loan amount from $1,523,080 to $1,127,968 and hereby amend the
original Security Agreement to document the change of loan amount.
2. The Parties expressly agree that this Amendment is supplemental to the Security
Agreement and all terms, conditions, and provisions thereof, unless specifically
modified below, are to apply to this Amendment as though they were expressly
rewritten, incorporated, and included herein.
Amended Loan Contract: C150223, dated December 12, 2008
Replacement Promissory Note: $1,127,968, dated December 12, 2008, interest
at the rate of 3.75% per annum with annual
payments for a period of 30 years or until paid in
full
Date of Amended Security Agreement: December 12, 2008
DEBTOR: Town of Keenesburg, acting by and
through its Water Activity Enterprise
SEAL ;'
By ~~~ ~. ~ ~_~
anny Kipp, Mayor
ATTES a
- ~(,
Debra Chumley, Town Cler
Appendix B to Loan Contract C150223 Amendment No. 1
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