PROJC02550

• Contract/PO #: C150011
• Contractor Name: Consolidated Mutual Water Company, The
• Contract Type: Loan
• Water District: 7
• County: Jefferson
• Bill Number: SB 99-173
• Loan Projects - Doc Type: Contract Documents

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AMENDMENT NO. 1 TO SECURITY AGREEMENT
DEBTOR: The Consolidated Mutual Water
Company
SECURED PARTY: COLORADO WATER CONSERVATION BOARD
DATE OF ORIGINAL SECURITY AGREEMENT: SEPTEMBER 21, 2001
Original Promissory Note: $4,333,000, dated September 21, 2001,
Interest at the rate of 5.5% per annum
with annual payment for a period of 10
years or until paid in full.
ORIGINAL LOAN CONTRACT: C150011, DATED SEPTEMBER 13, 1999,
AND AMENDED APRIL 26, 2000 AND
SEPTEMBER 21, 2001
1. The Parties have amended the ORDINAL LOAN CONTRACT and Promissory Note
to decrease the loan amount from 2,454,770.67, increase the
interest rate from 5.5% to 5.75%, d r for a period of five (5) years,
and change the repayment period from 5) years, and hereby
amend the original Security r en the change of loan
amount, repayment period, and i es rate.
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: C150011, dated October 12, 2006.
Replacement Promissory Note: $2,454,770.67, dated October 12, 2006,
interest at the rate of 5.75% per annum
with annual payments for a period of 5
years or until paid in full
Date of Amended Security Agreement: October 12, 2006
DEBTOR: The Consolidated Mutual Water
Company, a Colorado nonprofit corporation
(SEAL)
By --
Walter S. Welton, President
ATTEST:
Appendix D to Loan Contract C150011 Amendment No. 3