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, Y z , ,r parties agree to amend this Contract, including its appendices where necessary, to revise the LOAN AMOUNT. 5. Interest Prior to PRO�ecT Completion. As the Loan funds are disbursed by the CWCB t0 thG' BORROWER, interest shall accrue at the rate stated in Appendix 1. The CWCB shall calculate the amount of the interest that aCCrued prior to PROJECT's substantial completion (as determined by the CWCB) and notify BoRROwER of such amount. The BoRROwER shall repay that amount to the CWCB either within ten (10) days from the date of notification from the CWCB, or, at the BoRROwER's discretion, said interest shall be deducted from the final disbursement of loan funds that the CWCB makes to the BORROWER, to the extent not previously paid by the BoRROwER. 6. Documents Prior to Contract Execution. Prior to the execution of this Contract by the CWCB, the Borrower shall submit the signed Promissory Note, the signed 2007 CWCB Ordinance, certificates of insurance, and the Attorney's Opinion Letter. 7. Attorney's Opinion Letter. The BoRROwER shall submit to the CWCB a letter from BORROWER's bond counsel stating that it is the attorney's opinion that � a. this Contract has been duly executed by officers of the BoRROwER who are duly elected or appointed and are authorized to execute the Contract and to bind the BORROWER; b. the resolutions delivery of this BORROWER; or ordinances of the BORROWER authorizing the execution and Contract were duly adopted by the governing body of the c. there are no provisions in the Colorado Constitution or any other state or local law that prevent this Contract from binding the BoRROwER; d. this Contract will be valid, binding and enforceable against the BORROWER in accordance with its terms if entered into by the CWCB before December 31, 2007. Pledge of revenues. The BoRROwER irrevocably pledges to the CWCB, for purposes of repayment of the Loan, the Net Pledged Revenues, as defined in Article 1 of the General Urdinance, but only to the extent and in the order of priority provided in the General Ordinance and the 2007 CWCB Series Ordinance, in an amount sufficient to pay the Debt Service Requirements of the Loan. a. The Loan, as to all Debt Service Requirements thereof, shall be payable solely out of the Net Pledged Revenues. The CWCB may not look to the general fund or any other fund of the City for the payment of the Debt Service Requirements, except the special funds and accounts pledged therefore. The Loan shall not constitute a debt or indebtedness or multiple-fiscal year debt or other financial obligation of the City within the meaning of any constitutional, Charter or statutory limitation, and the Loan shall not be considered or held to be a general obligation of the City, but shall constitute the special and limited obligation of the City, acting by and through the Enterprise. The Loan is not payable in whole or in part from the proceeds of general property taxes or any other form of taxation, and the full faith and credit of the City is not pledged for payment of the Loan. Loan Contract C150243 Page 4 of 15