C150194 contract docs

• Contract/PO #: C150194
• Contractor Name: Central Colorado Water Conservancy District
• Contract Type: Loan
• Water District: 2
• County: Adams
• County: Morgan
• County: Weld
• Bill Number: SB 05-084
• Loan Projects - Doc Type: Contract Documents

•
PROMISSORY NOTE
Date:
Borrower:
Principal Amount:
Interest Rate:
Term of Repayment:
Loan Contract No.:
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May 13, 2011
Well Augmentation Subdistrict of the Central Colorado Water
Conservancy District
$14,934,611.80
2.5% per annum
30 years
C150194, dated June 21, 2005, and amended February 13,
2008
Loan Payment: $713,540.52
Payment Initiation Date: June 1, 2010
Maturity Date: June 1, 2040
FoR VALUE RECEtVED, the BORROWER promises to pay the Colorado Water
Consenration Board ("CWCB"), the Principal Amount plus Interest for the Term of
Repayment, pursuant to the LoAN CoNT�►cT and this promissory note.
2. This Promissory Note replaces and supersedes the Promissory Note dated June 21,
2005, in the principal amount of $20,200,000.
3. Principal and interest shall be payable in equal Loan Payments, with the first payment
due and payable one year from Payment Initiation, and annually thereafter. All
principal, interest, and late charges, if any, then remaining unpaid shall be due and
payable on or before the Maturity Date.
4. Payments shall be made to the Colorado Water Conservation Board at 1313 Sherman
Street, Room 721, Denver, Colorado 80203.
5. The CWCB rnay impose a late charge in the amount of 5% of the annual payment if
the CWCB does not receive the annual payment within 15 calendar days of the due
date.
6. This Note may be prepaid in whole or in part at any time without premium or penalty.
Any partial prepayment shall not postpone the due date of any subsequent payments
or change the amount of such payments.
7. All payments received shall be applied first to late charges, if any, next to accrued
interest and then to reduce the principal amount.
8. This Note is issued pursuant to the LoaN CoNT�cT befinreen the CWCB and the
BoRROwER. The LoAN CorvTRacT creates security interests in favor of the CWCB to
secure the prompt payment of all amounts that may become due hereunder. Said
security interests are evidenced by a Security Agreement and Deed of Trust ("Security
Instruments") of even date and amount and cover certain revenues, real property,
Appendix A to Loan Contract C150194 Amendment No. 2
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