Laserfiche WebLink
APPENDIX B, AMENDMENT No. 1 TO LOAN CONTRACT Cl 50237 <br /> AMENDMENT TO THE SECURITY AGREEMENT <br /> DEBTOR: PENROSE WATER DISTRICT, ACTING BY AND THROUGH <br /> ITS WATER ACTIVITY ENTERPRISE <br /> SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> DATE OF ORIGINAL SECURITY AGREEMENT: DECEMBER 13,2010 <br /> ORIGINAL PROMISSORY NOTE: $8,844,570 DATED DECEMBER 13, 2010, INTEREST <br /> RATE OF 3.25% PER ANNUM WITH AN ANNUAL PAYMENT <br /> OF$465,947.13 FOR A PERIOD OF 30 YEARS OR UNTIL <br /> PAID IN FULL. <br /> ORIGINAL LOAN CONTRACT: Cl 50237, DATED DECEMBER 29,2010,AND <br /> CONTRACT AMENDMENT NO.1 <br /> 1. Pursuant to the Board's approval of a loan increase of$919,100 on November 20, 2014, the <br /> total loan amount was increased from a not to exceed amount of$8,844,570 to $9,763,670. <br /> The loan terms shall remain at 30 years at an interest rate of 3.25%per annum. <br /> 2. The Parties expressly agree that this Amendment is supplemental to the original Security <br /> Agreement and all terms, conditions, and provisions thereof, unless specifically modified <br /> below, are to apply to this Amendment as though they were expressly rewritten, incorporated, <br /> and included herein. <br /> Amended Loan Contract: Amendment No.1 to Loan Contract No C150237 <br /> Replacement Promissory Note: Total amount of $9,763,670, as of CWCB approval <br /> on November 20, 2014, with an annual payment <br /> amount of $514,366.90 for thirty (30) years or until <br /> the loan is paid in full at an interest rate of 3.25%. <br /> DEBTOR: PENROSE WATER DISTRICT,ACTING BY AND <br /> THROUGH ITS WATER ACTIVITY ENTERPRISE <br /> (SEAL) <br /> By (71///- <br /> Sig ature/Title <br /> ATTEST: ,-' <br /> „>/ ��,r--•� Date 12/17// 4. <br /> Dy <br /> Sign- 4're/Title <br /> Date 1;2 <br /> Appendix B to Amendment No.1 <br /> Loan Contract C150237 <br /> Page 1 of 1 <br />