C150237 contract docs

• Contract/PO #: CT2015-040
• Contract/PO #: C150237
• Contractor Name: Penrose Water District
• Contract Type: Loan
• County: Fremont
• Bill Number: SB 07-122
• Loan Projects - Doc Type: Contract Documents

APPENDIX B-1, AMENDMENT No. 2 TO LOAN CONTRACT CT2O15-040(150237)
AMENDMENT TO THE SECURITY AGREEMENT
DEBTOR: PENROSE WATER DISTRICT, ACTING BY AND THROUGH ITS
WATER ACTIVITY ENTERPRISE
SECURED PARTY: COLORADO WATER CONSERVATION BOARD
SECURITY AGREEMENTS: ORIGINAL DATED DECEMBER 13,2010,AS AMENDED
DECEMBER 17, 2014
PROMISSORY NOTES: ORIGINAL PROMISSORY NOTE DATED DECEMBER 13, 2010 IN
THE AMOUNT OF $8,844,570.00; CONTRACT AMENDMENT No
1, APPENDIX A TO PROMISSORY NOTE, IN THE AMOUNT OF
$9,763,670.00; CONTRACT AMENDMENT NO. 2, APPENDIX A-1
TO PROMISSORY NOTE,IN THE AMOUNT OF$8,415,683.54
ORIGINAL TERMS: INTEREST RATE OF 3.25% PER ANNUM FOR A PERIOD OF 30
YEARS OR UNTIL PAID IN FULL
LOAN CONTRACT NUMBER: CT2015-040(C150237), CONTRACT AMENDMENT No. 1 AND
CONTRACT AMENDMENT No.2
1. The Parties have amended the ORIGINAL LOAN CONTRACT and PROMISSORY NOTE to decrease the
loan amount from $9,763,670.00 to $8,415,683.54 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 original 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: AMENDMENT NO.2 TO LOAN CONTRACT NO.CT2015-040
(C150237)
REPLACEMENT PROMISSORY NOTE: TOTAL AMOUNT OF$8,415,683.54,WITH AN ANNUAL PAYMENT
AMOUNT OF $443,352.66, AT AN INTEREST RATE OF 3.25%,
FOR THIRTY(30)YEARS OR UNTIL THE LOAN IS PAID IN FULL.
DEBTOR: PENROSE WATER DISTRICT,ACTING BY AND
THROUGH ITS W fi R ACTIVITY ENTERPRISE
( SEAL)
By VG A-Y(3 IdeliL
Si nature/Tile
ATTEST:
Date 11/Z 9 /15
By i�AL,/
Signature/T4tle
Date / / ('k 17
Appendix B-1 to Amendment No.2
Page 1 of 1