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C150302 contract docs
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C150302 contract docs
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Last modified
8/10/2011 10:08:52 AM
Creation date
7/19/2011 10:41:57 AM
Metadata
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Loan Projects
Contract/PO #
C150302
Contractor Name
WRCC, Inc.
Contract Type
Loan
County
Larimer
Weld
Loan Projects - Doc Type
Contract Documents
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specifically modified herein, are to apply to this Amendment as though they were <br />expressly rewritten, incorporated, and included herein. <br />3. The CWCB agrees that it shall loan the BoRROwER an additional loan amount of <br />$50,200 plus the 1% loan service fee for a loan amount of $1,352,592 to finance up <br />t0 90% of Project costs (ADDITIONAL LOAN AMOUNT). The t21"111S f01' th2 ADDITIONAL <br />LoAN AnnoutvT are an interest rate of 2.85% per annum for a term of 30 years. The <br />BoRROwER hereby agrees to repay the loan in accordance with the terms of the <br />ORi�iNA� CotvTr�acT as herein amended and the attached Promissory Note. <br />4. Prior to the execution of this Amendment by the CWCB, the BORROWER shall submit <br />to the CWCB a letter from its attorney stating that it is the attorney's opinion that (1) <br />the person(s) signing for the BORROWER was duly elected or appointed and has <br />authority to sign such documents on behalf of the BORROWER and to bind the <br />BORROWER; (2) the BORROWER's governing body has validly adopted a resolution <br />approving this Amendment; (3) there are no provisions in the any state or local law <br />that prevent this Amendment from binding the BoRROwER; and (4) this Amendment <br />will be valid and binding against the BoRROwER if entered into by the CWCB. <br />5. The BoRROwER agrees that it shall execute the following documents, all of which shall <br />set forth the loan amount of $1,352,592 which includes the 1% loan service fee: <br />a. Promissory Note, attached as Appendix A and incorporated herein, which shall <br />replace and supersede the Promissory Note in the amount of $1,301,890 dated <br />December 4, 2009, attached to the OR�GirvA� CorvTRacr as Appendix 2. <br />b. Amended Security Agreement, attached hereto as Appendix B and incorporated <br />herein, which shall supplement and operate in conjunction with the Security <br />Agreement dated December 4, 2009, attached to the ORIGINAL CONTRACT as <br />Appendix 4. <br />c. Amended Deed of Trust, attached hereto as Appendix C and incorporated herein, <br />which shall supplement and operate in conjunction with the Deed of Trust dated <br />December 4, 2009, attached to the ORi�iNA� CoNT�cT as Appendix 5. <br />6. Except for the SPECIAL PROVISIONS, in the event of any conflict, inconsistency, <br />variance, or contradiction between the provisions of this Amendment and any of the <br />provisions of the ORIGINAL CONTRACT, the provisions of this Amendment shall in all <br />respects supersede, govern, and control. The SPECia� PROVisiotvs shall always be <br />controlling over other provisions in the contract or amendments. The representations <br />in the SPEC�A� PROV�stoNS concerning the absence of bribery or corrupt influences and <br />personal interest of STaTE employees are presently reaffirmed. <br />7. Financial obligations of the state payable after the current fiscal year are contingent <br />upon funds for that purpose being appropriated, budgeted, and otherwise made <br />available. <br />8. This amendment shall not be deemed valid or effective until it shall have been <br />approved by the controller of the State of Colorado or such assistant as he may <br />designate. . <br />9. INDEMNIFICATION. Contractor shall indemnify, save, and hold harmless the State, <br />its employees and agents, against any and all claims, damages, liability and court <br />awards including costs, expenses, and attorney fees and related costs, incurred as <br />a result of any act or omission by Contractor, or its employees, agents, <br />subcontractors, or assignees pursuant to the terms of this contract. <br />Page 2 of 5 <br />
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