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C150322 Contract
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C150322 Contract
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Last modified
9/13/2016 8:25:16 AM
Creation date
6/7/2012 8:03:32 AM
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Template:
Loan Projects
Contract/PO #
CT2015-042
C150322
Contractor Name
Lake Canal Reservoir Company
Contract Type
Loan
County
Larimer
Weld
Loan Projects - Doc Type
Contract Documents
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APPENDIX B, AMENDMENT No. 1 TO LOAN CONTRACT CT2015-042 (C150322) <br /> AMENDMENT TO SECURITY AGREEMENT <br /> DEBTOR: LAKE CANAL RESERVOIR COMPANY <br /> SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> DATE OF ORIGINAL SECURITY AGREEMENT: APRIL 23,2012 <br /> ORIGINAL PROMISSORY NOTE: $116,625.00 DATED AT AN INTEREST RATE OF 2.10% <br /> PER ANNUM WITH AN ANNUAL PAYMENT OF $5,279.17 <br /> FOR A PERIOD OF 30 YEARS OR UNTIL PAID IN FULL. <br /> LOAN CONTRACT NUMBER: CT2015-042, DATED MAY 17, 2012. <br /> 1. The Parties have amended the ORIGINAL LOAN CONTRACT and Promissory Note to increase <br /> the loan amount, by $87,763, from $116,625.00 to $204,298.00 and hereby amend the <br /> original Security Agreement to document the change of loan amount. <br /> 2. The Parties expressly agree that this Amendment is supplemental to the Security Agreement <br /> and all terms, conditions, and provisions thereof, unless specifically modified below, are to <br /> apply to this Amendment as though they were expressly rewritten, incorporated, and included <br /> herein. <br /> Amended Loan Contract: Amendment No. 1 to Loan Contract <br /> No. CT2015-042 (C150322) <br /> Amended Promissory Note: Total Loan Amount is $204,298.00, with an <br /> annual loan payment of $9,247.79, at an interest <br /> rate of 2.10%, for 30 years or until the loan is <br /> paid in full. <br /> DEBTOR: LAKE CANAL RESERVOIR COMPANY <br /> ( SEAL) <br /> By &/ ' Signature/Title <br /> ATTEST: <br /> Date /, -9— A9/.' <br /> Signature/Tit e <br /> Appendix B <br /> Page 1 of 1 <br />
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