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C150375 Contract
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C150375 Contract
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Last modified
1/23/2015 11:15:51 AM
Creation date
12/30/2013 11:27:26 AM
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Loan Projects
Contract/PO #
CT2015-010
C150375
Contractor Name
CONSOLIDATED HOME SUPPLY DITCH AND RESERVOIR COMPAY
Contract Type
Loan
Water District
4
County
Larimer
Loan Projects - Doc Type
Contract Documents
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APPENDIX B,AMENDMENT NO I TO LOAN CONTRACT C150375 <br /> AMENDMENT TO THE SECURITY AGREEMENT <br /> DEBTOR: Consolidated Home Supply Ditch and Reservoir <br /> Company,a Colorado nonprofit corporation <br /> SECURED PARTY Colorado Water Conservation Board <br /> DATE OF ORIGINAL SECURITY AGREEMENT: November 4,2013 <br /> ORIGINAL PROMISSORY NOTE: $1,616,000 dated November 4,2013. No payments and <br /> zero interest for the first three years followed by 27 years <br /> of amortized payments at the interest rate of 1.95%per <br /> annum <br /> ORIGINAL LOAN CONTRACT: C150375,dated December 18, 2013 <br /> 1. Pursuant to the Board's approval of a loan increase of$242,400 on September 11,2014,the total <br /> loan amount was increased from a not to exceed amount of$1,616,000 to$1,858A00.The loan <br /> terms shall remain the same no payments and zero interest for the first three years followed by 27 <br /> years of amortized payments at the interest rate of 1.95%per annum <br /> 2. The Parties expressly agree that this Amendment is supplemental to the original Security Agreement <br /> and all terms,conditions, and provisions thereof,unless specifically modified below,are to apply to <br /> this Amendment as though they were expressly rewritten, incorporated,and included herein. <br /> Amended Loan Contract: Amendment No.1 to Loan Contract No.C150375 <br /> Replacement Promissory Note: Total amount of$1,858,400,Colorado Water <br /> Conservation Board approval on September 11,2014, <br /> with no payments and zero interest for the first three <br /> years followed by 27 years of amortized payments of <br /> $89,185.54, per annum at the interest rate of 1.95%. <br /> (SEAL) Debtor: Consolidated Home Supply Ditch and Reservoir Company,a <br /> Colorado nonprofit corporation <br /> Attest: <br /> By <br /> TO Signature <br /> Name Name/ 1ø <br /> Title .- Title <br /> Date 9/14,/ Date •g// /./ <br /> Appendix B to Amendment No.1 <br /> Loan Contract C163375 <br /> Page 1 of 1 <br />
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