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C150380 Contract
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C150380 Contract
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Last modified
12/30/2015 3:00:24 PM
Creation date
12/30/2013 11:27:43 AM
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Template:
Loan Projects
Contract/PO #
CT2015-020
C150380
Contractor Name
Consolidated Home Supply Ditch and Reservoir Company
Contract Type
Loan
Water District
4
County
Larimer
Loan Projects - Doc Type
Contract Documents
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APPENDIX B, AMENDMENT No. 1 TO LOAN CONTRACT 0150380 <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 21, 2013 <br /> Original Promissory Note: $448,440 dated November 21, 2013. No payments <br /> and zero interest for the first three years followed <br /> by 27 years of amortized payments at the interest <br /> rate of 1.95% per annum <br /> Original Loan Contract: C150380, dated December 18, 2013 <br /> 1. Pursuant to the Board's approval of a loan increase of$70,700 on July 17, 2014, the total <br /> loan amount was increased from a not to exceed amount of$448,400 to $519,140. The <br /> loan terms shall remain the same: no payments and zero interest for the first three years <br /> followed by 27 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 <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, <br /> incorporated, and included herein. <br /> Amended Loan Contract: Amendment No.1 to Loan Contract No. C150380 <br /> Replacement Promissory Note: Total amount of$519,140, CWCB approval on July <br /> 17, 2014, with no payments and zero interest for the <br /> first three years followed by 27 years of amortized <br /> payments of$24,913.79 per annum at the interest <br /> rate of 1.95%. <br /> (S E A L) <br /> DEBTOR: Consolidated Home Supply Ditch and <br /> Reservoir Company, a Colorado nonprofit <br /> corporation <br /> Attest: <br /> B <br /> Y <br /> /Film Signature <br /> Name .—_ - red Name./if~ttv.4 <br /> Title Ica" r7 Title ■r_.S, <br /> Date o Date .d � <br /> Appendix B to Amendment No.1 <br /> Loan Contract C153380 <br /> Page 1 of 1 <br />
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