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C150362 Contract
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C150362 Contract
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Last modified
9/13/2016 8:25:16 AM
Creation date
2/10/2014 1:29:48 PM
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Loan Projects
Contract/PO #
CT2015-022
C150362
Contractor Name
Greeley and Loveland Irrigation 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 CT2015-022(C150362) <br /> AMENDMENT TO SECURITY AGREEMENT <br /> DEBTOR: GREELEY AND LOVELAND IRRIGATION COMPANY <br /> SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> DATE OF ORIGINAL SECURITY AGREEMENT: OCTOBER 23,2012 <br /> ORIGINAL PROMISSORY NOTE: $3,154,230 DATED AT AN INTEREST RATE OF 2.15% <br /> PER ANNUM WITH AN ANNUAL PAYMENT OF <br /> $143,757.46 FOR A PERIOD OF 30 YEARS OR UNTIL <br /> PAID IN FULL. <br /> LOAN CONTRACT NUMBER: CT2015-022, DATED FEBRUARY 5,2014. <br /> 1. The Parties have amended the ORIGINAL LOAN CONTRACT and Promissory Note to increase <br /> the loan amount, by $590,850.00, from $3,154,230.00 to $3,745,080.00 and hereby amend <br /> the 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. CT2015-022 (C150362) <br /> Amended Promissory Note: Total Loan Amount is $3,745,080.00, with an <br /> annual loan payment of $170,686.09 at an <br /> interest rate of 2.15%, for 30 years or until the <br /> loan is paid In full. <br /> DEBTOR: GREELEY AND LOVELAND IRRIGATION <br /> COMPANY <br /> (S E A L) <br /> B � <br /> Signature/Title <br /> ATTEST: <br /> Date / -9-1 -/5 <br /> By - <br /> Signature/Title <br /> zaa/s-- <br /> Appendix B <br /> Page 1 of 1 <br />
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