Laserfiche WebLink
APPENDIX B, AMENDMENT No. 1 TO LOAN CONTRACT C150341 <br /> AMENDMENT TO THE SECURITY AGREEMENT <br /> DEBTOR: PISGAH RESERVOIR AND DITCH COMPANY <br /> SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> DATE OF ORIGINAL SECURITY AGREEMENT: NOVEMBER 7,2014 <br /> ORIGINAL PROMISSORY NOTE: $162,958 DATED NOVEMBER 7, 2012, INTEREST RATE <br /> OF 1.75% PER ANNUM WITH AN ANNUAL PAYMENT OF <br /> $7,028.34 FOR A PERIOD OF 30 YEARS OR UNTIL PAID IN <br /> FULL. <br /> ORIGINAL LOAN CONTRACT: C150341, DATED DECEMBER 28, 2012,AND <br /> CONTRACT AMENDMENT No.1 <br /> 1. Pursuant to the Board's approval of a loan increase of $386,133 on November 20, 2014, the <br /> total loan amount was increased from a not to exceed amount of$162,958 to $549,091. The <br /> loan terms shall remain at 30 years at an interest rate of 1.75% 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, incorporated, <br /> and included herein. <br /> Amended Loan Contract: Amendment No.1 to Loan Contract No. C150341 <br /> Replacement Promissory Note: Total amount of$549,091, as of CWCB approval on <br /> November 20, 2014, with an annual payment <br /> amount of$23,682.16 for thirty(30)years or until the <br /> loan is paid in full at an interest rate of 1.75%. <br /> DEBTOR: Pisgah Reservoir and Ditch Company, <br /> a Colorado nonprofit corporation <br /> SEAL / , / <br /> / <br /> B <br /> Sign'tur-' itle <br /> ATTEST: <br /> Date 2-- l 3- /'5— <br /> By i' , ivL2._ <br /> Signature/Title <br /> Date -r 3-1,5- <br /> Appendix B to Amendment No.1 <br /> Loan Contract C150341 <br /> Page 1 of 1 <br />