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CT2015-045 Amend 1
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CT2015-045 Amend 1
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Last modified
2/19/2016 1:46:47 PM
Creation date
2/19/2016 1:46:41 PM
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Loan Projects
Contract/PO #
CT2015-045
C150325
Contractor Name
Crystal Lakes Water and Sewer Association
Contract Type
Loan
County
Larimer
Loan Projects - Doc Type
Contract Documents
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APPENDIX B,AMENDMENT No. 11 TO LOAN CONTRACT CT2O15-045(C150325) <br /> AMENDMENT TO SECURITY AGREEMENT <br /> DEBTOR: CRYSTAL LAKES WATER AND SEWER ASSOCIATION, A <br /> COLORADO NONPROFIT CORPORATION <br /> SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> DATE OF ORIGINAL SECURITY AGREEMENT: JANUARY 21,2012 <br /> ORIGINAL PROMISSORY NOTE: $2,363,400.00 DATED JANUARY 21, 2012 AT AN <br /> INTEREST RATE OF 4.00%PER ANNUM WITH AN ANNUAL <br /> PAYMENT OF $136,675.66 FOR A PERIOD OF 30 YEARS <br /> OR UNTIL PAID IN FULL. <br /> LOAN CONTRACT NUMBER: CT2015-045(C150325) <br /> 1. The Parties have amended the ORIGINAL LOAN CONTRACT and PROMISSORY NOTE to decrease <br /> the loan amount from $2,363,400.00 to$2,016,459.59 and hereby amend the original Security <br /> 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 No. <br /> CT2015-045(C150325) <br /> Amended Promissory Note: Total Loan Amount is $2,016,459.59, with an <br /> annual loan payment of $116,612.06, at an <br /> interest rate of 4.00%, for 30 years or until the <br /> loan is paid in full. <br /> DEBTOR:CRYSTAL LAKES WATER AND SEWER <br /> ASSOCIATION,A COLORADO NONPROFIT CORPORATION <br /> (SEAL) � � / <br /> By ► �.� 2�j--�— <br /> i• ;,ure/Title ��{C(., pe,,:j (i)54 <br /> ATT;T: <br /> / Date ( ., <br /> By 4 i'l(// <br /> Signature/Title ,y L__,.:,„.:.:,//y/ <br /> Date i <br /> Appendix B <br /> Page 1 of 1 <br />
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