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CT2016-1007 Amend 1
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CT2016-1007 Amend 1
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Last modified
7/6/2016 10:51:46 AM
Creation date
7/6/2016 10:51:43 AM
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Template:
Loan Projects
Contract/PO #
CT2016-1007
Contractor Name
Las Animas Consolidated Canal Company
Contract Type
Loan
County
Bent
Loan Projects - Doc Type
Contract Documents
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APPENDIX B,AMENDMENT NO.i TO LOAN CONTRACT CTz016-1007 <br /> AMENDMENT TO SECURITY AGREEMENT <br /> DEBTOR: LAS ANIMAS CONSOLIDATED CANAL COMPANY <br /> SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> DATE OF ORIGINAL SECURITY AGREEMENT: JUNE 26,2015 <br /> ORIGINAL PROMISSORY Nom: $363,782.00,DATED JUNE 26,2015 AT THE INTEREST RATE <br /> OF 5.05%FOR 30 YEARS OR UNTIL PAID IN FULL. <br /> Loan Contract Number: Cr2o16-1oo7,dated July 29,2015. <br /> 1. The Parties have amended the ORIGINAL LOAN CONTRACT and Promissory Note to decrease the <br /> loan amount by $268,727.73, from $363,782.00 to $95,054.27, and hereby amend the original <br /> Security Agreement to document the change of loan amount. <br /> z. The Parties expressly agree that this Amendment is supplemental to the Security Agreement and <br /> 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.i TO LOAN CONTRACT No. <br /> CT2o16-1007 <br /> Replacement Promissory Note: Total Loan Amount is $95,054.27,with an annual <br /> loan payment of$4,244.17, at an interest rate of <br /> 2.00%,for 3o years or until the loan is paid in full. <br /> DEBTOR:LAS ANIMAS CONSOLIDATED CANAL <br /> COMPANY <br /> (SEAL) <br /> ByC'r J. <br /> Signatur-/Title <br /> A ITE,ST: <br /> Date qic/iBy 1 W, 1 <br /> ignature/Title <br /> Szcr-t 4-w y 1feccu tror- <br /> Date 6(1C1/(0 <br /> Appendix B <br /> Page 1 of 1 <br />
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