CT2016-1696 Contract Amend 2

• Contract/PO #: CT2016-1696
• Contract/PO #: C150261
• Contract/PO #: CT2017-1008
• Contractor Name: Pagosa Area Water and Sanitation District
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

APPENDIX C-2,AMENDMENT NO.2 TO LOAN CONTRACT CT2o15-1696(Ci5o261)
AMENDMENT TO THE SECURITY AGREEMENT
DEBTOR: PAGOSA AREA WATER&SANITATION DISTRICT,
ACTING BY AND THROUGH ITS WATER ACTIVITY
ENTERPRISE
SECURED PARTY: COLORADO WATER CONSERVATION BOARD
DATE OF ORIGINAL SECURITY AGREEMENT: JULY 21,2008,AS AMENDED ON MARCH 22,2013
PROMISSORY NOTES: ORIGINAL DATED JULY 21,2008 FOR$11,217,000.00, AMENDED
PROMISSORY NOTE TO AMENDMENT NO.1,DATED MARCH 22,
2013 FOR$9,219,363.70, AMENDED PROMISSORY NOTE TO
AMENDMENT NO.2, DECREASING AMOUNT TO
$4,290,930.32.
LOAN CONTRACT NUMBER: CT2o15-1696 (C15o261)
LOAN SECURITY: A PLEDGE OF REVENUES BACKED BY A RATE COVENANT
1. The Parties have amended the ORIGINAL LOAN CONTRACT and Promissory Note to decrease the loan
amount by $4,565,000.00 and hereby amend the original Security Agreement to document the change
of loan amount.
2. The Parties expressly agree that this Amendment is supplemental to the original Security Agreement
and all terms, conditions, and provisions thereof, unless specifically modified below, are to apply to this
Amendment as though they were expressly rewritten,incorporated, and included herein.
Amended Loan Contract: Amendment No.2 to Loan Contract No.
CT2015-1696 (C150261)
Replacement Promissory Note: Total Loan Amount is $4,290,930.32, with an annual loan
payment of $256,130.89, at an interest rate of 1.75%, for 20
\".coR ANp years or until the loan is paid in full.
(SEAL)
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Appendix C-2 to Amendment No 2
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