CTGG12016-712 Contract Amend 1 - Laserfiche WebLink

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5.2.1.3.2. the difference in interest charges for Loan A between the restructured 1.75% and the original 3.5% during the years annual payments for Loan A were made;plus 5.2.1.3.3. interest charges at a rate of 3.5% for Loan B over the years that Loan B was held;plus 5.2.1.3.4. the $1,000,000 Grant;plus 5.2.1.3.5. interest charges at a rate of 3.5% for the Grant over the years that Loans A and B were held. 5.2.1.3.6. The lost interest calculations required by Paragraphs 5.2.1.3.2 and 5.2.1.3.3, are detailed in the attached Exhibit A which is incorporated herein by reference. The lost interest calculation required by Paragraph 5.2.1.3.5 is detailed in the attached Exhibit B which is incorporated herein by reference. 5.3. Sale of Running Iron Ranch at the twenty (20) year expiration of the Planning Period: 5.3.1. When the Planning Period expires, twenty (20) years from the date that the contract for Loan A is signed, the PAWSD in its sole discretion, after consultation with the CWCB and SJWCD, shall have the option to abandon the Project and sell the Running Iron Ranch to repay the remaining PAWSD and SJWCD debt. 5.3.2. At the end of twenty (20) years, Loan A will be paid off in full and the only remaining PAWSD debt to the CWCB will be the principal amount of Loan B, which is the approved appraised value of Running Iron Ranch. 5.3.3. If the PAWSD elects to sell Running Iron Ranch and abandon the Project, the CWCB shall be entitled to: "_ 5.3.3.1. the principal of Loan B, the appraised value of Running Iron Ranch under this Agreement ($4,565,000); plus 5.3.3.2. the total reduced interest which accrued when this debt was restructured in the amount of$2,774,638.16;plus 5.3.3.3. the $1,000,000 Grant;plus 5.3.3.4. interest charges on the Grant funds calculated at a rate of 3.5% annually for twenty (20)years, $407,221.54. Page 8 of 14