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APPENDIX A,AMENDMENT No.1 TO LOAN CONTRACT CT2015-071 <br /> AMENDMENT TO PROMISSORY NOTE <br /> Date: September 26, 2016 <br /> Borrower: Boxelder Basin Regional Stormwater Authority <br /> Total Loan Amount: $835,104.53 <br /> Interest Rate: 2.75%per annum <br /> Term of Repayment: 15 years <br /> Loan Contract No.: cT2o15-o71 (C150352) <br /> Loan Payment: $68,695.01 <br /> Payment Initiation Date: August 1, 2016 <br /> Maturity Date: August 1, 2031 <br /> For substantially completed projects, remove all asterisks and sentence after asterisk. <br /> FOR VALUE RECEIVED, the BORROWER promises to pay the Colorado Water Conservation <br /> Board ("CWCB"), the Principal Amount plus Interest for the Term of Repayment, pursuant <br /> to the LOAN CONTRACT and this promissory note. <br /> i. This Promissory Note replaces and supersedes the Promissory Note dated June 17, 2014, <br /> in the amount of$1,oio,000.00. <br /> 2. Principal and interest shall be payable in equal Loan Payments, with the first payment <br /> due and payable one year from Payment Initiation Date, and annually thereafter. All <br /> principal, interest, and late charges, if any, then remaining unpaid shall be due and <br /> payable on or before the Maturity Date. <br /> 3. Payments shall be made to the Colorado Water Conservation Board at 1313 Sherman <br /> Street, Room 718, Denver, Colorado 80203. <br /> 4. The CWCB may impose a late charge in the amount of 5% of the annual payment if the <br /> CWCB does not receive the annual payment within 15 calendar days of the due date. <br /> 5. This Note may be prepaid in whole or in part at any time without premium or penalty. <br /> Any partial prepayment shall not postpone the due date of any subsequent payments or <br /> change the amount of such payments. <br /> Appendix A <br /> Page 1 of 2 <br />