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CT2015-071 Contract Amend 1
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CT2015-071 Contract Amend 1
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Last modified
12/14/2016 3:37:32 PM
Creation date
12/14/2016 3:37:24 PM
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Loan Projects
Contract/PO #
CT2015-071
C150352
Contractor Name
Boxelder Basin Regional Stormwater Authority
Contract Type
Loan
Loan Projects - Doc Type
Contract Documents
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APPENDIX B,AMENDMENT NO.1 To LOAN CONTRACT CT2o15-071(C150352) <br /> AMENDMENT TO SECURITY AGREEMENT <br /> DEBTOR: BOXELDER BASIN REGIONAL STORMWATER AUTHORITY <br /> SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> DATE OF ORIGINAL SECURrrY AGREEMENT: JUNE 17,201.4 <br /> ORIGINAL PROMISSORY NOTE: $1,010,000.00 DATED JUNE 17,2014,AT THE INTEREST <br /> RATE OF 2.75%FOR 15 YEARS OR UNTIL PAID IN FULL. <br /> LOAN CONTRACT NUMBER: CT2o15-o71(C15o352) <br /> 1. The Parties have amended the ORIGINAL LOAN CONTRACT and Promissory Note to decrease the <br /> loan amount by $174,895.47, from $1,010,000.00 to $835,104.53, and hereby amend the original <br /> Security Agreement to document the change of loan amount. <br /> 2. 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.1 TO LOAN CONTRACT No. <br /> CT2015-071 <br /> Replacement Promissory Note: Total Loan Amount is$835,Io4.53,with an annual <br /> loan payment of$68,695.01, at an interest rate of <br /> 2.75%,for 15 years or until the loan is paid in full. <br /> DEBTOR: BOXELDER BASIN REGIONAL STORMWATER <br /> AUTHORrrY <br /> (S E A L) <br /> ( --;3/1-1P(15.t7 <br /> By <br /> Sie4ature/Title <br /> ATTEST: <br /> Date .9/074(, <br /> By AUT2e1TY ae(6. <br /> c� <br /> Signatu /Title <br /> Date S/24-' <br /> Appendix B <br /> Page 1 of i <br />
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