CT2015-008 Contract Amendment 1 - Laserfiche WebLink

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APPENDIX A,AMENDMENT NO.1 TO LOAN CONTRACT CT2015-008 AMENDMENT TO PROMISSORY NOTE Date: March 15, 2017 Borrower: Left Hand Ditch Company Total Loan Amount: $534,127.79 Interest Rate: so interest for first three years, followed by 2.30%for remaining 27 years Term of Repayment: 3o years Loan Contract No.: CT2o15-0o8 (C15037o) Loan Payment: so first three years of loan, followed by 27 annual payments of $26,176.25 Payment Initiation Date: December 1, 2013 Maturity Date: December 1, 2043 For Value Received, the BORROWER promises to pay the Colorado Water Conservation Board ("CWCB"), the Principal Amount plus Interest for the Term of Repayment, pursuant to the LOAN CONTRACT and this promissory note. 1. This Amendment to Promissory Note shall replace and supersede the Original Promissory Note attached to the Original Contract and incorporated by reference. 2. Principal and interest shall be payable in equal Loan Payments, with the first payment due and payable on the first of the month four (4) years from the Payment Initiation Date and annually thereafter. All principal, interest, and late charges, if any, then remaining unpaid shall be due and payable on or before the Maturity Date. 3. Payments shall be made to the Colorado Water Conservation Board at 1313 Sherman Street Room 718, Denver, Colorado 80203. 4. The CWCB may impose a late charge in the amount of 5% of the annual payment if the CWCB does not receive the annual payment within 15 calendar days of the due date. 5. This Note may be prepaid in whole or in part at any time without premium or penalty. Any partial prepayment shall not postpone the due date of any subsequent payments or change the amount of such payments. 6. All payments received shall be applied first to late charges, if any, next to accrued interest and then to reduce the principal amount. 7. This Note is issued pursuant to the LOAN CONTRACT between the CWCB and the BORROWER. Appendix A Page i of 2