Laserfiche WebLink
APPENDIX B,AMENDMENT NO.1 TO LOAN CONTRACT CT2015-070 <br /> AMENDMENT TO SECURITY AGREEMENT <br /> DEBTOR: Boxelder Basin Regional Stormwater Authority <br /> SECURED PARTY: Colorado Water Conservation Board <br /> REVISED LOAN AMOUNT: $7,171,000.00 <br /> TERM OF REPAYMENT: 15 years at the interest rate of 2.75%.The first payment will <br /> be interest only in the amount of$197,202.50,with annual <br /> payments of$624,053.17 over the remaining 14 years of the <br /> original 15 year loan. <br /> LOAN CONTRACT NUMBER: CT2o15-070(C15o353) <br /> 1. The Parties hereby agree to amend the Original Security Agreement,attached to the Original Contact <br /> as Appendix 4, to modify the repayment provisions of the loan contract in include the 2017 interest <br /> only payment of$197,202.50 and thereafter principal and interest shall be payable in the annual loan <br /> payment of$624,o73.17. <br /> 2. The Parties expressly agree that this Amendment to Security Agreement is supplemental to the <br /> Security Agreement and all terms, conditions, and provisions thereof, unless specifically modified <br /> below, are to apply to this Amendment to Security Agreement as though they were expressly <br /> rewritten,incorporated,and included herein. <br /> 3. Collateral for the loan remains the same. <br /> DEBTOR: BOXELDER BASIN REGIONAL STORMWATER <br /> AUTHORITY <br /> (SEAL) <br /> By <br /> �' � �--- 12(v-5i <br /> � <br /> (V Signature/Title <br /> A'n'EST: <br /> ByA '\ , /Cer-'cr;6(.1Date COIoZ(4l ILV,llSiggnature tle <br /> Date (#102-6/17 <br /> Appendix B <br /> Page i of i <br />