Laserfiche WebLink
APPENDIX B-1,AMENDMENT NO.2 TO LOAN CONTRACT CT2015-o6o <br /> AMENDMENT TO PROMISSORY NOTE <br /> Date: June 22, 2017 <br /> Borrower: Well Augmentation Subdistrict of the Central Colorado Water <br /> Conservancy District <br /> Total Loan Amount: $i,651,904.79 <br /> Interest Rate: 1.75% <br /> Term of Repayment: 30 years <br /> Loan Contract No.: CT2015-o6o (C150337) <br /> Loan Payment: $71,246.25 <br /> Payment Initiation Date: June 1.2017 <br /> Maturity Date: June 1. 204� <br /> For Value Received, the BORROWER promises to pay the Colorado Water Conservation Board <br /> ("CWCB"), the Principal Amount plus Interest for the Term of Repayment, pursuant to the LOAN <br /> CONTRACT and this promissory note. <br /> i. This Amendment to Promissory Note shall replace and supersede the Original Promissory <br /> Note attached to the Original Contract and incorporated by reference. <br /> 2. Principal and interest shall be payable in equal Loan Payments, with the first payment due and <br /> payable one year from Payment Initiation Date, and annually thereafter. All principal, interest, <br /> and late charges, if any, then remaining unpaid shall be due and payable on or before the <br /> Maturity Date. <br /> 3. Payments shall be made to the Colorado Water Conservation Board at 1313 Sherman Street <br /> 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 CWCB <br /> 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. Any <br /> partial prepayment shall not postpone the due date of any subsequent payments or change the <br /> amount of such payments. <br /> 6. All payments received shall be applied first to late charges, if any, next to accrued interest and <br /> then to reduce the principal amount. <br /> 7. This Note is issued pursuant to the LOAN CONTRACT between the CWCB and the BORROWER. <br /> The LOAN CONTRACT creates security interests in favor of the CWCB to secure the prompt <br /> payment of all amounts that may become due hereunder. Said security interests are evidenced <br /> by a Security Agreement ("Security Instruments") of even date and amount and cover certain <br /> Appendix B-i <br /> Page i of 2 <br />