Laserfiche WebLink
APPENDIX B,AMENDMENT NO.1 TO LOAN CONTRACT CT2015-039 <br /> AMENDMENT TO SECURITY AGREEMENT <br /> DEBTOR: BIG ELK MEADOWS ASSOCIATION <br /> SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> REVISED LOAN AMOUNT: 2,020,000.00 <br /> TERM OF REPAYMENT: NO PAYMENTS FOR FIRST SIX YEARS FOLLOWED BY 3,3 YEARS OF <br /> AMORTIZED PAYMENTS OR UNTIL LOAN IS PAID IN FULL <br /> INTEREST RATE: ZERO INTEREST FOR FIRST SIX YEARS, FOLLOWED BY 2.75% <br /> FOR REMAINING 30 YEARS <br /> LOAN CONTRACT NUMBER: CT2015-039 <br /> 1. The Parties have amended the Original Loan Contract and Promissory Note to increase the loan <br /> amount by $1,515,000.00, to $2,020,000.00 and hereby amend the original Security Agreement to <br /> document the change of loan amount. <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: Big Elk Meadows Association <br /> (SEAL) <br /> By �,, l i, V(mak a.n\' i.111G lop, <br /> Sig ature/Title <br /> ATTEST: <br /> C XU) c S tGtth^� Date(p <br /> By y ply�/ <br /> Signature/Title DeMHlk WA <br /> Date 06' "3a - Ii <br /> Appendix B <br /> Page i of i <br />