Laserfiche WebLink
APPENDIX B,AMENDMENT NO.1 TO LOAN CONTRACT Cr2015-052 <br /> AMENDMENT TO SECURITY AGREEMENT <br /> DEBTOR: UPPER ARKANSAS WATER CONSERVANCY DISTRICT ACTING BY <br /> AND THROUGH ITS WATER ACTIVITY ENTERPRISE <br /> SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> REVISED LOAN AMOUNT: 902,642.40 <br /> TERM OF REPAYMENT: 3o YEARS OR UNTIL LOAN IS PAID IN FULL <br /> INTEREST RATE: 3.0o% <br /> LOAN CONTRACT NUMBER: CT2015-o52 <br /> 1. The Parties have amended the Original Loan Contract and Promissory Note to decrease the loan <br /> amount by $2,107,157.60, from $3,009,800.00 to $902,642.40 and hereby amend the original Security <br /> Agreement to 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 /> 4. Revised Promissory Note for this Contract reads Total Loan Amount of$902,642.40,with an annual <br /> loan payment of$46,052.15 at an interest rate of 3.00%,for 3o years or until the loan is paid in full. <br /> DEBTOR:Upper Arkansas Water <br /> Conservancy District,acting by and through <br /> 4' its Water Activity Enterprise <br /> o(,, S'E A L) <br /> EA _ ! l' <br /> ►�= Signature/Title <br /> ATTEST • Date ��1��2 it <br /> By <br /> Signature/Title <br /> Date /a? 7 <br /> Appendix B <br /> Pageiofl <br />