C150081 Paid in Full Documents

• Contract/PO #: C150081
• Contractor Name: City of Victor
• Contract Type: Loan
• Loan Projects - Doc Type: Repayment Information

SECURITY AGREEMENT
DEBTOR: City of Victor, acting by and through the City of
Victor, Colorado Water and Wastewater Enterprise
500 Victor Avenue
P.O. Box 86
Victor, CO 80860
FEDERAL TAX NO.: 84-6000626
COUNTY: TELLER (CODE: 43)
SECURED PARTY: State of Colorado - Colorado Water Conservation Board
1313 Sherman Street, Room 721
Denver, CO 80203
COLLATERAL: Contract Rights (Code: 030)
DEBTOR, for consideration hereby grant to SECURED PARTY a security interest in the
following property and any and all additions, accessions and substitutions thereto or
therefor, hereinafter called the COLLATERAL: Water system revenues derived from water
rates, charges and fees levied to repay the principal and interest on the amount loaned to
DEBTOR by SECURED PARTY, as described in pledge of revenues provisions in Loan
Contract No. Cl 50081 dated August 1 , 2001 ("Contract").
To secure payment of obligations evidenced by a Promissory Note, which is part of the
Contract between the above named parties herewith, payable to the SECURED PARTY as
follows: $600,000.00 payable in twenty annual installments at an interest rate of 3.75% per
annum in accordance with the Promissory Note dated August 1, 2001 or until all principal,
interest and late charges, if any, are paid in full.
DEBTOR EXPRESSLY WARRANTS AND COVENANTS:
1. That except for the security interest granted hereby, DEBTOR is, or to the extent that
this agreement states that the COLLATERAL is to be acquired after the date hereof,
will be, the owner of the COLLATERAL free from any adverse lien, security interest or
encumbrances, except as provided in the Contract, and that DEBTOR will defend the
COLLATERAL against all claims and demands of all persons at anytime claiming the
same or any interest therein by, through or under DEBTOR.
2. That the execution and delivery of this agreement by DEBTOR will not violate
any law or agreement governing DEBTOR or to which DEBTOR is a party.
Appendix 4 to Loan Contract C150081