CT2018-1999 Contract

• Contract/PO #: CT2018-1999
• Contractor Name: Centenial Irrigating Ditch Company
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

W. "Tax Information" means federal and State of Colorado tax information including,
without limitation, federal and State tax returns, return information, and such other tax-
related information as may be protected by federal and State law and regulation. Tax
Information includes, but is not limited to all information defined as federal tax information
in Internal Revenue Service Publication 1075.
X. "Total Loan Amount" means the total of the Base Loan Amount plus the Origination fee
of one percent(1%).
Any other term used in this Contract that is defined in an Appendix shall be construed and
interpreted as defined in that Appendix.
6. LOAN ORIGINATION FEE
CWCB's Origination Fee of one percent (1%), added to the Base Loan Amount in accordance
with CWCB Policy No. 16, results in the Total Loan Amount shown on the Signature and Cover
page of this Contract.
7. AMENDMENTS AND OPTION LETTERS
In the event that the Borrower does not use the full amount authorized, the parties shall amend
this Contract or exercise an Option Letter (attached as Appendix 2) and incorporated herein, to
decrease the Total Loan Amount including an adjustment of the Origination Fee to reflect 1% of
the actual amount disbursed to the Borrower. An amendment to this Contract shall be executed
for the following changes including, but not limited to, a change in pledged revenues or property,
an increase in Total Loan Amount, and a decrease in Total Loan Amount with a change in the
annual loan payment. Additionally, upon substantial completion of the Project, the following
applies:
A. Upon substantial completion of the Project with a decrease in the Total Loan Amount
and if the Borrower requests a change in the annual loan payment; the Parties may amend
this Contract to modify the annual loan payment accordingly.
B. Upon substantial completion of the Project with a decrease in the Total Loan Amount but
no change in the annual payment, which then results in a shortened term of the loan, the
State may exercise an option and shall provide written notice to the Borrower in form
substantially equivalent to Appendix 2 to decrease the term of the loan. If exercised, the
provisions of the Option Letter and supporting documentation shall become part of and be
incorporated into this Contract for the total duration of this Contract.
8. CONTRACT AMENDMENT SERVICE FEES.
Under certain circumstances, the Borrower may be assessed a service fee for amending the
Contract.
A. A service fee may be imposed on the Borrower for amendments processed for the benefit of
the Borrower and necessary for the Borrower's course of business but not necessary for the
CWCB, including, but not limited to, a change in the Borrower's name, assignment of
contract, substitution of Pledged Revenues or Pledged Property, loan payment deferments
in excess of 3 per loan, and loan consolidation. Amendments in the course of CWCB
business will be processed at no additional charge to the Borrower.
B. The amount charged shall be in accordance with the service fee rate structure set forth in
the CWCB Loan Service Charge Policy in effect at the time the Borrower shall request an
amendment. The current service fee for an amendment is $1,000.
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Contract Number:CT2018-1999