C150098 Paid in Full Documents

• Contract/PO #: C150098
• Contractor Name: The Lake Henry Reservoir Company
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

PROMISSORY NOTE
Date: July 27, 2005
Borrower: The Lake Henry Reservoir Company
Principal Amount: $147,701.10
Interest Rate: 4.25% per annum
Term of Repayment: 30 years
Loan Contract No.: C150098, dated November 1, 2002, amended July 27, 2005
Loan Payment: $8,802.73
Payment Initiation Date*: / ,ZO 0c
Maturity Date*: 47/ /� d
* Payment Initiation Date and Maturity Date fields are filled in after the project has been
substantially completed.
1. FOR VALUE RECEIVED, the BORROWER promises to pay the Colorado Water
Conservation Board ("CWCB"), the Principal Amount plus Interest for the Term of
Repayment, pursuant to the LOAN CONTRACT and this promissory note.
2. This Promissory Note replaces and supersedes the Promissory Note dated November
1, 2002, in the principal amount of$490,000
3. Principal and interest shall be payable in equal Loan Payments, with the first payment
due and payable one year from Payment Initiation Date, and annually thereafter. All
principal, interest, and late charges, if any, then remaining unpaid shall be due and
payable on or before the Maturity Date.
4. Payments shall be made to the Colorado Water Conservation •- d t
St. Suite 750, Denver, Colorado 80203.
5. The CWCB may impose a late charge in the amount of % 'qf The annual payment if
the CWCB does not receive the annual payment within 1'5 'catOndar lays of the die
date.
6. This Note may be prepaid in whole or in part at any time without premium or penalty.
Any partial prepayment shall not postpone the due date of any subsequent payments
or change the amount of such payments.
7. All payments received shall be applied first to late charges, if any, next to accrued
interest and then to reduce the principal amount.
8. This Note is issued pursuant to the LOAN CONTRACT between the CWCB and the
APPENDIX A to LOAN CONTACT NO. C150098 AMENDMENT NO. 1
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