Laserfiche WebLink
• Upon substantial completion of the Project with a resulting decrease in the total Loan Amount,but not a <br /> change in the annual payment,the State may exercise an option and shall provide written notice to the <br /> Borrower in form substantially equivalent to Appendix C.If exercised,the provisions of the Option Letter <br /> and supporting documentation shall become part of and be incorporated into this Contract for the total <br /> duration of this Contract. <br /> 6. RESOLUTION <br /> The Borrower has adopted a resolution,irrepealable for the term of this loan,authorizing the Borrower to enter into <br /> this contract amendment to borrow the additional loan amount,to establish and collect assessments sufficient to pay <br /> the annual loan payments,to pledge said assessments for repayment of the loan,and to execute documents necessary <br /> to convey a security interest in said assessments and collateral,if necessary,to the CWCB.Said resolution is <br /> attached as Appendix E. <br /> 7. ATTORNEY OPINION LETTER <br /> Prior to the execution of this Amendment by the CWCB,the Borrower shall submit to the CWCB a letter from its <br /> attorney stating that it is the attorney's opinion that(1)the person(s)signing for the Borrower was duly elected or <br /> appointed and has authority to sign such documents on behalf of the Borrower and to bind the Borrower,(2)the <br /> Borrower's governing body has validly adopted a resolution approving this Amendment; (3)there are no provisions <br /> in the any state or local law that prevent this Amendment from binding the Borrower,and(4)this Amendment will <br /> be valid and binding against the Borrower if entered into by the CWCB. <br /> 8. LIMITS OF EFFECT AND ORDER OF PRECEDENCE <br /> This Amendment is incorporated by reference into the Contract,and the Contract and all prior amendments or other <br /> modifications to the Contract, if any, remain in full force and effect except as specifically modified in this <br /> Amendment. Except for the Special Provisions contained in the Contract,in the event of any conflict,inconsistency, <br /> variance, or contradiction between the provisions of this Amendment and any of the provisions of the Contract or <br /> any prior modification to the Contract,the provisions of this Amendment shall in all respects supersede,govern,and <br /> control. The provisions of this Amendment shall only supersede, govern,and control over the Special Provisions <br /> contained in the Contract to the extent that this Amendment specifically modifies those Special Provisions. <br /> [THIS REST OF THIS PAGE INTENTIONALLY LEFT BLANK] <br /> Page 3 of 3 Amendment CMS No. 101518 <br />