CT2017-3213 Amendment No. 1 - Laserfiche WebLink

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Appendix A,Amendment No. l to Loan Contract CT2017-3213 Amendment to Promissory Note Date: February 11,2019 Borrower: St. Vrain and Left Hand Water Conservancy District, acting by and through the water activity enterprise Total Loan Amount: $864,560.00 Interest Rate: 2.85%per annum Term of Repayment: 30 years or until loan is paid in full Loan Contract No.: CT2017-3213 Annual Loan Payment: $43,258.27 Payment Initiation Date: (to be filled in at Substantial Completion of Project) Maturity Date: (to be filled in at Substantial Completion of Project) For Value Received,the Borrower promises to pay the Colorado Water Conservation oard("CWCB"),the Principal Amount plus Interest for the Term of Repayment, pursuant to the Contract and this promissory note. 1. This Amendment to Promissory Note shall replace and supersede the Original Promissory Note, attached as Appendix 3 to the Original Loan Contract and incorporated by reference. 2. Principal and interest shall be payable in annual equal payments as set forth in"Annual Loan Payment" above, with the first payment due and payable one year from the Payment Initiation Date(the date the CWCB determines that the Project is substantially complete), 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. 3. Payments shall be made to the Colorado Water Conservation Board at 1313 Sherman Street Room 718, Denver,Colorado 80203. 4. The CWCB may impose a late charge in the amount of 5% of the annual paym nt if the CWCB does not receive the annual payment within sixty(60)calendar days of the due date. 5. This Note may be prepaid in whole or in part at any time without premium o penalty. Any partial prepayment shall not postpone the due date of any subsequent payments or chan a the amount of such payments. 6. All payments received shall be applied first to late charges, if any, next to accrued interest and then to reduce the principal amount. 7. This Note is issued pursuant to the Loan Contract between the CWCB and the Borrower. The Loan Contract creates security interests in favor of the CWCB to secure the prompt payment of all amounts that may become due hereunder. Said security interests are evidenced by a Security Agreement and Deed of Trust ("Security Instruments") of even date and amount and cover certain revenues, real property, water rights and/or accounts of the Borrower. The Loan Contract and Security Instruments grant additional rights to the CWCB,including the right to accelerate the maturity of this Note in certain Appendix A Page 1 of 2 Contract Number CT2017-3213