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f. Colorado Open Records Act, CRS §24 -72 -101, et seq. <br />g. The Special Provisions in the ORIGINAL LOAN CONTRACT are replaced by the <br />Special Provisions in Section 8, below. <br />4. The BORROWER has adopted a RESOLUTION, irrepealable for the term of this loan, <br />authorizing the BORROWER to enter into this AMENDMENT to restructure the loan to <br />include interest forgiveness (up to $20,000) and amortize the current principal <br />balance of $141,065.50 with a loan term of 30 years at a zero percent interest rate <br />and include that the Town will enact a monthly facilities fee sufficient to pay the <br />annual loan payments, to pledge said system revenues for repayment of the loan, <br />and to execute documents necessary to convey a security interest in said system <br />revenues to the CWCB. Said RESOLUTION is attached as Attachment A. <br />5. Prior to the execution of this AMENDMENT by the CWCB, the BORROWER shall <br />submit to the CWCB a letter from its attorney that it is the attorney's opinion that <br />(1) the person(s) signing for the BORROWER was duly elected or appointed and has <br />authority to sign such documents on behalf of the BORROWER and to bind the <br />BORROWER; (2) the BORROWER'S governing body has validly adopted a resolution <br />approving this AMENDMENT; (3) there are no provisions in the any state or local law <br />that prevent this AMENDMENT from binding the BORROWER; and (4) this AMENDMENT <br />will be valid and binding against the BORROWER if entered into by the CWCB. <br />6. The effective date hereof is upon approval of the State Controller or their delegate. <br />7. Except for the Special Provisions, in the event of any conflict, inconsistency, <br />variance, or contradiction between the provisions of this AMENDMENT and any of <br />the provisions of the CONTRACT, the provisions of this AMENDMENT shall in all <br />respects supersede, govern and control. The most recent version of the Special <br />Provisions incorporated into the LOAN CONTRACT or any AMENDMENT shall always <br />control other provisions in the LOAN CONTRACT or any AMENDMENT. <br />REST OF PAGE INTENTIONALLY LEFT BLANK <br />Loan Contract C153347 Amendment 2 <br />Page 3 of 6 <br />