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<br />ATTACHMENT A <br /> <br />AMENDMENT 1 TO LOAN AGREEMENT CS120561140 <br />CITY OF CASSELBERRY <br /> <br />This amendment is executed by the FLORIDA WATER POLLUTION CONTROL FINANCING <br />CORPORATION (the "Corporation") and the CITY OF CASSELBERRY, FLORIDA, (the "Local <br />Borrower") existing as a Local Borrower agency under the laws of the State of Florida. <br /> <br />WITNESSETH: <br /> <br />WHEREAS, the Corporation and the Local Borrower entered into a Clean Water State Revolving Fund <br />Loan Agreement, Number CS 120561140, authorizing a Loan amount of $3,007,500, excluding <br />Capitalized interest; and <br /> <br />WHEREAS, the Loan Amount and Project costs need adjustment to reflect actual costs; and <br /> <br />WHEREAS, the semiannual Loan Payment amount needs revision to reflect adjustment of project costs <br />and the five semiannual Loan Payments received by the Department trom the Local Borrower; and <br /> <br />WHEREAS, revised provisions for audit and monitoring are needed; and <br /> <br />WHEREAS, revision of Section 10.07, PROJECT SCHEDULE, is necessary to establish a date for the <br />Local Borrower to submit the required annual certification. <br /> <br />NOW, THEREFORE, the parties hereto agree as follows: <br /> <br />1. The Loan amount is hereby reduced by $264,796, and the adjusted total disbursed amount for <br />this loan is $2,742,704. <br /> <br />2. The Loan Service Fee of$60,150.00 was paid in full by the City in the June 15, 2003 <br />payment. This amount represents the Service Fee established in the original Agreement. Capitalized <br />interest on the Loan Service Fee was $2,078.01 for a total service fee charge of$62,228.01. <br /> <br />3. The total amount to repay by the Local Borrower is $2,811,207.17, which consists of <br />$2,742,704.00 disbursed to the Local Borrower, $6,275.16 of accrued Capitalized interest, and <br />$62,228.01 of service fee charges. <br /> <br />4. The total amount remaining to repay which amount accounts for the Department's receipt of <br />five semiannual Loan Payments is $2,430,341.56, consisting of unpaid principal of the Loan of <br />$2,430,341.56 at a combined rate of interest and Grant Allocation Assessment of 3 .05 percent per annum <br />(the interest rate is 1.525 percent per annum, and the Grant Allocation Assessment rate is 1.525 percent <br />per annum). <br /> <br />5. The semiannual Loan Payment amount, adjusted to account for repayments received to date, <br />is hereby revised and shall be in the amount of$90,085.25. Such payments shall be received by the <br />Trustee on December 15,2005 and semiannually thereafter on June and December of each year until all <br />amounts due hereunder have been fully paid. <br /> <br />6. Subsections 2.01(10) and 2.01(11) of the Agreement are deleted and replaced by Section <br />2.04 AUDIT AND MONITORING REQUIREMENTS. <br /> <br />1 <br />