HomeMy WebLinkAbout1046 - WA State Dept of Commerce - Agreement Amended - PWTF PW-04-691-045 Amendment 11. Contractor
Marysville, City of
1049 State Ave
Marysville , WA 98270
AMENDMENT FACE SHEET
Loan Number: PW-04-691-045
Amendment Number: A
Washington State Department of Commerce
PUBLIC WORKS BOARD
Loan Contract
2. Contractor Doing Business As (optional)
N/A
3. Contractor Representative (only if 4. Public Works Board Representative (only if updated)
updated)
N/A N/A
5. Original Contract Amount 6. Amendment Amount 7. New Contract Amount
$10,000,000.00 N/A N/A
8. Amendment Funding Source 9. Amendment Start. Date 10. Contract End Date
Federal : D State: 0 Other: D N/A: D October 151
h, 2014 June 1, 2024
11 . Federal Funds (as applicable): Federal Agency: CFDA Number:
N/A N/A N/A
12. Amendment Purpose:
The purpose of this amendment is to formally alter the day and month in which loan payments are due from July 1 to
June 1.
The Board , defined as the Washington State Public Works Board , and Borrower/C ontractor acknowledge and accept
the terms of this Agreement/Co ntract As Amended and attachments and have executed this Contract on the date below
to start as of the date shown above. The rights and ob li gations of both parties to this Agreement/Contract As Amended
are governed by this Agreement/Co ntract Amendment and the fo ll owing other documents incorporated by reference:
Amendment Terms and Cond itions inc lud ing all attachments. A copy of this Agreement/Contract Amendment shall be
attached to and made a part of the original Agreement/Contract between the Board and the Borrower/Contractor. Any
re ference in the original Contract to "Agreement" or "Contract" shall mean the "Agreement As Amended" or "Contra ct
As Amended ," respectively.
FOR THE BORROZ CONTRACTOR
f~ / 72k_-
Signature /~~
Print Name
Title
M~\,(R
Date
\O l1 ~}ll 'l
I
Marysville , C ity of
PW-04-691-045
7 A/dnb
FOR PUBLIC WORKS BOARD
~#V .>L--L(j /--:_
Stan Finkelstein, Public Works Boa rd Cha ir
(() cY . 2-'f', Z,0/'-1
Date
APPROVED AS TO FORM ONLY
This 1 s•h Day of July, 2013
Bob Ferguson
Attorney General
Sig nature on File
Kathryn Wyatt
Assistant Attorney General
Loan End Date Amendment
A ll PWTF Programs
AMENDMENT TERMS AND CONDITIONS
Contractor/Borrower:
Contract Number:
Amendment Number:
Washington State Department of Commerce
PUBLIC WORKS BOARD
Marysville, City of
PW-04-691-045
A
Loan Contract
The Public Works Board (or its successors), a department of the State of Washington, (hereafter referred to as
the "Board") and the Contractor, listed on the Face Sheet, agree to amend the above listed contract by revising all
clauses contained therein that reference (in whole or in part) the annual Loan Repayment month and Loan End
Date month.
The Loan Repayment and Loan End Date months shall be revised to read "June 1" instead of"July 1" as the
month and day in which all loan repayments are to be made. The final payment shall be on or before June 1,
2024, of an amount sufficient to bring the Joan balance to zero.
Marysville, City of
PW-04-691-045
Page4 Loan End Date Amendment
All PWTF Programs
Amortization Schedule for Contract Num: PW-04-691-045
Contractorl'j~111e:····.Marys~me City Of
Project N.amey WWf:P Upgrade
Loan Information: Loan#
Loan Amount: $10,000,000.00
Interest Rate/Type: 0.5000 % (Simple)
Amortized Loan Fee: 0.0000 °/o
Payment Frequency: Annual -360 Days
Periods Principal Deferred: 1
Draw Based Loan: Yes
2 7/1/2006 $526,315.80
3 7/1/2007 $526,315.80
4' 7/1/2008 $526,315.77
5 7/1/2009 $526.315.79
6: 7/1/2010 $526,315. 79
7 7/1/2011 $526.315. 79
8 7/1/2012 $526,315.79
9 7/1/2013 $526,315.79
10 7/1/2014 $526,315.79
11 6/1/2015 $526.315.79
12, 6/1/2016' $526,315.79
13 6/1/2017 $526,315.79
6/1/2018 $526.315.79
15 6/1/2019 $526.315. 79
16 6/1/2020 $526,315.79
17 6/1/2021 $526,315.79
18: 6/1/2022 $526.315.79
19 6/1/2023 $526,315.79.
20 6/1/2024 $526.315.78
$49,305.56
$47.368.43.
$44.736.84
$42.105.26
$39,473.68
$36,842.11
$34.210.53
$31.578.95,
$28.947.37
$24.122.81
$23,684.21
$21.052.63
$18,421.05
$15,789.47
$13,157.89
si6.s2s:i2
$7,894.74
$5,263.16:
$2,631.58
'" ''''
Loan Type: Amortizing Loan
Loan Term: 20 Years
Amortization Term: 19 Years
Paid Off:
Loan Source: PWTF
Terminated Date:
Loan Start Date: 5/13/2004
Accrual Start Date:
First Payment Date: 6/1/2005
Last Payment Date: 6/1/2024
Distressed Community: N/A
Subordination Allowed: N/A
Amortization Schedule
06/27/2005
$49.305.56 $575,621.36 $9,473,684.20 05/30/2006 82954 06/12/2006
$47,368.43 $573.684.23 $8.94 7 ,368.40 05/30/2007' 82955 06/18/2007'
$44,736.84 $571.052.61 '' $8,421,052.63 06/30/2008 82956 07/08/2008
$42,105.26 $568,421.05 $7.894,736.84 06/30/2009 82957 06/30/2009
$39,473.68 $565.789.47 $7,368,421.05 07/01/2010 82958 07/01/2010
$36,842.11 $563, 157 .90 $6.842, 105.26 05/03/2011 82973 05/24/2011
$34,210.53 $560.526.32 $6.315, 789.47 06/04/2012 82974 07/02/2012
$31,578.95 $557.894.74 $5.789,473.68 06/03/2013' 82975 06/25/2013
$28,947.37 $555,263.16 '$5.263,157.89 05/29/2014 82976 06/30/2014
$24,122.81 $550,438.60 $4,736,842.10
$23,684.21 $550,000.00 $4.210,526.31
$21,052.63 $547.368.42 $3,684,210.52
$18,421.05 $544, 736.84 $3, 157,894.73
$15,789.47 $542, 105.26 $2.631,578.94
$13,157.89 $539,473.68 $2,105,263.15
$10,526.32 $536,842. 11 $1,578,947.36
$7,894.74 $534,210.53 $1,052,631.57
$5,263.16 $531,578.95 $526,315.78
$2,631.58 $528,947.36: $0.00
10/30/2014 3:55:02 PM Contract Num: PW-04-691-045 Loan# 1
$45,979.17
$575,621.36
$573,684.23
$571,052.61
$568,421.05
$565.789.47
$563, 157.90
$560,526.32
$557,894.74
$555,263.16
CTED\GarrieC Page: 1 of 2
Totals: $10,000,000.00 $543,091.76 $543,091.76 $10,543,091.76 $5, 137,390.01
10/30/2014 3:55:02 PM Contract Num: PW-04-691-045 Loan# 1 CTED\carrieC Page: 2 of 2