THE AGENCY AND THE CITY ENTERED INTO A LOAN AGREEMENT DATED OCTOBER 9, 2009 (THE ORIGINAL LOAN AGREEMENT,”) WHICH AMENDED AND RESTATED CERTAIN EXISTING LOANS AND COMPILED THE PROVISIONS INTO THE FORM OF A LOAN AGREEMENT.

THE CITY AND THE AGENCY ENTERED INTO A FIRST MODIFICATION TO THE ORIGINAL LOAN AGREEMENT ON APRIL 27, 2011, WHICH AMENDED THE TERMS OF THE ORIGINAL LOAN AGREEMENT (THE ORIGINAL LOAN AGREEMENT AND THE FIRST MODIFICATION TO THE LOAN AGREEMENT WHICH WILL BE COLLECTIVELY REFERRED TO AS THE “LOAN AGREEMENT.”)

THE CITY AND THE CRA ENTERED INTO A SECOND MODIFICATION TO THE ORIGINAL LOAN AGREEMENT ON FEBRUARY 24, 2016, WHICH AMENDED THE TERMS OF THE AGREEMENT (THE ORIGINAL LOAN AGREEMENT, THE FIRST MODIFICATION TO THE LOAN AGREEMENT AND THE SECOND MODIFICATION TO THE LOAN AGREEMENT WILL BE COLLECTIVELY REFERRED TO AS THE “LOAN AGREEMENT.”)

THE CITY AND THE CRA HAVE AGREED TO MODIFY THE LOAN AGREEMENT AND ARE DESIROUS OF ENTERING INTO A THIRD AMENDMENT TO THE LOAN AGREEMENT TO CHANGE THE DATE OF THE PREVIOUSLY AGREED TO REPAYMENT SCHEDULE TO BEGIN PAYMENTS IN THE 2020/2021 AGENCY BUDGET YEAR.