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1 <br />2 <br />4 <br />6 <br />7 <br />s <br />9 <br />10 <br />I <br />12 <br />13 <br />14 <br />1� <br />16 <br />17 <br />1x <br />19', <br />20 <br />211 <br />22 <br />Z, <br />24 <br />25 <br />26 <br />27 <br />28 <br />PROMISSORY NOTE <br />In evidence of a recomputed loan amount of $ 2,408,845.43 as of July 15,1997 from the City of <br />Colton Electric Utility Fund to the City of Colton General Fund, reduced by the aggregate <br />principal portion of payments made as of July 15,1998 and July 15,1999 amounting to <br />$62,766.70, the City of Colton General Fund does hereby promise to repay $2,346,078.73 to <br />the City of Colton Electric Utility Fund by way of $175,000 annual payments at six percent <br />interest (6%) per annum due on July 15 of each year, maturing on July 15, 2027. <br />Sign <br />Manager <br />47 <br />Tom Clarke <br />Utility Director <br />amts "ord'agenda rew1bim.doc <br />ATTEST: <br />Teresa S.Delgad <br />Acting City Clerk <br />