Lake_Havasu_Contract__AZParks_.pdf

This document is a First Amendment to Contract and Consent executed on August 13, 2019, involving multiple parties: the State of Arizona (acting through the Arizona Department of Administration's State Procurement Office), Havasu Rivera Marina, LLC, and Horizon Community Bank. The amendment modifies a previous contract (Contract No. ADSPO17-143266) originally signed on August 1, 2016, which pertains to the development and operation of a marina at a Contact Point State Park (CPSP) in Lake Havasu City.

The amendment primarily addresses financing and collateral arrangements for the marina project. Havasu Rivera Marina, LLC (the Offeror) has obtained financing from Horizon Community Bank (the Lender) for constructing facilities required under the original contract. The amendment provides consent to collateral assignment, establishes notice procedures for potential defaults, requires the Offeror to submit an updated business plan within 60 days, and confirms that both parties have no knowledge of existing defaults. The document also specifies that all other terms of the original contract remain in full force and effect, with this amendment serving to clarify and supplement the existing agreement.