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6 Interest shall accrue annually onJune 3Oonthe outstanding loan balance et <br />the variable rates based onState ofCalifornia's Local Agency Investment FundPoo|edMoney <br />Investment Account Average Annual Yield, currently at 1.934% for fiscal year 2019-2020. Loan <br />interest will be recorded as revenue to the Lender and expenditure to the Borrower. <br />7. This Agreement constitutes the full Agreement byand between the <br />parties and noother representations have been made regarding the contents ofthis Agreement. <br />This Agreement shall not be amended, modified, or altered in any respect unless such <br />amendment, modification or alteration has been reduced to writing and executed by both <br />parties. <br />8. Reporting Provisions: Each year, during the annual audit report, the Management Services <br />Administrator shall provide a report to the CRPD Board of Directors on the status of the loan. <br />UENDOR: Conejo Recreation and Park District <br />Fund Name: General Fund <br />Jim Friedl, General Manager <br />BORROWER: Conejo Recreation and Park District <br />Fund Name: PDF Zone 4 <br />Lam <br />Tom Hare, Administrator — Parks and Planning <br />