WSP11447

• File Number: 8542
• Description: Conejos Division - Platoro
• State: CO
• Basin: Rio Grande
• Water Division: 3
• Date: 12/2/1987
• Title: Agenda Item 11 - December 10-11 1987 - Board Meeting -- Purchase of Platoro Reservoir
• Water Supply Pro - Doc Type: Board Memo

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(a) For the state

Mr. J. william McDonald, Director
colorado Water conservation Board
721 state Centennial Building
1313 Sherman street
Denver, colorado 80203
Attn: Nick Ioannides

(b) For the Borrower

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conejos Water Conservancy
District
P.O. Box 40
Manassa, Colorado 81141
Attn: Kelly sowards,
President, Board of
Directors

SPECIAL PROVISIONS

CONTROLLER'S APPROVAL

1. This contract shall not be deemed valid until it shall
have been approved by the controller of the State of Colorado or
such assistant as he may designate. This provision is applicable
to any contract involving the payment of money by the state.

FUND AVAILABILITY

2. Financial obligations of the state payable after the
current fiscal year are contingent upon funds for that purpose
being appropriated, budgeted and otherwise made available.

BOND REQUIREMENT

3. If, this contract involves the payment of more than
fifty thousand dollars for the construction, erection, repair,
maintenance or improvement of any building, road, bridge,
viaduct, tunnel, excavation or other public works for this state,
the contractor shall, before entering the performance of any such
work included in this contract, duly execute and deliver to and
file with the official whose signature appears below for the
state, a good and sufficient bond or other acceptable surety to
be approved by said official in a penal sum not less than one-
half of the total amount payable by the terms of this contract.
Such bond shall be duly executed by a qualified corporate surety,
conditioned for the due and faithful performance of the contract,
and in addition, shall provide that if the contractor or his
subcontractors fail to duly pay for any labor, materials, team
hire, sustenance, provisions, provendor or other supplies used or
consumed by such contractor or his subcontractor in performance
of the work contracted to be done, the surety will pay the same
in an amount not exceeding the sum specified in the bond,
together with interest at the rate of eight percent per annum.
Unless such bond, when so required, is executed, delivered and
filed, no claim in favor of the contractor arising under this
contract shall be audited, allowed or paid. A certified or
cashier's check or a bank money order payable to the Treasurer of
the State of Colorado may be accepted in lieu of a bond. This
provision is in compliance with ~38-26-106, C.R.S., as amended.

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