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SECTION 6— ADDITIONAL CONTRACT REQUIREMENTS <br />The CWCB loan shall have parity with all existing debt. <br />SECTION 7— CONSTRUCTION FUND PROGRAM PROCEDURES <br />A. The BORROWER shall empioy an engineer, registered in the state of <br />Colorado to prepare plans and specifications for the PRO�ECT. <br />B. Th(; BORROWER and the Engineering Consultant's Agreements and the <br />plans and specifications must be submitted to the CWCB staff for <br />verification of compliance with the #erms of this Contract when avaitable <br />prior to bidding. Any modifications to the plans and specifications must be <br />approved in writing by the CWCB staff. <br />C. For plans and specifications for all jurisdictional dams and reservoirs, as <br />defined by § 37-87-105 C.R.S., the BoRROw�R shall provide a letter of <br />approval from the State Engineer's Office prior to construction. <br />D. CWCB staff must be present at bidding and must approve the award of <br />the construction contract. <br />E. The BORROWER shall contract for the construction of the work with <br />responsible and capable Construction Firms, which said Construction <br />Firms shall be selected by the BoRROwER and found acceptable by the <br />CWCB staff. <br />F. The BoRROwER must provide a copy of the executed construction contract <br />documents consisting of the contractor's proposal, construction contract, <br />perFormance bond, payment bond, notiee of award, notice to proceed, <br />sample change order, and sample field order, as well as the advertisement <br />for bid and bid bond at bidding. After the CWCB staff ve�ifies that these <br />� documents comply with the terms of this contract, the BoRRowER may <br />issue the notice to proceed to the Construction Firms. <br />G. The BoRROwER shall conduct a pre-construction conference at which time <br />the CWCB staff shall have the opportunity to review and approve the <br />construction schedule. <br />H. If the CWCB staff determines that the PROJECT requires a resident <br />inspector during construction, the BoRROwER shall ernploy an inspector <br />who has been approved by the CWCB staff. <br />I. The BORROWER shall construct the PRO.IECT in accordance with the <br />approved plans and specifcations. <br />J. Upon completion of the PROJECT construction, the BORROWER shall <br />provide as-built drawings of the PRO�ECr to the CWCB staff, or, if required <br />by § 37-87-105, C.R.S., the BoRROwER shall provide the as-built drawings <br />to the State Engineer's Office for approval and filing. <br />K. Upon completion of the PROJEC7 construction, the BORROWER shall <br />Page 3 of 4 <br />