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<br />SECTION 6 - COLLATERAL <br />The collateral provided for this loan, as evidenced by the executed Deed of Trust, <br />attached as Appendix 5 and incorporated herein, shall be an undivided one hundred <br />percent (100%) interest in the Windsor Reservoir NO.8 and No.8 Annex as described in <br />said Deed of Trust. The Parties acknowledge that Windsor Reservoir No. 8 is also used <br />as collateral for CWCS Loan Contract C153725 for a $2,658,500 loan. <br />SECTION 7 - ADDITIONAL CONTRACT REQUIREMENTS n A TD'. <br />No additional Board requirements. r ~.~' <br />SECTION 8 - CONSTRUCTION FUND PROGRAM PROCEDURES T <br />A. The BORROWER shall employ an engineer, registered in the~~f F6Id1;J5 pf,.;~pa. re <br />plans and specifications for the PROJECT. UL..iJil,;{ <br />B. The BORROWER'S and the Engineering Consultant's Agreements and the plans and <br />specifications must be submitted to the CWCB staff for verification of compliance with <br />the terms of this Contract when available prior to bidding. Any modifications to the plans <br />and specifications must be approved in writing by the CWCB staff. <br />C. For plans and specifications for all jurisdictional dams and reservoirs, as defined by ~ <br />37-87-105 C.R.S., the BORROWER shall provide a letter of approval from the State <br />Engineer's Office prior to construction. <br />D. CWCB staff must be present at bidding and must approve the award of the construction <br />contract. <br />E. The BORROWER shall contract for the construction of the work with responsible and <br />capable Construction Firms, which said Construction Firms shall be selected by the <br />BORROWER and found acceptable by the CWCB staff. <br />F. The BORROWER must provide a copy of the executed construction contract documents <br />consisting of the contractor's proposal, construction contract, performance bond, <br />payment bond, notice of award, notice to proceed, sample change order, and sample <br />field order, as well as the advertisement for bid and bid bond at bidding. After the <br />CWCB staff verifies that these documents comply with the terms of this contract, the <br />BORROWER may issue the notice to proceed to the Construction Firms. <br />G. The BORROWER shall conduct a pre-construction conference at which time the CWCB <br />staff shall have the opportunity to review and approve the construction schedule. <br />H. If the CWCB staff determines that the PROJECT requires a resident inspector during <br />construction, the BORROWER shall employ an inspector who has been approved by the <br />CWCB staff. <br />I. The BORROWER shall construct the PROJECT in accordance with the approved plans and <br />specifications. <br />J. Upon completion of the PROJECT construction, the BORROWER shall provide as-built <br />drawings of the PROJECT to the CWCB staff, or, if required by ~ 37-87-105, C.R.S., the <br />BORROWER shall provide the as-built drawings to the State Engineer's Office for approval <br />and filing. <br />K. Upon completion of the PROJECT construction, the BORROWER shall arrange a final <br />inspection for the CWCB staff. <br />L. The BORROWER shall pay all of the expenses related to the PROJECT when such bills are <br />due. <br /> <br />Page 2 of 3 <br />