C150113 contract

• Contract/PO #: C150113
• Contractor Name: Lake Arrowhead Water Association
• Contract Type: Loan
• Water District: 0
• County: Weld
• Loan Projects - Doc Type: Contract Documents

use of the PROJECT facilities or any part thereof shall be taken under the exercise of
the power of eminent domain, the BORROWER shall cause the net proceeds of any
insurance claim or condemnation award to be applied to the prompt replacement,
repair and restoration of the PROJECT facilities or any portion thereof, or to repayment
of this loan. Any net proceeds remaining after such work has been completed or this
loan has been repaid, shall be retained by the BORROWER. If the net insurance
proceeds are insufficient to pay the full cost of the replacement, repair and restoration,
the BORROWER shall complete the work and pay any cost in excess of the net
proceeds. In the event BORROWER chooses to repay the loan, BORROWER shall
remain responsible for the full loan amount outstanding regardless of the amount of
such insurance proceeds or condemnation award.

9. Captions. The captions and headings contained in this contract are for convenience
and reference only and shall not be construed so as to define or limit the terms or
provisions contracted herein;

10. CWCB's Approval. This contract requires review and approval of plans,
specifications, and various other technical and legal documents. The CWCB's review
of these documents is only for the purpose of verifying BORROWER'S compliance with
this contract and shall not be construed or interpreted as a technical review or
approval of the actual design or construction of the PROJECT. Notwithstanding any
consents or approvals given to the BORROWER by the CWCB on any such documents,
BORROWER and any of its consultants, by preparing any such documents, shall be
solely responsible for the accuracy and completeness of any of said documents.

11 . Waiver. The waiver of any breach of a term of this contract shall not be construed as
a waiver of any other term, or of any subsequent breach of the same term.

12. Addresses for mailing. All notices, correspondence, or other documents required by
this contract shall be delivered or mailed to the addresses shown hi the Section 1
(BORROWER Information) of the Project Summary, for the BORROWER and to the
address below for the CWCB:

Colorado Water Conservation Board
Attn: Construction Fund Section
1313 Sherman Street, Room 721
Denver, CO 80203

SPECIAL PROVISIONS (7/03 version). State Fiscal Rule 3-1 requires the inclusion of these
Special Provisions in every STATE contract, including grants.
1. CONTROLLER"S APPROVAL. CRS 24-30-202 (1)
This contract shall not be deemed valid until it has been approved by the Controller of
the State of Colorado or such assistant as he may designate.
2. FUND AVAILABILITY. CRS 24-30-202 (5.5)
Financial obligations of the State of Colorado payable after the current fiscal year are
contingent upon funds for that purpose being appropriated, budgeted, and otherwise
made available.r3. INDEMNIFICATION.

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