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C150200 Feasibility Study
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C150200 Feasibility Study
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Last modified
4/29/2011 10:35:08 AM
Creation date
7/10/2007 8:59:42 AM
Metadata
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Template:
Loan Projects
Contract/PO #
C150200
Contractor Name
Sheek Ditch Company
Contract Type
Loan
Water District
34
County
Montezuma
Loan Projects - Doc Type
Feasibility Study
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<br />I- . <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />from the Company to the Member. Each Member is entitled to one Point <br />of Delivery, and Members may have more than one Point of Delivery at <br />the Member's expense, and Members may share Delivery Point facilities <br />with other Members. <br />8.2. Existing Structures. The Delivery Points for the initial Members are <br />those locations and diversion structures existing in the Ditch at the time <br />the Company is formed. <br />8.3. Company Maintenance. The Company shall maintain, repair, and <br />improve the Ditch up to the Delivery Points. Functionally equivalent <br />measuring devices and headgates shall be installed and maintained at <br />each existing and new Delivery Point. <br />8.4. New or Relocated Delivery Points. New or relocated delivery points <br />shall be approved by the Board and the Member or applicant shall pay the <br />costs for installation. <br />Article IX. Repairs and Improvements to the Ditch. <br />9.1. Repairs. Non-emergency repairs that can be anticipated will be estimated <br />in the annual budget and submitted for the approval of the Members at the <br />annual Membership Meeting. <br />9.2. Emergency Repairs. If emergency repairs are necessary to prevent <br />damage, the Board may take such actions as necessary to prevent or <br />repair such damage. Any such actions taken are required to be ratified by <br />the Members at the earliest convenient time. Annual dues and/or Special <br />Assessments may include requirements for an emergency repair fund. <br />9.3. Major Improvements. A majority of Members may vote to pursue a <br />feasibility analysis of a proposed major improvement. If a feasibility <br />analysis is approved, a committee may be appointed, and company funds <br />and resources may be expended to address all aspects of the proposed <br />improvement, including design, construction, and financing. <br />The Committee shall present the feasibility analysis to the Members <br />at a regular or special meeting. The analysis shall address various <br />funding and cost-sharing alternatives to accomplish the proposed major <br />improvement, and the project will be further pursued on the majority vote <br />of the Members, either in person or by proxy. <br />Before the Major Improvement is constructed, sufficient funding and <br />other contributions to complete the project shall be secured. If the Major <br />Improvement is constructed, participating Members shall sign an <br />ImJ)rovement Agreement that states the nature and amount of their share <br />of the improvement costs. A Member's contribution will be determined by <br />negotiation between the Board and the Member. A Member'S share may <br />be any combination of labor, in-kind contributions, funding, or other <br />measure that works toward the completion of the project. The final <br />obligation of a Member must be agreeable to the Member and confirmed <br />by the Member's signature on the Improvement Agreement. <br />The Improvement Agreement for a Major Improvement shall set <br />forth: 1) the estimated cost of the work, including any overruns that may <br />occur, 2) the method for sharing the cost, 3) volunteer and in-kind <br />
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