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PROJ02128
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PROJ02128
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Last modified
9/27/2011 11:07:21 AM
Creation date
7/17/2007 10:33:56 AM
Metadata
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Template:
Loan Projects
Contract/PO #
C150049
Contractor Name
Peoples Ditch Company
Contract Type
Loan
Water District
64
County
Logan
Loan Projects - Doc Type
Contract Documents
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<br />d. Complying with all federal, state, and local regulatory requirements, including the obtaining of <br />all required permits. <br />e. Fish and wildlife mitigation measures required by federal, state, or local laws and regulations. <br />f. Actual construction as called for in the design documents and in change orders approved by <br />the STATE, the BORROWER, the CONSULTANT and the CONSTRUCTION FIRM. <br />g. Engineering services for construction management, including design and construction <br />management for STATE-approved change orders. <br />h. Legal services for reviewing engineering services contracts, reviewing this contract, reviewing <br />construction contract documents, and for complying with all federal, state, and local regulatory <br />requirements. <br />7. STATE May Release Contract. In its sole discretion, the STATE may at any time give any consent, <br />deferment, subordination, release, satisfaction, or termination of any or all of the BORROWER'S <br />obligations under this contract, with valuable consideration, upon such terms and conditions as <br />the STATE may determine to be advisable to further the purposes of this contract or to protect the <br />STATE'S financial interest therein, and consistent with both the statutory purposes of this contract <br />and the limitations of the statutory authority under which it is made. <br />8. Casualty And Eminent Domain. If, at any time, during the term of this contract, (a) the <br />BORROWER'S PROJECT facilities including buildings or any portion thereof, are damaged or <br />destroyed, in whole or in part, by fire or other casualty, or (b) title to or use of the PROJECT <br />facilities or any part thereof shall be taken under the exercise of the power of eminent domain, the <br />BORROWER shall cause the net proceeds of any insurance claim or condemnation award to be <br />applied to the prompt replacement, repair and restoration of the PROJECT facilities or any portion <br />thereof, or to repayment of this loan. Any net proceeds remaining after such work has been <br />completed shall be retained by the BORROWER. If the net insurance proceeds are insufficient to <br />pay the full cost of the replacement, repair and restoration, the BORROWER shall complete the <br />work and pay any cost in excess of the net proceeds. In the event Borrower opts to repay the <br />loan, Borrower shall remain responsible for the full loan amount outstanding regardless of the <br />amount of such insurance proceeds or condemnation award. <br />9. Captions. The captions and headings contained in this contract are for convenience and <br />reference only and shall not be construed so as to define or limit the terms or provisions <br />contracted herein. <br />10. STATE'S Approval. This contract requires review and approval of plans, specifications, and <br />various other technical and legal documents. The STATE'S review of these documents is only for <br />the purpose of verifying BORROWER'S compliance with this contract and shall not be construed or <br />interpreted as a technical review or approval of the actual design or construction of the PROJECT <br />rehabilitation. Notwithstanding any consents or approvals given to the BORROWER by the STATE <br />on any such documents, BORROWER and its CONSULTANT, by preparing any such documents, <br />shall be solely responsible for the accuracy and completeness of any of said documents. <br />11. Waiver. The waiver of any breach of a term of this contract shall not be construed as a <br />waiver of any other term, or of any subsequent breach of the same term. <br />12. Addresses for mailing. All notices, correspondence, or other documents required by this <br />contract shall be delivered or mailed to the following addresses: <br />For the STATE: For the BORROWER: <br />Colorado Water Conservation Board Peoples Ditch Company <br />Attn: Construction Fund Section 23738 Road 40 <br />1313 Sherman Street, Room 721 Sterling, CO 80751 <br />Denver, CO 80203 <br />
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