PROJC01855 ‎(2)‎

• Contract/PO #: C153345
• Contractor Name: Hotchkiss, Town of
• Contract Type: Loan
• Water District: 40
• County: Delta
• Bill Number: SB 77-35
• Loan Projects - Doc Type: Contract Documents

expenses as may be necessary to cure the cause of default; and/or
(c) take possession of the system, repair, maintain, and operate
or lease it. The provisions of this contract may be enforced by
the State, at its option without regard to prior waivers by it of
previous defaults by the Contractor, through judicial proceedings
to require specific performance of this contract or by such other
proceedings in law or equity as may be deemed necessary by the
State to insure compliance with provisions of this contract and
the laws and regulations under which this contract is made.

,\

C. The State agrees that it will:

1. Make available to the Contractor for the purpose of this
contract the sum of Sixty Thousand Dollars ($60,000). Said Sixty
Thousand Dollars ($60,000) shall be made available to the
Contractor in accordance with the following terms and conditions:

a. Beginning with the monthly period commencing April
15, 1981, and for every month thereafter until said
project has been completed, the Contactor shall prepare
with the consulting engineer's help an estimate of the
funds requIred from the State for project construction
during that month an.~~a~1f\fward said estimate to
the State not less t ~l~ (15) days prior to the
beginning of such mo .

b. Upon receiPt~"".\apLbTaTI\y'~h.e State of such
monthly estimate,~ltl~~l SlitD~~lthin forty (40)
days from the receipt of such estimate, pay over to the
Contractor the amount of the monthly estimate or such
portion thereof as has been approved by the State.

2. Assist the Contractor with such technical assistance as
the State deems appropriate in planning, constructing, and oper-
ating the project and in coordinating the project with local
official comprehensive plans for sewer and water and with any
State or area plans for the area in which the project is located.

D. In its sole discretion, the State may at any time give any
consent, deferment, subordination, release, satisfaction, or ter-
mination of any or all of the Contractor's obligations under this
agreement, with or without valuable consideration, upon such
terms olnd COLdit ions as the Stolte m.1Y determine to be (d) .1dvis-
able to further the purposes of thIs contract or to protect the
State's financial interest therein, and (b) consistent with both
the statutory purposes of this contract and the limitations of
the statutory authority under which it is made.

E. Upon completion of the payment of the full purchase price to
the State in the sum of Ninety-One Thousand Eight Hundred
Thirty-Six Dollars ($91,836) as set forth in paragraph A.9. of
this contract, the State agrees to convey to the Contractor all
of the State's right, title, and interest in and to the project
by deed or other proper conveyance.

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