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PROJC01856 (2)
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PROJC01856 (2)
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Last modified
11/19/2009 11:14:41 AM
Creation date
9/22/2008 11:46:54 AM
Metadata
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Template:
Loan Projects
Contract/PO #
C153406
Contractor Name
Handy Ditch Company
Contract Type
Loan
Water District
4
County
Larimer
Loan Projects - Doc Type
Contract Documents
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<br />v <br /> <br />6. Permit periodic inspection of construction by <br />authorized representatives of the State during and after <br />construction. <br /> <br />7. Without expense to the State, manage, operate, and' <br />maintain the project system continuously in an efficient and <br />economical manner, and assume all legal liability for such <br />management, operation, and maintenance. The Contractor agrees <br />to indemnify and hold the State harmless from any liability as <br />a result of the State's ownership of the project facilities <br />identified in paragraph 5 above. The Contractor shall maintain <br />general liability insurance covering the management, operation, <br />and maintenance of the project system until it has completed <br />purchase of the project system from the State in at least the <br />following amounts: <br /> <br />a. For any injury to one person in any single <br />occurrence, the sum of One Hundred Fifty Thousand <br />Dollars ($150,000). <br /> <br />b. For any injury to two or more persons in any <br />single occurrence, the sum of Four Hundred Thousand <br />Dollars ($400,000). <br /> <br />Said liability insurance shall name the State as a <br />co-insured. A copy of a certificate of said liability <br />insurance must be filed with the Colorado Water Conservation <br />Board prior to the start of the operation o.~~..,~ th..e,project <br />system. Ar~)i 7i~~ <br /> <br />, 8. Make the services of said pr~' . '~:aMU wi thin its <br />capacity to all persons in the Contra ' :s~' e. area <br />without discrimination as to race, 'color, rg.,' d+, natural <br />origin at reasonable charges including assessme'!:1xes, or <br />fees in accordance with a schedule of such charges, w'''&ther for <br />one or more classes of service, formally adopted by the <br />Contractor through its board of directors, as may be modified <br />from time to time by the Contractor. The initial rate schedule <br />must be approved by the State. Thereafter, the, Contractor may, <br />subject to the approval of the State, make such modifications <br />to the rate schedule as the Contractor deems necessary to <br />efficiently and economically provide for the financial <br />requirements of the system as long as the rate schedule remains <br />reasonable and non-discriminatory. <br /> <br />9. Adjust its operating costs and service charges from <br />time to time to provide for adequate operation and maintenance, <br />emergency repair services, obsolescence reserves, and debt <br />reserves. <br /> <br />10. Expand the system from time to time to meet reasonable <br />growth or service requirements in the area within its <br />jurisdiction. <br /> <br />11. Provide the State with such periodic reports as it may <br />require and permit periodic inspections of its operations and <br />accounts by a designated representative of the State. <br /> <br />12. Purchase from the State all of the State's right, <br />title, and interest in said project and any facilities thereof <br />at a total purchase price of Seven Hundred Fifty-Seven Thousand <br />Six Hundred and Forty Dollars ($757,640) payable in Forty (40) <br />annual installments of Eighteen Thousand Nine Hundred Forty-One <br />Dollars ($18,941) each, which first installment shall be <br />due and payable on July 1, 1985, and yearly thereafter until <br />the entire principal sum shall have been paid. Said install- <br />ment payments shall be made payable to the Colorado Water <br />Conservation Board, payable at the offices of said Board in <br />Denver, Colorado. <br /> <br />Page 3 of 7 Pages <br />
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