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<br />EXHIBIT B <br /> <br />C- ~.L1<'>/': "-::;0 <br />7 "0:;;' ::;~"':;; ,3/<; <br />[j,,:-j::i',('-, ' I III{.\( ;I.:-<l'\' ,,\ I '\III1.Ji'~ <br />I 34-04-00 <br />"--..---., ---.--..--- <br /> <br />[:~~ '~( .I..H' ,( ~1.?,/~,~\~I~:__ <br /> <br />$60,000 <br /> <br />~:Orm h.^r-U2A If{ ~l~~l <br /> <br />FEA5IBIL:~Y REPORT <br />COi\"[H,\(T <br /> <br />THIS CONTI(ACT, made Ihi, lS::h_da\' "I_~~_~_ax~~_.._,___ .__'.. IQH 7 h\' alld h,,\\,polI III(' <br />S(:ltt' IIr Colnr..do lor ,hl' 11'(.' alld 1lt'IH,ril o( lilt, 1 kl';11"I 1111'111 01 '1 ._Na 't:\l.~q.:l_ResOJ..lr.c_es <br />(Co10::-a60 h'ate::- Conse::-Y:E_::ion~.oa.~cU_I__________..._. .._____.~.-- <br />h<,rein:lllrr r!'inrcd 10 :1\ Iho Slale. :111<1 " --.';,l)Lf.q;l1le;(?..Jia_-:;!?I__OJ;!.Y_~lo'pmen,.t_CQ-~;;;;;::;::'- <br />Box 3 8 7 I No::-wooc I_CO 8 J,i41,________,_____.. .". __._____~ <br />hC"n:;n:slh'r n'h,'rret! III 01:<0 thc.' l'lllllral"IlH. <br /> <br />WHEREAS. ;lIl1hflri1)' l'.\i~h ill lht' Law alld FlIIlt" 11;1\'(' h('('" hlltJ,!rll'd. ;IPl'fol1ri:Jh'c1 :1I1rl IIlht'rwl'-r 11l1ldr <br />fofVi04ii...hk .Intl .1 \ufficiclll IlHl'l1l"lI111lll'h'U h;dalHT flint'ol n'm.lIl1' ;I\'a..ilahlt, for "a\"llll'lll III {'''IHI {\;lImhl'l 4008 <br />G/L ACt"UIIIII r\ltll1lll"r 528 3X . (lIIl1r~lrl j'lll'lIl11hralllT NlIl11ht'r ~,. , ..:.:. :L1~-:;'cP. ::IIc1 ----..--. <br />ABL Accoun~ Number 12830, Org. Unit 77-ii-i77, <br /> <br />\\'HER[AS, It'qllin'd aPI'11I\':II, l'k:lr:lllll' ;lIId ',"llflldlll;llllJll h;t~ ilt'('1\ mTlIllIl'll...ht'd 1'-'1111 :11111 ",,11 :!I'P'''PrI:lll' <br />~!tnci~s: ;:IIIU <br /> <br />WHEREAS, pursuant to the provisions of section 37-60-1l9, <br />Colorado Revised Statlltes, as amend~d, the State is authorized <br />to construct cer~ain water projects for the benefit of the <br />people of the State of Colorado; and <br /> <br />WHEREAS. the Farmers wat~~,l[lkJbent Company has made <br />application to the State for ~~provement of its existing <br />facility. such improvement,~\~" TfflillY, ,is hereina:::.er <br />sOmetlmes l:eferred to asIN.::re~ If9Jl..J <br /> <br />WHEREAS. the Contractor is a water development company <br />within the State of COlorado; <br /> <br />NOW THEREFORE, it is hereby agre~d that: <br /> <br />1. ~he Contractor shall have a feasibility report prepared <br />and directed to the prOblem of improving the facility of the <br />Contractor (Gurley Rese.::voir) in accordance with a p.::oposal for <br />a project feasibility report prepared by tne consulting <br />engineering firm 0: Ste:fen Robertson and Kirsten (the <br />Consultant) and approved by the State, received Februa.::y 10, <br />1987, which proposal is attached hereto as Exhibit A and made a <br />part of this cont.::act. <br /> <br />2. Fifteen (15) copies of the final report called for in <br />this contract shall be furnished to the State not later than <br />May 3D, 1987. unless such time is extended by mutual a~reemen: <br />of the partie~ hereto in writing. <br /> <br />3. As compensation for the services of the Contractor, the <br />State shall pay to the Contractor the sum of Sixty Thousand <br />Dollars ($60.000) in the manner following: <br /> <br />a. Sixty percent (60%). to wit. Thirty-Six Thousand Dollars <br />($36,000) of the total amount due in two (2) monthly <br />installments of Eighteen Thousand Dollars ($18,000) each, <br />commencing on March 1, 1987. <br /> <br />b. :'he remaining forty percent (40\.), to wit. :'wenty-Four <br />Thousand Dollars ($24,000) within forty (40) days following <br />receipt and acceptance of ~he written report .specified in <br />paragraph 2. of this contract. <br /> <br />4. :'he total cost of services to be rendered [or the <br />Contractor by the Consultant is Eighty-Five Thousand Dollars <br />($85,000) and the Contractor shall pay the sum of Twenty-Five <br />Thousand Dollars ($25,000), and in no event shall this payment <br />be the liability of the Stale of Colorado. <br /> <br />J~"'r5:HWIU 14 <br /> <br />EXHIBIT B <br />!'aCI' I Ilr_i_, pac'.... <br /> <br />2720E <br /> <br />"'1;'."111""".""" <br />