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<br />FEASIBILITY REPORT
<br />CONTI{,\CT
<br />
<br />THIS CONTHACT. madc Ihi, 15th._day of__FebrJ:!9.-.!Y_,__________._..__.__.19R 7 . IIv altd helwcclt Ih,'
<br />Statl' Itf Colorado for Ihl' u'c alld heltl'fil of lill' Ikparllllt'1l1 of .. Natural, Resources
<br />(Colorado Wa ter Conser~_9-.t.:i,9JL.~_9i:l.XS1LL~=.=---'" ---- -, ,- -..- .uu.______._.
<br />her~"aftcr3r8f7nedNlo as Ihc dSlal," altd "--.tb_~_f_q~l}1~L~_.J'@j&~~__[i~y.e.TQ:pln:~ni~~:C9~zijp~jlY~_:_:::=
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<br />h('Tl'illafll'r referred to as thl' rontral'tor. ---------.-.----..-.-..-.-.--.-.--...-----.------
<br />
<br />. WHEHEAS. allthorily oi,ls ilt lh,' Law alld Fultds havc he"lt hltdgcll'd. app"'prial,'d alld l)lhl'.'\\'i\f mado
<br />aya,lahk altd a sufficicltl '""'Ilc"ml",rt'd hal:II"'" Iher,'of n'mailt\ :.vailahIE rllr pa)'ItH'1l1 ill I'1",d Nllmhl'1 __4..QQ_~_....
<br />G/L ACCOllltf I\'lImhl'r 52 8}~. ('oltlrarl' I'''''lllllh..allrl' Nllmher', . , .'..J...,:!~;, '11ld
<br />ABL Account Number 12830, Org. Unitn'--::=r=!'::'f?7,
<br />
<br />.WHEREAS. requifl'u apllIo\';t!. r1L'ar;lIll'l' alld ...oordil1alilll1 ha~ hn'" ;u:l'ol11plislwd frolll al1d willi <Il'pf'lIpri;Ile
<br />agrf)CIC's: and
<br />
<br />WHEREAS, pursuant to the provisions of section 37-60-1l9,
<br />Colorado Revised Statutes, as amended, the State is authorized
<br />to construct certain water projects for the benefit of the
<br />people of the State of Colorado; and
<br />
<br />WHEREAS. the Farmers Water Development Company has made
<br />application to the State for the improvement of its existing
<br />facil~ty, such improvement of tft. ISt,'T . ft~ is hereinafter
<br />sometlmes referred to as the pr~
<br />
<br />, ~HEREAS, the Contractor i,S a..". w~"t,' 1r 4'yelrpment company
<br />wltlnn the State of cOloradoI.N ~ UL.Jl.J
<br />
<br />NOW THEREFORE, it is hereby agreed that:
<br />
<br />1. The Contractor shall have a feasibility report prepared
<br />and directed to the problem of improving the facility of the
<br />Contractor (Gurley Reservoir) in accordance with a proposal for
<br />a project feasibility report prepared by the consulting
<br />engineering firm of Steffen Robertson and Kirsten (the
<br />Consultant) and approved by the State, received February 10,
<br />1987, which proposal is attached hereto as Exhibit A and made a
<br />part of this contract.
<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 30, 1987, unless such time is extended by mutual agreement
<br />of the parties 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. The remaining forty percent (40%). to wit. Twenty-F'our
<br />Thousand Dollars ($24,000) within forty (40) days following
<br />receipt and acceptance of the written report specified in
<br />paragraph 2. of this contract,
<br />
<br />4. The 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 o[ Twenty-Five
<br />Thousand Dollars ($25,000), and in no event shall this payment
<br />be the liability of the State of Colorado.
<br />
<br />2'120E
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