PROJC01858 ‎(2)‎

• Contract/PO #: C153594
• Contractor Name: Handy Ditch Company
• Contract Type: Loan
• Water District: 4
• County: Larimer
• Bill Number: HB 91-1006
• Loan Projects - Doc Type: Contract Documents

the principal amount provided by the state for the purpose of
partially funding the feasibility report for the rehabilitation
of the Handy (Welch) Darn West (No.1)) will be integrated with
the Contractor's repayment of the construction loan of the
project contract, which will be executed contemporaneously with
and immediately prior to the execution of this termination
contract.

NOW, THEREFORE it is hereby agreed that:

1. The feasibility report contract entered into between the
state and the Contractor on October 23, 1990 (attached as
Exhibit B and incorporated by reference herein), Contract
Encumbrance No. C-153586, is hereby terminated and the remaining
obligations of the state and the Contractor under the terms of
that contract are no longer enforceable.

2. The Contractor agrees to the following terms for the
repayment of the Six Thousand Dollars ($6,000), which represents
the principal amount provided by the state as partial financing
for the feasibility report under the terms of the feasibility
report contract:

a. The Six Thousand,n6,000) referred to above
will be added to thae oun~aned to the Contractor
by the state und~r~~qe~~~~ract for the
rehabilitation o~J~ HrVJ:.l1:J Darn West (No.1).

b. The total amount described in paragraph 2.a. above
and interest for the full term will be repaid under the
terms of the project contract to be entered into
between the State and the Contractor.

3. This termination of the feasibility report contract will
not be effective until such time as a valid and enforceable
project contract containing the terms of paragraph 2. above is
in effect for the rehabilitation of the Handy (Welch) Darn West
(No.1) .

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