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PROJC01858 (2)
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PROJC01858 (2)
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Last modified
11/19/2009 11:14:41 AM
Creation date
9/22/2008 11:56:46 AM
Metadata
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Template:
Loan Projects
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
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<br />(c) For any damage to property, the sum of Four <br />Hundred Thousand Dollars ($400,000) for each <br />occurrence. <br /> <br />said general liability insurance shall name the <br />Contractor and the state as co-insureds. No payments <br />shall be made to the Contractor under this contract <br />unless copies of current certificates of all such <br />insurance have been obtained by the Contractor and <br />filed with the state. Such filing of current <br />certificates shall be accomplished before the beginning <br />of construction. Notices of renewals of said policies <br />shall also be filed with the State as they occur. <br /> <br />6. Permit periodic insp onstruction by authorized <br />representatives of the Statedurl.ng and after construction. <br /> <br />main~~inW~~~O~;oj~~~n~~n~J~s~~JE,~~~i~~~r:~~'e~~~omical <br /> <br />manner, and assume all legal liability for such management, <br />operation, and maintenance. The Contractor agrees to indemnify <br />and hold the State harmless from any liability incurred by the <br />State as a result of the State's interest in the project <br />facilities and any other property identified in paragraph B.14. <br />below. The Contractor shall maintain comprehensive general <br />liability insurance covering the management, operation, and <br />maintenance of the project from the time it accepts the <br />constructed project as substantially completed until it <br />completes repayment to the State, in at least the following <br />amounts: <br /> <br /> <br />a. For any ~njury 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 single <br />occurrence, the sum of Four Hundred Thousand Dollars <br />($400,000) . <br /> <br />c. For any damage to property, the sum of Four Hundred <br />Thousand Dollars ($400,000) for each occurrence. <br /> <br />Said general liability insurance shall name the State <br />as a co-insured. A copy of a certificate of said <br />liability insurance must be filed with the State prior <br />to the start of the operation of the project system. <br />Such certificate shall be incorporated herein as part <br />of this contract. <br /> <br />8. Make the services of said project available within its <br />capacity to all qualified persons in the Contractor's service <br />area without discrimination as to race, color, religion, or <br />natural origin at reasonable charges (including assessments, <br />taxes, or fees), whether for one or more classes of service, in <br />accordance with a schedule of such charges formally adopted by <br />the Contractor through its elected officials, as may be modified <br />from time to time. The initial rate schedule must be approved <br />in writing by the State before any such charges are initially <br />assessed. Thereafter, the Contractor may, subject to the <br />approval of the state, make such modifiGations tcthe rate <br />schedule as the Contractor deems necessary to efficiently and <br />economically provide for the financial requirements of the <br />system, including repayment of the State, as long as the rate <br />schedule remains reasonable and non-discriminatory. <br /> <br />9. Pursuant to its By-Laws, adjust its operating costs and <br />service charges and levy assessments from time to time as <br />necessary, upon written notice from the state, to provide <br />sufficient funds for adequate operation and maintenance, <br />emergency repair services, obsolescence reserves, and debt <br /> <br />Page 3 of 10 pages <br />
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