C150236 Contract

• Contract/PO #: C150236
• Contractor Name: Lazy O Ranch Homeowners' Association
• Contract Type: Loan
• Water District: 38
• County: Pitkin
• Loan Projects - Doc Type: Contract Documents

approval and filing.

K. Upon completion of the PROJECT construction, the BORROWER shall arrange a final
inspection for the CWCB staff.

L. The BORROWER shall pay all of the expenses related to the PROJECT when such bills
are due.

SECTION 9 - ELIGIBLE EXPENSES. The following items are eligible for loan disbursements.

A. Preparing final designs and specifications for the PROJECT.

B. Preparing bid and construction contract documents.
C. Preparing environmental assessment or environmental impact statements, and
otherwise complying with the Federal National Environmental Policy Act.
D. Complying with all federal, state, and local regulatory requirements, including the
obtaining of all required permits.
E. Fish and wildlife mitigation measures required by federal, state, or local laws and
regulations.
F. Actual construction as called for in the design documents and in change orders
approved by the CWCB and the BORROWER.
G. Engineering services for construction management, including design and
construction management for CWCB-approved change orders.
H. Interest during completion of the PROJECT pursuant to Paragraph A.4 of the
Contract.
I. Legal services for reviewing engineering services contracts, reviewing this Contract,
reviewing construction contract documents, and for complying with all federal, state,
and local regulatory requirements.
M. PROJECT-related expenses incurred prior to the Effective Date of this contract in
accordance with the approval of this loan.

J. Payoff existing loans to Community Banks of Colorado.
10 - DISBURSEMENT SCHEDULE
For Project costs: The BORROWER shall prepare a periodic progress report which
contains a statement of the PROJECT costs expended for that period and shall
forward said statement to the CWCB. After receipt of the periodic progress report
from the BORROWER, and review and acceptance of the items therein as eligible
expenses as described below, the CWCB will pay to the BORROWER the amount set
forth in the report or such portion that has been approved by the CWCB. Such
payment shall be made within thirty (30) days from the CWCB's approval of each
progress report.
For loan payoffs: For loan disbursements to payoff existing debt described in
Section 9.J, the BORROWER shall provide the CWCB with a request that includes the
amount needed to pay in full each existing loan, the loan number and the name and
address, of the creditor, and the phone number and name of creditor contact. After
review and acceptance of the request, the CWCB will pay to the Borrower the

Appendix 1 to Loan Contract C150236
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