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1 <br />State of Colorado, Colorado Water Conservation Board <br />Contract Routing Number (CLIN #): ~ `%' i~'~i4 ~'ec-6':!~ <br />Contract No. 150401 <br />Grant Amount: $180,580 <br />GRANT CONTRACT <br />THIS CONTRACT, dated this 18th day of May, 2007, by and between the State of Colorado, for the use <br />and benefit of the Department of Natural Resources, Colorado Water Conservation Board, located at 1313 <br />Sherman Street, Suite 721, Denver, Colorado 80203, (the "State"), and the Eagle Park Reservoir <br />Company, a Colorado nonprofit corporation, located at 846 Forest Road, Vail, Colorado 81657, <br />("Contractor"). <br />FACTUAL RECITALS <br />A. Authority exists in the law and funds have been budgeted, appropriated and otherwise made <br />available and a sufficient unencumbered balance thereof remains available for encumbering and <br />subsequent payment of this contract through the Colorado Financial Reporting Systems (GOERS). <br />B. Required approval, clearance and coordination have been accomplished from and with appropriate <br />agencies. <br />C. Contractor's bid was selected in accordance with Colorado law and State Procurement Rules <br />pursuant to the issuance of a grant which was awarded to Contractor by the Colorado Water <br />Conservation Board on March 13, 2007; <br />D. Authority for the agency entering into this contract arises from Colorado Revised Statutes (CRS) 39- <br />29-109(1)(a)(III), 37-75-102 and 37-74-104(2)(c) and Senate Bill 06-179 adopted by the 2006 <br />General Assembly. <br />E. The State requires the enlarging of the Eagle Park Reservoir. Contractor is ready, willing and able <br />to provide such services and goods, if applicable. <br />NOW THEREFORE, in consideration of and subject to the terms, conditions, provisions and limitations <br />contained in this contract, the State and Contractor agree as follows: <br />AGREEI~//IENT <br />1. Definitions <br />The following terms as used in this contract shall be construed and interpreted as follows, unless the <br />context otherwise expressly requires a different construction and interpretation: <br />1.1. "Compensation" means the funds payable to Contractor by the State which are related to the <br />Goods and Services set forth in the Statement of Work set forth in Exhibit A, attached hereto and <br />incorporated herein. <br />1.2. "Contract" means this contract for Services, its terms and conditions, attached exhibits, documents <br />Page 1 of 15 <br />