PROJC02279 ‎(2)‎

• Contract/PO #: C150222
• Contractor Name: Orchard Mesa Irrigation District
• Contract Type: Loan
• Water District: 72
• County: Mesa
• Loan Projects - Doc Type: Contract Documents

economical manner.
14. BORROWER'S Liability Insurance.
a. Because the BORROWER IS a "public entity" within the meaning of the Colorado
Governmental Immunity Act, CRS 24-10-101, et seq., as amended ("Act"), the
BORROWER shall at all times maintain such liability insurance, by commercial policy
or self-insurance as is necessary to meet its liabilities under the Act.
b. Prior to the disbursement of any loan funds, the BORROWER shall provide the CWCB
with an Acord Form 25 or other form satisfactory to the CWCB evidencing said
insurance and shall provide the CWCB with documentation of renewals of said
insurance.
15. Additional Contract Requirements. Any additional contract requirements are set
forth in Additional Contract Requirement (Section 6) of the Project Summary.
B. PROJECT PROVISIONS
1. Construction Fund Program Procedures. During the completion of the PROJECT, the
BORROWER shall adhere to the CWCB Construction Fund Program Procedures
(Section 7) of the Project Summary.
2. Eligible Expenses. The PROJECT expenses for which the BORROWER is eligible for
loan disbursements are listed in Eligible Expenses (Section 8) of the Project
Summary.
3. Loan Disbursements. The CWCB shall disburse loan funds in accordance with the
Disbursement Schedule (Section 9) of the Project Summary.
4. Time for Performance. The BORROWER recognizes that time is of the essence in the
performance of all of its obligations under this contract. Therefore, the BORROWER shall
complete the PROJECT within the time specified in Time for Performance (Section 10) of
the Project Summary.
5. Indemnification By The Construction Firm. The BORROWER shall require all
Construction Firms and their subcontractors who perform work on the Project to
indemnify the STATE and the BORROWER against all liability and loss, and against all
claims and actions based upon or arising out of damage or injury, including death, to
persons or property, caused by any acts or omissions of those parties or sustained in
connection with the performance of any contract related to the PROJECT or by
conditions created thereby, or based upon any violation of any statute, ordinance, or
regulation, and the defense of any such claims or actions.
6. Liability Insurance During Construction. During construction of the PROJECT, the
BORROWER shall require the construction firm(s) and any subcontractors to maintain the
following insurance coverage in the limits shown during the term of their contracts for
the construction of the PROJECT. The BORROWER shall provide the CWCB with an
Acord Form 27 evidencing said insurance prior to commencement of construction,
Loan Contract C150222
Page 6 of 11