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UCRIP Cost Share Contract w/ CRWCD
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UCRIP Cost Share Contract w/ CRWCD
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Last modified
4/16/2016 12:31:57 AM
Creation date
2/26/2009 5:01:50 PM
Metadata
Fields
Template:
Instream Flow Acquisitions
Case Number
02CW0106
Stream Name
Yampa River
Watershed
Yampa
Water Division
6
County
Routt
Instream Flow Acq - Doc Type
Contracts,MOA/MOU,Leases,Agreements
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1 ~ ~ c ~~ ~e <br />.~ L <br />Denver. Proposed project funding consists of a Colorado Water Conservation Board loan- in the <br />amount of $11,000,000 and the remainder from the Recovery Program. <br />SECTION 3 - TfME FOR PERFORMANCE <br />Project Beginning: Upon effective date of this contract <br />Project Finish: On or before September 30, 2007 <br />SECTION 4 - D{SBURSEMENT SCHEDULE <br />The STATE shall disburse up to $4,294,000 in funds to the CONTRACTOR to pay for the costs <br />associated with the PROJECT in the following manner: <br />a. The STATE will contribute -funds authorized by HJR 02-1038 for the RECOVERY PROGRAM - <br />in the amount of $.1,400,000, HJR 03-1012 in the amount of $1,405,000 and SJR 04-039 in <br />the amount of $1,489,000, for a total of $4,294,000 towards initial PROJECT construction. <br />As the Colorado General Assembly authorizes additional expenditures -from the Speaes <br />Conservation Trust Fund, the parties will amend this contract to provide those additional <br />portions of the STATE's cost share funds, not to exceed $6,453,000. <br />b. Statement of costs. During the permitting and construction of the PROJECT, the <br />CONTRACTOR sha(i prepare statements of the costs of the PROJECT and submit said <br />statements to the- STATE for payment. Each statement shall indicate the tasks that have <br />been~performed and the costs incurred. The STATE acknowledges that the CONTRACTOR will - <br />add a ten percent (10%) management fee to the cost of construction of the Reservoir <br />Enlargement attributable to that portion . of -the storage space created by the Reservoir <br />Enlargement to be acquired by the Colorado Water Conservation. Board- (estimated , at <br />20/47th of the cost ofconstruction). The STATE further acknowledges that the ten percent <br />(10%} managemen# fee is a reasonable approximation of the out of pocket expenses <br />incurred by the CONTRACTOR in managing the construction of the Reservoir Enlargement <br />(such as permitting costs, engineering costs, construction contract administration costs, <br />construction management costs, office and equipment costs, legal fees, and water rights <br />adjudication costs} and that said management fee--shat! be an eligible expense- under the <br />terms of this non-reimbursable cost share agreemen#. Management costs shall include all <br />costs associated with the CONTRACTOR'S management of the Elkhead. Reservoir <br />Enlargement, including all legal expenses incurred by the CONTRACTOR -related to the <br />Elkhead Reservoir Enlargement. The ten percent {10°l0) management flee has been figured <br />into the River Dis#rict's estimated cost of construction for the Reservoir. Enlargement. - <br />c. Payment of statements. upon receipt ahd approval by the STATE of eak~ such statement <br />of costs, the STATE will,- within 30 days from -the approval of such statement, pay to the <br />CONTRACTOR the ameunt of the statement or such portion thereof as has been approved by <br />the STATE. - - - - <br />- ~- . i - Attachment A <br />
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