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6. Permit periodic inspection of construction by <br />authorized representatives of the State during and after <br />construction. <br />7. Without expense to the State, manage, operate, and <br />maintain the project system cont�,iuously in an efficient and <br />economical manner, and assume a�'_ lEgal liability for such <br />management, operation, and mairtenance. The Contractor shall <br />maintain general liability insuza�c:e covering its management, <br />operation, and maintenance of the �roject system until it has <br />completed purchase of the pro�ect system from the State in at <br />least the following amounts: <br />a. For any injury t� or.e person in any single <br />occurrence, the sum of One Hundred Fifty Thousand <br />Dollars ($15D,000). <br />b. For any injury tc two or more persons in any <br />single occurrence, tr�e sum of Four Hundred Thousand <br />Dollars (5400,000). <br />Said liability insurance shall name the State as a <br />co-insured. A copy of a certificate of said liability <br />insurance must be filed with the o �Q Water Conservation <br />Board prior to the start of th���c� of the project <br />system. �'� <br />8. Make the services i� r o within its <br />0 <br />capacity to all persons in � o ervice area <br />without discrimination as t a e, color, religion, or natural <br />origin at reasonable charges including assessments, taxes, or <br />fees in accordance with a schedule of such charges, whether for <br />one or more classes of service, formally adopted by the <br />Contractor through its board of directors, as may be modified <br />from time to time by the Contractor. The initial rate schedule <br />must be approved by the State. Thereafter, the Contractor may, <br />subject to the approval of the State, make such modifications <br />to the rate schedule as the Contractor deems necessary to <br />efficiently and economically provide for the financial <br />requirements of the system as long as the rate schedule remains <br />reasonable and non-discriminatory. <br />9. Adjust its operating costs and service charges from <br />time to time to provide for adequate operation and maintenance, <br />emergency repair services, obsolescence reserves, and debt <br />reserves. <br />10. Expand the system from time to time to meet reasonable <br />growth or service requirements in the area within its <br />jurisdiction. <br />11. Provide the State with such periodic reports as it may <br />require and permit periodic inspections of its operations and <br />accounts by a desiqnated representative of the State. <br />12. Purchase from the State all of the State's right, <br />title, and interest in said project and any facilities thereof <br />at a total purchase price of Three Hundred Forty-Nine Thousand <br />Six Hundred Eighty Dollars ($349,680) payable in forty (40) <br />annual installments of Eight Thousand Seven Hundred Forty-Two <br />Dollars ($8,742) each, which first installment shall be <br />due and payable on August 1, 1984, and yearly thereafter until <br />the entire principal sum shall have been paid. Said <br />installment payments shall be made payable to the Colorado <br />Water Conservation Board, payable at the offices of said Board <br />in Denver, Colorado. <br />13. Obtain and maintain general fire and hazard insurance <br />on the project system in an amount not less than the amount <br />owing to the State for purchase of the project system until <br />Page 3 of 7 Pages <br />