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B. Disbursement of funds. The CWCB shall disburse funds to the CoNTRacTOR to <br />pay for the costs associated with the PRO�ECT in the following manner: <br />a. The CONTRACTOR letter attached hereto as Appendix 1, as approved � in the <br />amount of $125,285, shall be processed for payment within 30 working days after <br />approval of this contract. <br />C. Return of Unused Funds. Any funds disbursed but not expended for the PRO�ECT in <br />accordance with the terms of this Contract shall be remitted to the CWCB within 30 <br />days of either (1) completion of the PRO�ECT, or (2) upon termination of this Contract <br />by the CWCB in accordance with Paragraph D herein. <br />D. Termination of contract for cause. If, through any cause, the Corvrr�acTOR fails to <br />fulfill in a timely and proper manner its obligations under this contract, or if the <br />CoNTRacTOR violates any of the provisions of this contract, the CWCB, shall <br />thereupon have the right to terminate this contract for cause by giving written notice to <br />the CorvTRacTOR of such termination and specifying the effective date thereof, at least <br />five (5) days before the effective date of such termination. In that event, upon <br />submittal to the CWCB of a statement of PRO�ECT costs for the period preceding the <br />effective date of the termination of this contract, the CoNTRacTOR shall be entitled to <br />receive the CWCB's share of PRO�ECT costs that have been incurred before the <br />effective date of termination of this contract and have not yet been paid for as of the <br />effective termination date. <br />E. Severability. To the extent that this contract may be executed and performance of the <br />obligations of the parties may be accomplished within the intent of the contract, the <br />terms of this contract are severable, and should any term or provision hereof be <br />declared invalid or become inoperative for any reason, such invalidity or failure shall <br />not affect the validity of any other term or provision hereof. The waiver of any breach <br />of a term hereof shall not be construed as waiver of any other term. <br />F. Assignment. Neither party may assign its rights or duties under this contract without <br />the prior written consent of the other party. <br />G. Integration of all understandings. This contract is intended as the complete <br />integration of all understandings between the parties. No prior or contemporaneous <br />addition, deletion, or other amendment hereto shall have any force or effect <br />whatsoever unless embodied herein in writing. No subsequent novation, renewal, <br />addition, deletion, or other amendment hereto shall have any force or effect unless <br />embodied in a written contract executed and approved pursuant to STATE fiscal rules. <br />H. Captions. The captions and headings contained in this contract are for convenience <br />and reference only and shall not be construed so as to define or limit the terms or <br />provisions contracted herein. <br />I. Addresses for mailing. All notices, correspondence, or other documents required by <br />this contract shall be delivered or mailed to the addresses shown below: <br />Colorado Water Conservation Board <br />Attn: Planning and Finance Section <br />1313 Sherman Street, Room 721 <br />Denver, CO 80203 <br />Page 2 of 5 <br />