C150246 contract docs

• Contract/PO #: C150246
• Contractor Name: Logan Well Users, Inc.
• Contract Type: Grant
• Loan Projects - Doc Type: Contract Documents

GRANTEE: LOGAN WELL USERS, INC.
Contract No. C150246
Contract Amount $275,587
Agency Name: Water Conservation Board
Agency Number PDA �
Routing Number �� � v� U 00 � Q
G RANT CONTRACT
THIS GRANT CONTRACT, made this May 1, 2007, by and befinreen the State of
Colorado for the use and benefit of the Department of Natural Resources, Colorado
Water Conservation Board, ("CWCB" or " STATE "), and Logan Well Users, Inc., P.O. Box
1172, Sterling, CO 80751, a Colorado nonprofit corporation (" GRANTEE ").
FACTUAL RECITALS
1. Authority exists in the law, and funds have been budgeted, appropriated and
otherwise made available and a sufficient unencumbered balance thereof remains
available for payment as follows: Fund Number 424, Organization YYYY, GBL L246,
Appropriation Code AED, Program WTRC, Object Code 5781, Contract Encumbrance
No. C150246.
2. Required approval, clearance, and coordination have been accomplished from and
with appropriate agencies.
3. C.R.S. § 37-60-123.5 authorizes the CWCB to make loans and grants to agricultural
organizations for emergency drought-related water augmentation purposes from the
CWCB Severance Tax Trust Fund Perpetual Base Account, based on
recommendations from the Director of the CWCB, the State Engineer, the
Commissioner of Agriculture and the Executive Director of the Department of Natural
Resources. Such loans or grants may only be made if, pursuant to state or federal
law, any portion of Colorado has received emergency drought designation or a
disaster emergency been proclaimed due to drought.
4. Grantee submitted a grant application, dated March 1, 2007 ("Application"), to CWCB
for reimbursement of funds expended in connection with the lease and delivery of
augmentation water during 2006, in excess of normal years due to the drought,
described in Grantee's Application.
5. Th@ APPLICATION was approved for funding, in accordance with the Agricultural
Emergency Drought Response Grant Guidelines/Procedures dated September 2004,
in the amount of $275,587 ("Grant") by the Director of the CWCB and the State
Engineer on April 17, 2007, after consulting with the Commissioner of Agriculture and
the Executive Director of the Department of Natural Resources. The Letter of
Approval and Grantee's letter is attached hereto as Appendix 1.
NOW THEREFORE, in consideration of the mutual and dependent covenants
contained herein, the parties agree as follows:
A. Grant of funds. CWCB hereby grants to the Grantee the sum of $275,587 as
reimbursement of costs expended by Grantee in connection with the expenditure of
funds in connection with the lease and delivery of water for augmentation purposes
Grant Contract No. C150246
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