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� <br />� <br />F. Actual construction as called for in the design documents and in change orders <br />approved by the CWCB and the BoRROwER. <br />G. Engineering services for construction management, including design and <br />construction management for CWCB-approved change orders. <br />H. Interest during completion Of the PROJECT pursuant to Paragraph A.4 of the <br />Contract. <br />I. Legal services for reviewing engineering services contracts, reviewing this Contract, <br />reviewing construction contract documents, and for complying with all federal, state, <br />and local regulatory requirements. <br />M. PROJECT-related expenses incurred prior to the Effective Date of this contract in <br />accordance with the approval of this loan. <br />J. Pay off existing loans to Palisade National Bank. <br />1 O — DISBURSEMENT SCHEDULE <br />For Project costs: The BoRROwER shall prepare a periodic progress report which <br />contains a statement Of th@ PROJECT COStS expended for that period and shall <br />forward said statement to the CWCB. After receipt of the periodic progress report <br />from the BoRROwER, and review and acceptance of the items therein as eligible <br />expenses as described below, the CWCB will pay to the BoRROwER the amount set <br />forth in the report or such portion that has been approved by the CWCB. Such <br />payment shall be made within thirty (30) days from the CWCB's approval of each <br />progress report. <br />For loan payoffs: For toan disbursements to payoff existing debt described in <br />Section 5, the BoRROwER shall provide the CWCB with a request that includes the <br />amount needed to pay in full each existing loan, the loan number and the name and <br />address, of the creditor, and the phone number and name of creditor contact. After <br />review and acceptance of the request, the CWCB will pay to the Borrower the <br />amount set forth in the request. Payment of said request shall be made within thirty <br />(30 days from the CWCB's approval of said request. <br />SECTION 11 — TIME FOR PERFORMANCE <br />PROJECT Beginning: Upon Effective Date of this Contract (the date this contract is <br />signed by the State Controller or his designee). <br />PRO�ECT Finish: Two (2) years frorn the Effective Date of this Contract <br />Appendix 1 to Loan Contract C150240 <br />Page 4 of 4 <br />