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schedule. <br />H. If the CWCB staff determines that the PRO�ECT requires a resident inspector during <br />construction, the BoRROwER shall employ an inspector who has been approved by <br />the CWCB staff. <br />I. The BoRROwER shall construct the PRO�ECT in accordance with the approved plans <br />and specifications. <br />J. Upon completion of the PRO�ECT construction, the BoRROwER shall provide as-built <br />drawings of the PRO�ECT to the CWCB staff, or, if required by § 37-87-105, C.R.S., <br />the BoRROwER shall provide the as-built drawings to the State Engineer's Office for <br />approval and filing. <br />K. Upon completion of the PRO�ECT construction, the BoRROwER shall arrange a final <br />inspection for the CWCB staff. <br />L. The BoRROwER shall pay all of the expenses related to the PRO�ECT when such bills <br />are due. <br />SECTION 9— ELIGIBLE EXPENSES The following items are eligible for loan disbursements. <br />A. Preparing final designs and specifications for the PRO�ECT. <br />B. Preparing bid and construction contract documents. <br />C. Preparing environmental assessment or environmental impact statements, and <br />otherwise complying with the Federal National Environmental Policy Act. <br />D. Complying with all federal, state, and local regulatory requirements, including the <br />obtaining of all required permits. <br />E. Fish and wildlife mitigation measures required by federal, state, or local laws and <br />regulations. <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 th@ 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 />J. PRO�ECT-related expenses incurred prior to the Effective Date of this contract in <br />accordance with the approval of this loan. <br />K. Pay off existing loan to Three-S Ranch, Inc. <br />1 O — DISBURSEMENT SCHEDULE <br />For Project costs: The BoRROwER shall prepare a periodic progress report which <br />contains a statement of the PRO�ECT costs expended for that period and shall <br />forward said statement to the CWCB. After receipt of the periodic progress report <br />Appendix 1 to Loan Contract C150303 <br />Page 3 of 4 <br />