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C153564 PIF contract
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C153564 PIF contract
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Last modified
12/23/2010 12:57:56 PM
Creation date
12/23/2010 12:50:18 PM
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Loan Projects
Contract/PO #
C153564
Contractor Name
Bauer Lakes Water Company
Contract Type
Loan
Water District
34
County
Montezuma
Bill Number
HB 85-1042
Loan Projects - Doc Type
Contract Documents
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enforced. The provisions of this contract may be enforced by <br />the State at its option without regard to prior waivers by it <br />of previous defaults by the Contractor, through judicial <br />proceedings to require specific performance of this contract, <br />or by such other proceedings in law or equity as may be deemed <br />necessary by the State to ensure compliance with provisions of <br />this contract and the laws and regulations under which this <br />contract is entered into. <br />D. The State aqrees that it shall: <br />1. Loan to the Contractor for the construction of the <br />project an amount not to exceed Ninety-Eight Thousand Dollars <br />($98,000). Said Ninety-Eight Thousand Dollars (�98,000) shall <br />be made available to the Contractot in accordance with the <br />followinq terms and conditions: <br />a. Beqinning with the monthly period commencing <br />C�Lr..rc.�� � � / l�� f <br />and for eve month ther fter until said project has <br />been completed, the Contractor shall prepare. with the <br />assistance of the Consultant referred to in paragraph <br />B.1. above, an estimate of the funds required for <br />project construction during that month and shall <br />forward said estimate to the State not less than <br />fifteen (15) days prior to the b inning such month. <br />b. Upon receipt and app he State of such <br />monthly estimate, the`St 1, wi ia-forty (40) <br />days from the receipt of euc �i a, pay over to <br />the Contractor the am o � y estimate or <br />such portion thereof e�l"'approved by the 5tate. <br />�� <br />c. No payments will be made under this contract <br />unless and until the project plans and specifications <br />referred to in paraqraph B.1. above are approved by <br />the State in writinq. <br />d. Project construction costs eligible for payment by <br />the State shall be limited Lo the cost of: <br />(1) Preparing final designs and specifications <br />for the project. <br />(2) Preparing bid and construction contract <br />documents. <br />(3) Preparinq environmental assessment or <br />environmental impact statements, and otherwise <br />comp2yinq with the federal National Environmental <br />PoliCy Act. <br />(4) Complying with all federal, State, and local <br />regulatory requirements, including the obtaininq <br />of all required permits. <br />(5) Land and water rights acguisitions needed for <br />the project, including the necessary appraisals <br />and evalnations. <br />(6) Fish and wildlife mitigation measures <br />required by federal, State, or local laws and <br />regulations. <br />(7) Actual construction as called for in the bid <br />documents and in Change Orders approved by the <br />Consultant, the Contractor, the Construction Firm, <br />and the State. <br />Page 6 of 11 Paqes <br />
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