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provided by the State for the purpose of partially funding the <br />feasibility report for Bauer No. 1 Dam) will be inteqrated with <br />the Contractor's repayment of the construction loan of the <br />project contract, which will be executed contemporaneously with <br />and immediately prior to the execvtion of this termination <br />contract. <br />NOW, THEREFORE it is hereby aqreed that: <br />1. The feasibility report contract entered into between <br />the State and the Contractor on September 29, 1984 (attached as <br />Exhibit B and incorporated by reference herein), Contract <br />Encumbrance No. C-153431, is hereby terminated and the <br />remaininq obligations of the State and the Contractor under the <br />terms of that contract are no lonqer enforceable. <br />2. The Contractor aqrees to the followinq terms for the <br />repayment of Two Thousand Dollars (52,000), which represents <br />the principal amount provided by t e e as partial financinq <br />for the feasibility report unde� of the feasibility <br />report contract: <br />a. The Two Thousan a�����eferred to above <br />will be added to tha u the Contractor <br />by the State under t pro�ect contract for the repair <br />of the Bauer No. 1 Dam project. <br />b. The total amount desc=ibed in paraqraph 2.a. above <br />and interest for the full term-will be �epaid under the <br />terms of the project contract to be ent�red into <br />between the State and the Contractor. ' <br />3. This termination of the feasibility report contract <br />will not be effective until such time as a valid and <br />enforceable project contract containinq the terms of paragraph <br />2. above is in effect for the repair of the Bauer No. 1 Dam <br />project. <br />Page 2 of 4 Pages <br />