C150293 contract docs

• Contract/PO #: C150293
• Contractor Name: North Sterling Irrigation District
• Contract Type: Loan
• Water District: 0
• County: Logan
• Loan Projects - Doc Type: Contract Documents

casts, nat to exeeed 90% Of t11� CASt Of tI1� PR�JECT, witi� a loan originatian fee af
1% in accordance with CWCB Policy No. 16, at an interest rate of 2.25% per annum
for a repayment term of 20 years.
SECTION 5— SCHEDULE OF EXISTING DEBT
No existing debt.
SECfiI�N 6— ADB1fiI�NAL C�NDIfiI�NS & CONfiRACfi REQUiR�MENfiS
No additional conditions or contract requirements.
SECTION 7- CONSTRUCTION FUND PROGRAM PROCEDURES
A. The BoRROwER shall empioy an engineer, registered in the state of Colorado
to prepare plans and specifications for the PRO�ECr.
B. Th@ BORROWER's and the Engineering Consultant's plans and specifications
must be submitted to the CWCB staff for verification of compliance with the
terms of this Contract when available prior to bidding. Any modifications to
the plans and specifications must be approved in writing by the CWCB staff.
C. For plans and specifications for all jurisdictional dams and reservoirs, as
defined by § 37-87-105 C.R.S., the BoRROwER shall provide a letter of
approval from the State Engineer's Office prior to construction.
D. CWCB staff must be present at bid openin� and must approve the award of
the construction contract.
E. The BORROWER shall contract for
responsible and capable Construction
shall be selected by the Bo��ow€�
staff.
the construction of the work with
Firms, which said Construction Firms
and found acceptable by the CWCB
F. The BoRROwER must provide a copy of the executed construction contract
documents consisting of the contractor's proposal, construction contract,
performance bond, payment bond, notice of award, notice to proceed, sample
change order, and sample field order, as well as the advertisement for bid
and bid bond at bidding. After the CWCB staff verifies that these documents
comply with the terms of this contract, the BoRROwER may issue the notice to
proceed to the Construction Firms.
G. The BoRROwER shall conduct a pre-construction conference at which time
the CWCB staff shall have the opportunity to review and approve the
construction schedule.
H. If the CWCB staff determines that the PRO�ECT requires a resident inspector
during construction, the BORROwER shall employ an inspector who has been
approved by the CWCB staff.
Appendix 1 to Loan Contract C150293
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