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

' herein.
Ca�trolling Terms, In the event of conflicts or inconsistencies between the terms of this
contract and conditions as set forth in any of the appendices, such conflicts or
inconsistencies shall be resolved by reference to the documents in the following order of
priority: (1) Colorado Special Provisions, (2) the remainder of this contract, and (3) the
Appendices.
s. Casualty and Eminent Domain. If, at any time, during the term of this contract, (a) the
Bo�ROwER's PRO�EC� facitities induding buildings or any portion thereof, are damaged or
destroyed, in whole or in part, by fire or other casualty, or (b) title to or use of the PRO�ECT
facili#ies or any part thereo# shall be taken under the exerase of #he power o# eminent
domain, the BORROWER shall cause the net proceeds of any insurance claim or
condemnation award to be applied to the prompt replacement, repair and restoration of
the PROJECT facilities or any portion thereof, or to repayment of this loan. Any net
proceeds remaining after such work has been completed or this loan has been repaid,
shall be retained by the BoRROwER. If the net insurance proceeds are insufficient to pay
the full cost of the replacement, repair and restoration, the BoRROwER shall complete the
work and pay any cost in excess of the net proceeds. In the event BoRROwER chooses
to repay the loan, BORROWER shall remain responsible for the full loan amount
outstanding regardless of the amount of such insurance proc.eeds or condemnation
award.
9. Captions. The captions and headings contained in this contract are for convenience and
reference only and shaii not be construed so as to define or limit the terms or provisions
contracted herein.
io. CWCB's Approval. This contract requires review and approval of plans, specifications,
and various other technical and legal documents. The CWCB's review of these
documen#s is oMy for the purpose of veri#ying BoRROw�R's compliance with this contract
and shall not be construed or interpreted as a technical r+eview or approval of the actual
design or construction of the RRO�ECT. Notwiths#anding any consents or approvals given
to the BoRROwER by the CWCB on any such documents, BoRROwER and any of its
consultants, by preparing any such documents, shall be solely responsible for the
accuracy and completeness of any of said documents.
i i. Waiver. The waiver of any breach of a term of this contract shall not be construed as a
waiver of any other term or of any subsequent breach of the same term.
�z. Addresses for maiiing. Ali notices, correspondence, or other documents required by
this contract shall be delivered or mailed to the addresses shown in the Project
Summary, Section 1 for the BORROWER and to the address below for the CWCB:
Colorado Water Conservation �oard
Attn: Construction Fund Section
1313 Sherman Street, Room 721
Denver, CO 80203
Loan Contract C150293
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