C153568 3/27/12

• Contract/PO #: C153568
• Contractor Name: Coon Creek Reservoir & Ditch Company
• Contract Type: Loan
• Water District: 72
• County: Mesa
• Loan Projects - Doc Type: Contract Documents

(8) 28± linear feet of 15 -inch CMP with coupling
and bar rack and concrete erosion pad for inlet to
CMP
(9) One concrete cutthroat flume, complete with
erosion mat
b. Coon Creek No. 2 Dam
(1) 80± cubic yards of excavation of the spillway
channel
(2) 20± squ re yards of rock erosion bars at
spillway inl t
(3) Bar andllconcrete erosion pad at the inlet to
the 15 -inch CMP
(4) One wooden Cipoletti weir, complete with
erosion mat
15. Obtain and maintain general fire and hazard insurance
on the project in an amount not less than the outstanding
amount of the loan made by the State to the Contractor until
the Contractor has repaid the loan in full under the terms of
paragraph A.13. above. The State shall be the sole insured of
this policy. Contractor shall submit certificates of insurance
evidencing such insurance policies upon the substantial
completion of the project and also notices of renewals of said
policies as they occur. The outstanding loan amount payable to
the State shall be reduced in the amount of any payments made
to the State under this insurance coverage. If only a portion
of the outstanding loan amount is paid to the State under this
policy, the number of installment payments shall remain
unchanged; however, the amount of each payment shall be reduced.
16. Comply with the Construction Fund Program Procedures
attached hereto as Exhibit C and incorporated by reference
herein.
17. Comply with the provisions of section 37 -60. -120,
Colorado Revised Statutes, and any other applicable statutes,
procedures, requirements, rules, or regulations which the State
has.
18. Not sell, convey, assign, grant, transfer, mortgage,
pledge, encumber, or otherwise dispose of the project or any
portion thereof, so long as any of the annual installments
required by paragraph A.13. above remain unpaid, without the
prior written concurrence of the State.
B. Upon default in the payments herein set forth to be made by
the Contractor, or default in the performance of any covenant
or agreement contained herein, the State, at its option, may:
(a) declare the entire principal amount then outstanding
immediately due and payable; (b) for the account of
the Contractor, incur and pay reasonable expenses for repair,
maintenance, and operation of the project herein described and
such expenses as may be necessary to cure the cause of default;
(c) take possession of the project, repair, maintain, and
operate or lease it; (d) act upon the security (described in
paragraph A.14. above) conveyed to the State; (e) take action
to enforce paragraphs A.11. and 13. above; and /or (f) take any
other appropriate legal action. All remedies described herein
may be simultaneously or selectively and successively
enforced. The provisions of this contract may be enforced by
the State at its option without regard to prior waivers 't
of previous defaults by the Contractor, through judici
proceedings to require specific performance of thi t,
or by such other proceedings in law or equity as de
necessary by the State to ensure compliance with pr is'
It
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