C154202 Contract

• Contract/PO #: C154202
• Contractor Name: Animas-La Plata Project
• Contract Type: Grant
• Loan Projects - Doc Type: Contract Documents

that the Final Repayment Obligation is in excess of any payments made by the State
2 to d the Estimated Repayment Obligation of $36,214,474 the State will have the option to pay
3 the i maining balance of the Final Repayment Obligation 180 days from the date of written
4 noti ( e.
5 ) After the 180 -day final payment option established in Article 7(f) has expired, the
6 unp id portion of the Final Repayment Obligation shall become the Remaining Repayment
7 Obl gation of the State. The United States will assign that Remaining Repayment Obligation, on
8 a pr rata basis, to a portion of the State's Project allocation, subject to the procedures of Section
9 6(a 3)(B) of the Settlement Act, as amended. The formula to determine the portion of the State's
10 Project allocation that this Remaining Repayment Obligation will be assigned is as follows:
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Reng 10,440
Pro ect Allocation = (Final Repayment Obligation - Repayment Received) x Acre -
Re Tiring Final Repayment Obligation Feet
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Th
above calculation to identify the Project allocation assigned to the Remaining Repayment
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Ob
igation will be rounded to the nearest whole acre -foot of storage.
is
(h) Upon final cost allocation, if the State elects not to pay the Remaining Repayment
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01
ligation to the United States for the remaining Project allocation (including storage) described
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an
I calculated in Article 7(g), then this portion of the State's Project allocation shall be subject
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to
he procedures of relinquishment as specified by Section 6(a)(3)(B) of the Settlement Act, as
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an
ended.
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(i) It is agreed that during construction every attempt will be made to keep Non - Contract
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C
sts at or below 30 percent of the final contract costs. The United States will continue to
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