C150329 Contract

• Contract/PO #: C150329
• Contractor Name: La Veta, Town of
• Contract Type: Loan
• Water District: 2
• County: Huerfano
• Loan Projects - Doc Type: Contract Documents

At its January 2012 meeting, the CWCB approved a Small Project Loan from the
Construction Fund to the BORROWER in an amount up to $369,000 for PROJECT
costs, not to exceed 90% of the cost of the PROJECT, with a loan origination fee of
1% in accordance with CWCB Policy No. 16, at an interest rate of 3.00% per
annum for a repayment term of 30 years.
SECTION 5 — SCHEDULE OF EXISTING DEBT
Colorado Water Resources & Power Development Authority, annual payment
$50,117, remaining balance $1,102,604, maturity date 2039.
SECTION 6 — ADDITIONAL CONDITIONS & CONTRACT REQUIREMENTS
No additional contract requirements.
SECTION 7 — CONSTRUCTION FUND PROGRAM PROCEDURES
A. The BORROWER shall employ an engineer, registered in the state of
Colorado to prepare plans and specifications for the PROJECT.
B. The 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 opening and must approve the award of
the construction contract.
E. The BORROWER shall contract for the construction of the work with
responsible and capable Construction Firms, which said Construction Firms
shall be selected by the BORROWER and found acceptable by the CWCB
staff.
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 PROJECT requires a resident
Appendix 1 to Loan Contract C150329
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