C153380 PIF

• Contract/PO #: C153380
• Contractor Name: Ute Water Conservancy District
• Contract Type: Loan
• Water District: 72
• County: Mesa
• Bill Number: SB 81-439
• Loan Projects - Doc Type: Contract Documents

b. For any injury to two or more persons in any single
occurrence, the sum of Four Hundred Thousand Dollars
($400,000).
Said liability insurance shall name the State as a
co- insured. A copy of a certificate of said liability insurance
must be filed with the Colorado Water Conservation Board prior to
the start of the operation of the project system.
8. Make the services of said project available within its
capacity to all persons in the Contractor's service area without
discrimination as to race, color, religion, or natural origin at
reasonable charges including assessments, taxes, or fees in
accordance with a schedule of such charges, whether for one or
more classes of service, formally adopted by the Contractor
through its board of directors, as may be modified from time to
time by the Contractor. The initial rate schedule must be
approved by the State. Thereafter, the Contractor may, subject
to the approval of the State, make such modifications to the rate
schedule as the Contractor deems necessary to efficiently and
economically provide for the financial requirements of the system
as long as the rate schedule remains reasonable and
non - discriminatory.
9. Adjust its operating costs and service charges from time
to time to provide for adequate operation and maintenance,
emergency repair services, obsolescence reserves, and debt
reserves.
10. Expand the system from time to time to meet reasonable
growth or service requirements in the area within its
jurisdiction.
11. Provide the State with such periodic reports as it may
require and permit periodic inspections of its operations and
accounts by a designated representative of the State.
12. Purchase from the State all of the State's right, title,
and interest in said project and any facilities thereof at a
total purchase price of Fourteen Million Six Hundred Thirty -Six
Thousand Four Hundred Dollars ($14,636,400) payable in Thirty
(30) annual installments of Four Hundred Eighty -Seven Thousand
Eight Hundred Eighty Dollars ($487,880) each, which first
installment shall be due and payable on April 15, 1984, and
yearly thereafter until the entire principal sum shall have been
paid. Said installment payments shal made payable to the
Colorado Water Conservation Board, atR .thp offices of said
Board in Denver, Colorado.
13. Obtain and maintain ge�air f' rfd hazard insurance
on the project system in an amount'%tIot - 'e' than the amount owing
to the State for purchase of the proj *dt' _d ystem until the
Contractor has purchased the proje tem. The State shall be
the sole insured of this policy. ";;:purchase price payable to
the State shall be reduced in the am nt of any payments made to
the State under this insurance coverage; if only a portion of the
purchase price 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.
14. Comply with Construction Fund Program Procedures
attached hereto as Schedule A.
15. Comply with the provisions of Section 5 of S.B. 439,
1981 Session of the Colorado General Assembly.
16. Not sell, convey, assign, grant, transfer, or otherwise
dispose of the project or any portion thereof, so long as any of
the annual installments required by paragraph A.12. above remain
unpaid, without the prior written concurrence of the State.
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