C153670A PIF

• Contract/PO #: C153670A
• Contractor Name: Ute Water Conservancy District
• Contract Type: Loan
• Water District: 72
• County: Mesa
• Loan Projects - Doc Type: Contract Documents

DEPARTMENT Or AGENCY NAME
Water Conservation Board
DEPARTMENT OR AGENCY NUMBER
PDA
ROUTING NUMBER 9 4e 0
$400,000
CONTRACT
THIS CONTRACT, made this /2 day of MA 14 by and between the State of Colorado for the
use and benefit of the Department of NATURAL RESOURCES
(COLORADO WATER CONSERVATION BOARD)
hereinafter referred to as the State, and the Ute Water Conservancy District
Box 460 Grand Junction CO 81502 — 0460, hereinafter referred to as the
contractor /Contractor or Borrower.
WHEREAS, authority exists in the Law and Funds have been budgeted, appropriated and otherwise made available and a sufficient
unencumbered balance thereof remains available for payment in Fund Number 424 . Organization YYYY . Appropriation
Program WTRC , Object Code 5120, Contract Encumbrance Number, 0—/5 31, 70A ; and
WHEREAS, required approval, clearance and coordination have bees',; ' _ plished from and with appropriate agencies; and
WHEREAS, pursuant to the provisions o ;JL 120, Colorado Revised
Statutes, the State is authorized to loan rn k fQr Ilie n of water projects for the
benefit of the people of the State provided tt the} or assures repayment of that
money; and
WHEREAS, the Ute Water Consery District is a Water Conservancy District in
the State of Colorado created and operated rsuant to Article 45, Title 37, C.R.S.;
WHEREAS, the Contractor wishes to reconstruct its Colorado River Pump Station
facilities as the first phase of the Plateau Creek pipeline project, hereinafter sometimes
called the project, for the benefit of the members of the Ute Water Conservancy District
in Mesa County, Colorado, at an estimated cost of Eight Hundred Thousand Dollars
($800,000); and
WHEREAS, the State now desires by this project contract to loan money for the
construction of said project upon mutually agreeable terms and conditions, subject to the
availability of funding for that purpose; and
WHEREAS, pursuant to Article 45, Title 37, C.R.S., the Contractor has authority to
contract to borrow money provided that a Resolution be duly passed by both Board of
Directors and to fix and charge rates, fees, and other charges for water sold and delivered
by Contractor, which rates, fees, and other charges can be used for repayment of the State
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