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

of the Contractor is a condition precedent to State performance.
M. The Contractor warrants that in the event of a default by the Contractor in the
repayment to the State, and upon written notice thereof from the State, the Contractor shall,
pursuant to applicable law, immediately take all necessary actions allowed by law to raise
additional revenues in a sufficient amount and in a timely manner to cure the default and
to repay the State as required by the contract.
N. The Contractor agrees that pursuant to its statutory authority, it shall.adjust revenues
from water user fees from time to time as necessary to provide for adequate management,
operation and maintenance of the Project to assure its ability to make repayment of the loan
under this Contract
O. The Contractor hereby pledges sufficient annual revenues to pay the annual
installment amount [to be kept in a separate account] subject only to the pledge of funds
for repayment of the District's Water Revenue Refunding Bonds, Series 1987.
P. The Contractor warrants that by acceptance of the loan money pursuant to the terms
of this contract and by the Contractor's representation herein, the Contractor shall be
estopped from asserting for any reason that it 4-ngti auth9rized or obligated to repay the
loan money to the State as required by this c as, F }
Q. This contract requires review and an A,' ,ajr'of pl' T pecification, and various other
technical and legal documents. The S44 *view �hese documents is only for the
purpose of verifying contractors compliance U'A h tl s ggntract and shall not be construed or
interpreted as a technical review or approval of the actual design or construction of the
Project. Notwithstanding any consents or aovas given contractor by the State on any
such documents, Contractor and its Consultant p 'feparing any such documents shall be solely
responsible for the accuracy and completeness of any of the construction documents.
R. No monies will become available from this contract unless an equal amount is made
available by the Contractor, as the equal cost -share for the project.
S. All notices, correspondence, or other documents required by this contract shall be
delivered or mailed to the following addresses:
For the State:
Daries C. Lile, P.E., Director
Colorado Water Conservation Board
721 State Centennial Building
1313 Sherman Street
Denver, CO 80203
Attn: Frank Akers
2. For the Contractor:
Ute Water Conservancy District
P.O. Box 460
Grand Junction, CO 81502 -0460
Attn: Lawrence Aubert
Manager
UTEWCD2.CON
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