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SECTION 6 — ADDITIONAL CONTRACT REQUIREMENTS <br />The CWCB loan shall have parity with all existing debt. <br />SECTION 7 — CONSTRUCTION FUND PROGRAM PROCEDURES <br />A. The BORROWER shall employ an engineer, registered in the state of <br />Colorado to prepare plans and specifications for the PROJECT. <br />B. The BORROWER's and the Engineering Consultant's Agreements and the <br />plans and specifications must be submitted to the CWCB staff for <br />verification of compliance with the terms of this Contract when available <br />prior to bidding. Any modifications to the plans and specifications must be <br />approved in writing by the CWCB staff. <br />C. For plans and specifications for all jurisdictional dams and reservoirs, as <br />defined by § 37 -87 -105 C.R.S., the BORROWER shall provide a letter of <br />approval from the State Engineers Office prior to construction. <br />D. CWCB staff must be present at bidding and must approve the award of <br />the construction contract. <br />E. The BORROWER shall contra r th c nstruction of the work with <br />responsible and capable do s, which said Construction <br />Firms shall be selected b OR and found acceptable by the <br />CWCB staff. <br />F. The BORROWER must pro a the executed construction contract <br />documents consisting of the tr tors proposal, construction contract, <br />performance bond, payme notice of award, notice to proceed, <br />sample change order, and field order, as well as the advertisement <br />for bid and bid bond at biddin'. After the CWCB staff verifies that these <br />documents comply with the terms of this contract, the BORROWER may <br />issue the notice to proceed to the Construction Firms. <br />G. The BORROWER shall conduct a pre - construction conference at which time <br />the CWCB staff shall have the opportunity to review and approve the <br />construction schedule. <br />H. If the CWCB staff determines that the PROJECT requires a resident <br />inspector during construction, the BORROWER shall employ an inspector <br />who has been approved by the CWCB staff. <br />I. The BORROWER shall construct the PROJECT in accordance with the <br />approved plans and specifications. <br />J. Upon completion of the PROJECT construction, the BORROWER shall <br />provide as -built drawings of the PROJECT to the CWCB staff, or, if required <br />by § 37 -87 -105, C.R.S., the BORROWER shall provide the as -built drawings <br />to the State Engineers Office for approval and filing. <br />K. Upon completion of the PROJECT construction, the BORROWER shall <br />Page 3 of 4 <br />