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Form 6 -AC -02A (R 5185) <br />1q/'119;!N7&PB <br />B-rnes meadows Dam <br />t)I PARTV -OR AGENCY NUMBER <br />34 -04 -00 <br />CONTRA, r ROOTING NNMBFR <br />132 317 <br />PROJECT $ ' a -, ._ C, ;I1 <br />CONTRACT <br />and Promissory Note <br />THIS CONTRACT, made this day of �G >%✓�� 19 by and between the <br />State of Colorado for the use and benefit of the Ikpartment of " Natural Resources <br />(Colorado water Conservation Board), <br />hereinafter referred to as the State, and '2 the City of Greeley, <br />Greeley Civic Center, innn inch Ctraat_ wY_ RAlnrAdn_ <br />hereinafter referred to as the contractor /Contractor or Borrow <br />WHEREAS, authority exists in the Law and Funds have been bud �2%WV;n otherwise made <br />available and a sufficient unencumbered balance thereof remains a *1 bllefop r 4008 <br />G/L Account Number 5378X Contract Encumbrance NUmbe�: an sA <br />ABL Account No. 13780, Orq. Unit 77 -77 -777, <br />WHEREAS, required approval, clearance and coordination has been accomplished %R., h appropriate <br />agencies; and <br />WHEREAS, pursuant to the provisions of 37 -60 -119 and <br />37 -60 -120. Colorado Revised Statutes, the State is authorized <br />to loan money for the construction of water projects for the <br />benefit of the people of the State provided that the Contractor <br />assures repayment of that money; and <br />WHEREAS, the Contractor is a duly constituted city in the <br />State of Colorado and it wishes to construct, or cause to be <br />constructed, the rehabilitation of its Barnes Meadow Dam and <br />appurtenant structures, hereinaft ometimes called the <br />project, which is located in LaCougty, Colorado, at an <br />estimated cost of Four Hundre� T s nd Dollars <br />($430,000): and <br />WHEREAS, on July 1, 1987, th es entered into a <br />feasibility report contract, a a d hereto as Exhibit A <br />feasibility investigation o roject was conducted and the <br />State has determined that su project is technically and <br />financially feasible; and <br />WHEREAS, on /� _= 199, the State and the <br />Contractor entered into a termination contract, attached hereto <br />as Exhibit A. which terminated the Exhibit B feasibility report <br />contract previously entered into between the parties; and <br />WHEREAS, the termination contract provides that the <br />Contractor will repay to the State the principal amount of <br />Twenty -Two Thousand Six Hundred Eighty -Three Dollars ($22,683) <br />under the terms and conditions of that Exhibit A termination <br />contract in consideration of the State's partial financing of <br />the feasibility report for the project pursuant to the Exhibit <br />B feasibility report contract; and <br />WHEREAS, the State now desires by this project contract to <br />loan money for the construction of said project upon mutually <br />agreeable terms and conditions, subject to the availability of <br />funding for that purpose; and <br />WHEREAS, the State and the Contractor agree that the <br />repayment of the feasibility report funding shall be <br />consolidated with the repayment of the project construction <br />loan: and <br />WHEREAS, pursuant to the Contractor's Home Rule Charter, <br />the Contractor has authority to contract to borrow money, <br />provided that said contract is signed by the current Chairman <br />of the Greeley Water and Sewer Board, and to levy assessments <br />assuring repayment to the State'according to the terms of the <br />contract; and <br />3594E* <br />39'.x5301-1014 Page I of.-Q. pages <br />