C153588 PIF Contract

• Contract/PO #: C153588
• Contractor Name: Greeley, City of
• Contract Type: Loan
• Water District: 3
• County: Larimer
• Bill Number: SB 89-85
• Loan Projects - Doc Type: Contract Documents

Form 6 -AC -02A (R SBS)
IA PAR I "* N - R AGENCY NUMBER
4 0 BARNES MEADOWS 34 -04 -00
DAM EXHIBIT A CONTRAc r ROUTING NUMBER
NO ENCUMBRANCE
TERMINATION
CONTRACT
THIS CONTRACT, made this day of 19 _ . 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 '2 the City of Greeley,
Greeley Civic Center, 919 7th St., Greeley, CO 80631,
hereinafter referred to as the contractor /Contractor
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 N/A
G/L Account Number N/A , Contract Encumbrance Number N/A : and
WHEREAS, required approval. clearance and coordination has been accomplished from and with appropriate
agencies: and
WHEREAS, the State and the Contractor entered into a
contract on July 1, 1987 (attached as k.xhibit B and
incorporated by reference herein), which contract shall
hereinafter be referred to as the "feasibility report
contract," in which the State agreed to pay the Contractor
Twenty -Two Thousand Six Hundred Eig ty- 'I't;c a Dollars ($22,683)
for the purpose of partially fund F, `t �; bi.l ity report
concerning the rehabilitation of ������ eadow Dam and
Reservoir; and _
WHEREAS, the �'��
feasibility r ci�t;ia t; piCrided in part
the following terms:
.» "}
5. In consideration of the State assuming a portion
of the cost of the preparation of the said project
feasibility report, the Contractor shall pay to the
State the sum of Twenty- -Nine Thousand Three Hundred
Seventy -Four Dollars and Fifty Cents ($29,374.50)
provided that construction of the subject water
project is initiated within ten (10) years of the date
of this contract. The Contractor shall fulfill this
obligation irrespective of how, or by whom, the
subject water project is financed or paid for so long
as construction is initiated within the specified time.
6. In the event the Contractor must make payment
pursuant to the terms of paragraph 5. above, then the
said sum of Twenty -Nine Thousand 'Three Hundred
Seventy -Four Dollars and Fifty Cents ($ 29,374.50)
shall be payable in ten (10) equal installments of Two
Thousand Nine Hundred Thirty -Seven Dollars and
Forty -Five Cents ($2,937.45) each, the first
installment to be due and payable upon the January 1st
next succeeding the initiation of construction on the
said water project. Subsequent payments shall be due
and payable on January 1st of each year thereafter.
WHERR,AS, the State and the Contractor intend to enter into
a separate contract (hereinafter referred to as the "project
contract ") in which the State will loan the Contractor money
for the purpose of rehabilitating the Barnes Meadow Dam and
Reservoir; and
WHEREAS, initiation of construction to perform the above
rehabilitation work will create an obligation on the part of
the Contractor to make payments under the terms, specifically
paragraph Nos. 5. and 6., of the existing feasibility report
contract; and
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EXHIBIT A