Laserfiche WebLink
1p \ <br />CWCB to loan to the BORROWER an amount up to $317,500, hereinafter referred to as <br />AUTHORIZED LOAN AMOUNT, for the PROJECT from the Colorado water conservation board <br />constrL ction fund pursuant to § 37- 60- 122(1)(b), C.R.S. <br />9. The S1 ATE now desires, by this contract, to loan money to the BORROWER for this PROJECT <br />upon rT utually agreeable terms and conditions. <br />TF EREFORE, in consideration of the mutual and dependent covenants contained <br />herein, the parties agree as follows: <br />A. The Bc RROWER agrees as follows: <br />1. Construction Fund Program Procedures. The following items are procedures the <br />BORRO ER shall follow during the construction phase of the PROJECT. <br />a. The BORROWER shall employ an engineer, registered in the State of Colorado, <br />hereinafter referred to as the CONSULTAYf,_to,prepare plans and specifications for the <br />PRCJECT. <br />b. The agreement between the BORROWER ar the CONSULTANT and the plans and <br />specifications must be submitted to the CWCB staff for verification of compliance with <br />the terms of this contract prior to bid opening. Any modifications to the plans and <br />spe ifications must be approved in whe CWCB staff. <br />c. For tans and specifications for all jurisdictional dams and reservoirs, as defined by § 37- <br />87- 05 C.R.S. (1998), the BORROWER shall provide a letter of approval from the State <br />Eng neer's Office prior to constructPipowN <br />d. CW B staff must be present a bid o ening and must approve the award of the <br />con traction contract. <br />e. The BORROWER shall contract for the construction of the work with responsible and <br />capable firms, hereinafter refeffed to as CONSTRUCTION FIRMS, which CONSTRUCTION <br />FIRN S shall be selected by th ROWER and found acceptable by the CWCB staff <br />befc re work under this contrac <br />f. The BORROWER must provide a copy of the executed construction contract documents <br />consisting of the advertisement for bid, contractor's proposal, construction contract, bid <br />bond, performance bond, payment bond, notice of award, notice to proceed, sample <br />change order, and sample field order. After the CWCB staff verifies that these <br />doc ents comply with the terms of this contract, the BORROWER may issue the notice to <br />pro ed to the CONSTRUCTION FIRMS. <br />9. The BORROWER shall conduct a pre - construction conference at which time the CWCB <br />staff shall have the opportunity to review and approve the construction schedule. <br />h. If th a CWCB staff determines that the PROJECT requires a resident inspector during <br />con truction, the BORROWER shall employ an inspector who has been approved by the <br />CW B staff. <br />Ryan Gulch Qeservoir Company Page 2 of 13 Loan Contract <br />