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<br />Peterson Dam
<br />W /FRPB
<br />PROJECT
<br />CONTRACT'
<br />4t' 1FNr OR AGENCY NAME.
<br />WAR 1 MENTOR AUENCY NUMBER
<br />PDA
<br />ROUTING NUMBER
<br />37115 COKMCP, made this day of 199 2 , by and between the State of Colorado for
<br />the use and bencrit of the Depad meni of Natural R our e s
<br />(Colorado Water Conserva
<br />, , l:. OR
<br />hereinafter refereed to as the State, and the City of Greeley, `b 'r VA °
<br />41 10
<br />Greeley Civic Center Greeley, CO 80631
<br />hcreinflcr referred to as the contractor /Contractor. f _ p f ,r%'' ,
<br />WIIBRIAS, authority exists in the Law and Punds have been budgeted, appropriated and oth&tisfti%¢lc and a
<br />sufficient unencumbered balance thereof remains available for payment in Pund Number " 462 . App
<br />Organivation YYYX � p... WTRC Cwlract Pncumbrance Number, Cl (p Q ; and
<br />W1111REAS, required approval, clearance and coordination have been aocompliched from and with appropriate agencies; and
<br />WHEREAS, pursuant to the provisions of 37 -60 -119, Colorado
<br />Revised Statutes, the State is authorized to loan money for the
<br />construction of water projects for the benefit of the people of
<br />the State; and
<br />WHEREAS, the Contractor is a duly constituted Home Rule City
<br />in the State of Colorado and wishes to construct, or cause to be
<br />constructed, the enlargement and rehabilitation of its Peterson
<br />Dam and appurtenant structures, hereinafter called the project,
<br />which is located in Larimer County, Colorado at an estimated cost
<br />of Seven Hundred Sixty Thousand Dollars 000); and
<br />WHEREAS, the State participate' as
<br />investigation of said project, and i'w fo t, such a
<br />project is technically and financially fe ,1'The feasibility
<br />report contract has been amended to ing, e ;tb ayment of the
<br />State's share of the feasibility rep, „?!I, "ch relates to the
<br />rehabilitation of Peterson Reservoir wl "-fi repayment of this
<br />project loan; and
<br />WHEREAS, the State has now agreed to loan money for the
<br />construction of said project upon mutually agreeable terms and
<br />conditions, subject to the availability of funding for that
<br />purpose; and
<br />WHEREAS, pursuant to Senate Bill No. 15, Fifty -Sixth General
<br />Assembly of the State of Colorado, duly enacted into law, the
<br />State has been authorized to loan a sum not to exceed Three
<br />Hundred Eighty Thousand Dollars ($380,000) for the feasibility
<br />report and the construction of the'project;
<br />WHEREAS, the Contractor desires to include the repayment of
<br />the sum of Twenty -Three Thousand Six Hundred Forty Dollars
<br />($23,640), previously advanced by the State for the feasibility
<br />study of Peterson Dam, in its repayment of the loan of Three
<br />Hundred Fifty -Six Thousand Three Hundred Sixty Dollars ($356,360)
<br />made under this contract for a total principal repayment of Three
<br />Hundred Eighty Thousand Dollars ($380,000);
<br />NOW, THEREFORE, in consideration of the mutual and dependent
<br />covenants herein contained, it is agreed by the parties hereto as
<br />follows:
<br />A. The Contractor agrees that it shall:
<br />1. Employ an engineering firm to prepare project plans and
<br />specifications for the project. Both the engineering firm and the
<br />project plans and specifications must be approved by the State
<br />before initiation of construction on the project, including any
<br />real estate and water rights acquisitions, can commence.
<br />cWCV s /91
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