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C153618 PIF Contract
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C153618 PIF Contract
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Last modified
3/19/2013 11:22:24 AM
Creation date
3/19/2013 10:10:02 AM
Metadata
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Loan Projects
Contract/PO #
C153618
Contractor Name
Greeley, City of
Contract Type
Loan
Water District
3
County
Larimer
Bill Number
SB 87-15
Loan Projects - Doc Type
Contract Documents
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specific performance of this contract or by such other proceedings <br />in law or equity as may be deemed necessary by the State to insure <br />compliance with provisions of this contract and the laws and <br />regulations under which this contract is entered into. <br />C. The State agrees that it shall: <br />1. Loan to the Contractor for the purpose of this contract an <br />amount not to exceed Three Hundred Fifty -Six Thousand Three <br />Hundred Sixty Dollars ($356,360). Said Three Hundred Fifty -Six <br />Thousand Three Hundred Sixty Dollars ($356,360) shall be made <br />available to the Contractor in accordance with the following terms <br />and conditions: <br />a. Beginning with the monthly period commencing with the <br />date of this contract and for every month thereafter until <br />said project has been completed, the Contractor shall <br />prepare, with the assistance of the engineering firm <br />referred to in paragraph A.I. above, an estimate of the <br />funds required from the State for project engineering <br />and /or construction during that month and shall forward <br />said estimate to the State not less than fifteen (15) days <br />prior to the beginning of such month. <br />b. Upon receipt and approval by the State of such monthly <br />estimate, the State will, within forty (40) days from the <br />receipt of such estimate, pay over to the Contractor the <br />amount of the monthly estimate or such portion thereof as <br />has been approved by the State. <br />c. No payments will be made under this contract for <br />project construction until the project plans and <br />specifications referred to in paragrap 1. above are <br />approved by the State. <br />2. Provide the Contractor with suchh-t i aica„, ) " tance as <br />the State deems appropriate in planning, onprurincand <br />operating the project and in coordinating�Xie A�3c t with local <br />official comprehensive plans for sewer and w t nd with any <br />State or area plans for the area in which pr ject is located. <br />D. This contract is not assignable by the``dCo tractor except with <br />written approval of the State. <br />E. The parties to this contract intend that the relationship <br />between them contemplated by this contract is that of <br />lender- borrower, not employer- employee. No agent, employee, or <br />servant of the Contractor shall be or shall be deemed to be an <br />employee, agent, or servant of the State. The Contractor will be <br />solely and entirely responsible for its acts and the acts of its <br />agents, employees, servants, engineering firms, Construction <br />Firms, and subcontractors during the performance of this contract. <br />F. At all times during the performance of this contract, the <br />Contractor shall strictly adhere to all applicable federal and <br />state laws that have been or may hereafter be established. <br />G. This agreement is intended as the complete integration of all <br />understandings between the parties. No prior or contemporaneous <br />addition, deletion, or other amendment hereto shall have any force <br />or effect whatsoever unless embodied herein in writing. No <br />subsequent novation, renewal, addition, deletion, or other <br />amendment hereto shall have any force or effect unless embodied in <br />a written contract executed and approved pursuant to the State <br />fiscal rules. <br />H. In its sole discretion, the State may at any time give any <br />consent, deferment, subordination, release, satisfaction, or <br />termination of any or all of the Contractor's obligations under <br />this agreement, with or without valuable consideration, upon such <br />terms and conditions as the State may determine to be (a) <br />advisable to further the purposes of this contract or to protect <br />Page 5 of 8 pages <br />
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