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G. The BORROWER shall conduct a pre- construction conference at which time the <br />CWCB staff shall have the opportunity to review and approve the construction <br />schedule. <br />H. If the CWCB staff determines that the PROJECT requires a resident inspector during <br />construction, the BORROWER shall employ an inspector who has been approved by <br />the CWCB staff. <br />I. The BORROWER shall construct the PROJECT in accordance with the approved plans <br />and specifications. <br />J. Upon completion of the PROJECT construction, the BORROWER shall provide as -built <br />drawings of the PROJECT to the CWCB staff, or, if required by § 37 -87 -105, C.R.S., <br />the BORROWER shall provide the as -built drawings to the State Engineer's Office for <br />approval and filing. <br />K. Upon completion of the PROJECT construction, the BORROWER shall arrange a final <br />inspection for the CWCB staff. <br />L. The BORROWER shall pay all of the expenses related to the PROJECT when such bills <br />are due. <br />SECTION 9 — ELIGIBLE EXPENSES. The following items are eligible for loan disbursements. <br />A. Preparing final designs and specifications for the PROJECT. <br />B. Preparing bid and construction contract documents. <br />C. Preparing environmental assessment or environmental impact statements, and <br />otherwise complying with the Federal National Environmental Policy Act. <br />D. Complying with all federal, state, and local regulatory requirements, including the <br />obtaining of all required permits. <br />E. Fish and wildlife mitigation measures required by federal, state, or local laws and <br />regulations. <br />F. Actual construction as called for in the design documents and in change orders <br />approved by the CWCB and the BORROWER. <br />G. Engineering services for construction management, including design and <br />construction management for CWCB- approved change orders. <br />H. Interest during completion of the PROJECT pursuant to Paragraph A.4 of the <br />CONTRACT. <br />I. Legal services for reviewing engineering services contracts, reviewing this <br />CONTRACT, reviewing construction contract documents, and for complying with all <br />federal, state, and local regulatory requirements. <br />M. PROJECT - related expenses incurred prior to the Effective Date of this CONTRACT in <br />accordance with the approval of this loan. <br />10 — DISBURSEMENT SCHEDULE <br />For Project costs: The BORROWER shall prepare a periodic progress report which <br />contains a statement of the PROJECT costs expended for that period and shall <br />Appendix 1 to Loan Contract C150344 <br />Page 3 of 4 <br />