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C150374 Contract
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C150374 Contract
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Last modified
12/6/2013 3:01:31 PM
Creation date
11/6/2013 1:08:45 PM
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Loan Projects
Contract/PO #
C150374
Contractor Name
Boulder and Larimer County Irrigation and Manufacturing Ditch Company
Contract Type
Loan
Water District
4
County
Boulder
Larimer
Loan Projects - Doc Type
Contract Documents
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SECTION 5 — SCHEDULE OF EXISTING DEBT <br />No other debt, backed by collateral, exists. <br />SECTION 6 - COLLATERAL <br />The COLLATERAL provided for this loan, as evidenced by the executed SECURITY <br />AGREEMENT (Appendix 4) and DEED OF TRUST (APPENDIX 5) and incorporated herein, <br />shall be a pledge of assessment revenues backed by a rate covenant and an <br />undivided one hundred percent (100 %) interest in the Boulder and Larimer Diversion <br />Structure as more particularly described in the attached DEED OF TRUST <br />( "COLLATERAL "). <br />SECTION 7 — ADDITIONAL CONDITIONS & CONTRACT REQUIREMENTS <br />Any future grant funds obtained for the purpose of this PROJECT shall be submitted to <br />CWCB to be applied to the balance of the loan within thirty (30) calendar days after <br />receipt of said funds. <br />SECTION 8 — CONSTRUCTION LOAN PROGRAM PROCEDURES <br />A. The BORROWER shall employ an engineer, registered in the state of Colorado to <br />prepare plans and specifications for the PROJECT. <br />B. Engineering Contracts and the plans and specifications must be submitted to the <br />CWCB staff for verification of compliance with the terms of this CONTRACT when <br />available prior to bidding. Any modifications to the plans and specifications must be <br />approved in writing by the CWCB staff. <br />C. For plans and specifications for all jurisdictional dams and reservoirs, as defined by <br />§ 37 -87 -105 C.R.S., the BORROWER shall provide a letter of approval from the State <br />Engineer's Office prior to construction. <br />D. The BORROWER shall extend an invitation to CWCB to be present at the bid opening. <br />E. The BORROWER shall contract for the construction of the work with responsible and <br />capable Construction Firms, which said Construction Firms shall be selected by the <br />BORROWER and found acceptable by the CWCB staff. <br />F. The BORROWER must provide a copy of the executed construction contract <br />documents consisting of the contractor's proposal, construction contract, <br />performance bond, payment bond, notice of award, notice to proceed, sample <br />change order, and sample field order, as well as the advertisement for bid and bid <br />bond at bidding. After the CWCB staff verifies that these documents comply with <br />the terms of this CONTRACT, the BORROWER may issue the notice to proceed to the <br />Construction Firms. <br />G. The BORROWER shall conduct a pre- construction conference at which time the <br />Appendix 1 to Loan Contract C150374 <br />Page 2 of 4 <br />
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