My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
C150391 Contract
CWCB
>
Loan Projects
>
DayForward
>
4001-5000
>
C150391 Contract
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/19/2014 2:14:12 PM
Creation date
3/3/2014 10:20:40 AM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
CT2015-039
C150391
Contractor Name
Big Elk Meadows Association
Contract Type
Loan
Water District
4
County
Lake
Loan Projects - Doc Type
Contract Documents
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
29
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
SECTION 5—SCHEDULE OF EXISTING DEBT <br /> The BORROWER has two unsecured loans, with private entities in good standing, <br /> totaling $114,994. The BORROWER also has a CWCB Loan (#0150327), with a total <br /> amount of $272,700. The Borrower has asked for and was granted a three year <br /> deferral of payment, $16,741 per annum, for this loan at the January 27, 2014 Board <br /> meeting. <br /> SECTION 6 -COLLATERAL <br /> The COLLATERAL provided for this loan, as evidenced by the executed SECURITY <br /> AGREEMENT (Appendix 4) and DEED(S) OF TRUST (APPENDIX 5a, 5b and 5c) and <br /> incorporated herein, shall be a pledge of assessment revenues backed by a rate <br /> covenant, the PROJECT, consisting of five (5) dams and associated measurement <br /> structures and an undivided one hundred percent (100%) interest in a 160-acre parcel <br /> of land within Big Elk Meadows, as more particularly described in the attached <br /> DEED(S) OF TRUST ("COLLATERAL") which is incorporated herein. This is in accordance <br /> with CWCB Financial Policy#5 (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 /> Appendix 1 to Loan Contract C150391 <br /> Page 2 of 4 <br />
The URL can be used to link to this page
Your browser does not support the video tag.