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C150049 Contract
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C150049 Contract
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Last modified
8/28/2014 8:42:28 AM
Creation date
8/28/2014 8:42:25 AM
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Loan Projects
Contract/PO #
C150049
Contractor Name
People's Ditch Company
Contract Type
Loan
County
Logan
Loan Projects - Doc Type
Contract Documents
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S <br /> • <br /> and local laws and regulations that are in effect or may hereafter be established throughout the <br /> term of this contract. <br /> 19. No Discrimination Of Services. The services of said PROJECT shall be made available within its <br /> capacity and in accordance with all pertinent statutes, rules and regulations, and operational <br /> guidelines to all persons in the BORROWER'S service area without discrimination as to race, color, <br /> religion, or national origin at reasonable charges (including assessments or fees), whether for one <br /> or more classes of service, in accordance with a schedule of such charges formally adopted by <br /> the BORROWER, as may be modified from time to time. <br /> B. The STATE agrees as follows: <br /> 1. Agreement To Loan Money. The STATE agrees to loan to the BORROWER an amount not to <br /> exceed that specified in the Promissory Note Provisions of this contract. <br /> 2. Disbursements. After receipt of the periodic progress report from the BORROWER, and review <br /> and acceptance of the items therein as eligible expenses as described below, the STATE will pay <br /> to the BORROWER the amount set forth in the report or such portion that has been approved by <br /> the STATE. Such payment shall be made within thirty (30) days from the STATE'S approval of <br /> each progress report. <br /> 3. Release After Loan Is Repaid. Upon complete repayment to the STATE of the entire principal, all <br /> accrued interest, and late charges, if any, as specified in the promissory note, the STATE agrees <br /> to file a UCC-3 form with the Secretary of State to terminate all of the STATE'S rights in and to the <br /> BORROWER'S right to receive assessment revenues pledged to repay this loan, and to execute <br /> releases of the Assignment of Certificate of Deposit and Assignment of Deposit Account as <br /> Security. <br /> C. The STATE and the BORROWER mutually agree as follows: <br /> 1. Designated Agent Of The STATE. The CWCB, which includes its agents and employees, is <br /> hereby designated as the agent of the STATE for the purpose of this contract. <br /> 2. Contract Is Not Assignable. This contract is not assignable by the BORROWER except with the <br /> prior written approval of the STATE. <br /> 3. Contract Relationship. The parties to this contract intend that the relationship between them <br /> contemplated by this contract is that of lender-borrower, not employer-employee. No agent, <br /> employee, or servant of the BORROWER shall be, or shall be deemed to be, an employee, agent, <br /> or servant of the STATE. The BORROWER shall be solely and entirely responsible for its acts and <br /> the acts of its agents, employees, servants, engineering firms, construction firms, and <br /> subcontractors during the performance of this contract. <br /> 4. Complete Integration Of All Understandings. This agreement is intended as the complete <br /> integration of all understandings between the parties. No prior or contemporaneous addition, <br /> deletion, or other amendment hereto shall have any force or effect whatsoever unless embodied <br /> herein in writing. No subsequent novation, renewal, addition, deletion, or other amendment <br /> hereto shall have any force or effect unless embodied in a written contract executed and <br /> approved pursuant to STATE fiscal rules, unless expressly provided for herein. <br /> 5. In Event Of A Conflict. In the event of conflict between the terms of this contract and conditions <br /> as set forth in any of the appendices, the provisions of this contract shall control. <br /> 6. Eligible Expenses. PROJECT costs eligible for financing by the STATE shall be limited to the cost <br /> of: <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 otherwise <br /> complying with the Federal National Environmental Policy Act. <br />
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