C150122 PIF Documents

• Contract/PO #: C150122
• Contractor Name: Central Weld County Water District
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

CWCB to loan to the BORROWER an amount up to $3,937,500 for the PROJECT
SECTION 5—SCHEDULE OF EXISTING DEBT
The BORROWER has two outstanding obligations as follows: (1) Central Weld County
Water District Water Revenue Refunding Bonds, Series 2004, dated as of May 27, 2004,
originally issued in the aggregate principal amount of $1,330,000 and currently
outstanding in the aggregate principal amount of $1,000,000, maturing on December 1,
2007; and (2) a Loan Agreement dated September 15, 1992, with the Colorado Water
Resources and Power Development Authority, as refunded in October 1998, originally
issued in the aggregate principal amount of $3,200,000 and currently outstanding in the
aggregate principal amount of $845,449, maturing on October 1, 2012. The parity
certificate signed by Watkins & Scrommer, Inc. and dated March 21, 2005, establishing
that the lien created by this loan is on parity with the BORROWER'S other debt obligations,
is incorporated herein by reference.
SECTION 6 —ADDITIONAL CONDITIONS& CONTRACT REQUIREMENTS
No additional conditions or contract requirements.
SECTION 7 — CONSTRUCTION FUND PROGRAM PROCEDURES
A. The BORROWER shall employ an engineer, registered in the state of Colorado to
prepare plans and specifications for the PROJECT.
B. The BORROWER'S and the Engineering Consultant's Agreements and the plans and
specifications must be submitted to the CWCB staff for verification of compliance
with the terms of this Contract when available prior to bidding. Any modifications
to the plans and specifications must be approved in writing by the CWCB staff.
C. For plans and specifications for all jurisdictional dams and reservoirs, as defined
by § 37-87-105 C.R.S., the BORROWER shall provide a letter of approval from the
State Engineer's Office prior to construction.
D. CWCB staff must be present at bid opening and must approve the award of the
construction contract.
E. The BORROWER shall contract for the,construction of bite , < . ith responsible and
capable Construction Firms, which said Construction ' - - elected by
the BORROWER and found acceptable by.the CW c ' aff., I i
F. The BORROWER must provide a copy of th- - •struc Ion contract
documents consisting of the contractor's prop .. •' contract,
performance bond, payment bond, notice of award, . - ., sample
change order, and sample field order, as well as the advertiseme - Ad bid
bond at bidding. After the CWCB staff verifies that these documents comply with
the terms of this contract, the BORROWER may issue the notice to proceed to the
Construction Firms.
Appendix 1 to Loan Contract C150122
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