C150044 Paid in Full Contract

• Contract/PO #: C150044
• Contractor Name: Riverside Reservoir & Land Company
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

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A. The BORROWER agrees as follows:
1. Construction Fund Program Procedures. The following items ar 4o dures the BORROWER
shall follow during the construction phase of the PROJECT. 1 pr* c +
a. The BORROWER shall employ an engineer, registered in 'e • d ' ' •I• do, hereinafter
referred to as the CONSULTANT, to prepare plans and specifitati! • ,z '• T.
b. The agreement between the BORROWER and the NSULTANT .n. - plans and
specifications must be submitted to the CWCB staff fo v i at liance with the
terms of this contract prior to bid opening. Any modific t s s cifications
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. (1999), 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 the work with responsible and capable
firms, hereinafter referred to as CONSTRUCTION FIRMS, which CONSTRUCTION FIRMS shall be
selected by the BORROWER and found acceptable by the CWCB staff before work under this
contract begins.
f. The BORROWER must provide a copy of the executed construction contract documents
consisting of the advertisement for bid, contractor's proposal, construction contract, bid bond,
performance bond, payment bond, notice of award, notice to proceed, sample change order,
and sample field order. 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.
g. The BORROWER shall conduct a pre-construction conference at which time the CWCB staff
shall have the opportunity to review and approve the construction schedule.
h. If the CWCB staff determines that the PROJECT requires a resident inspector during
construction, the BORROWER shall employ an inspector who has been approved by the CWCB
staff.
i. The BORROWER shall construct the PROJECT in accordance with the approved plans and
specifications.
j. Upon completion of the PROJECT construction, the BORROWER shall provide as-built drawings
of the PROJECT to the CWCB staff, and, if required by § 37-87-105, C.R.S. (1999), the
BORROWER shall provide the same drawings to the State Engineer's Office for approval and
filing.
k. Upon completion of the PROJECT construction, the BORROWER shall arrange a final inspection
for the CWCB staff, CONSTRUCTION FIRM, and the CONSULTANT.
2. Time For PROJECT Completion. The BORROWER recognizes that time is of the essence in the
performance of all of its obligations under this contract. Therefore, the BORROWER shall complete
the PROJECT within two (2) years from the date of this contract. The time for completion of the
PROJECT may be extended subject to the approval of the STATE. The BORROWER must provide, in
Riverside Reservoir and Land Company Page 2 of 12 Loan Contract C150044