C153656 Paid in Full Contract

• Contract/PO #: C153656
• Contractor Name: Loloff Lateral Ditch Company
• Contract Type: Loan
• County: Weld
• Loan Projects - Doc Type: Contract Documents

b. Automobile liability insurance for all vehicles, and comprehensive general
liability insurance, both in at least the following amounts:
(1) For any injury to one person in any single occurrence, the sum of Five
silly11) iundred Thousand Dollars ($500,000).
(2)__ or any injury to two or more persons in any single occurrence, the
u f One Million Dollars ($1,000,000).
l l�
For any damage to property, the sum of Four Hundred Thousand
IN
Dollars ($400,000) for each occurrence.
Said general liability insurance shall name the Contractor and the State as
co-insureds. No payments shall be made to the Contractor under this
contract unless copies of current certificates of all such insurance have
been obtained by the Contractor and filed with the State. Such filing of
current certificates shall be accomplished before the beginning of
construction. Notices of renewals of said policies shall also be filed with
the State as they occur.
6. Permit periodic inspection of construction by authorized representatives of the State
during and after construction.
7. Without expense to the State, manage, operate, and maintain the project
continuously in an efficient and economical manner, and assume all legal liability for such
management, operation, and maintenance. The Contractor agrees to indemnify and hold
the State harmless from any liability incurred by the State as a result of the State's interest
in the project facilities and any other property identified in paragraph A.14. below. The
Contractor shall maintain comprehensive general liability insurance covering the
management, operation, and maintenance of the project from the time it accepts the
constructed project as substantially completed until it completes repayment to the State, in
at least the following amounts:
a. For any injury to one person in any single occurrence, the sum of One Hundred
Fifty Thousand Dollars ($150,000).
b. For any injury to two or more persons in any single occurrence, the sum of Six
Hundred Thousand Dollars ($600,000).
c. For any damage to property, the sum of One Hundred Fifty Thousand Dollars
($150,000) for each occurrence.
Said general liability insurance shall name the State as a co-insured. A copy of a
certificate of said liability insurance must be filed with the State prior to the start
of the operation of the project system. Such certificate shall be incorporated herein
as part of this contract.
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