CT2017-913 Contract

• Contract/PO #: CT2017-913
• Contractor Name: Union Well Augmentation Group
• Contract Type: Loan
• County: Weld
• Loan Projects - Doc Type: Contract Documents

i8. Additional Contract Requirements.Any additional contract requirements are set forth
in Additional Conditions & Contract Requirements, Section 7 of the PROJECT SUMMARY.
B. PROJECT PROVISIONS
1. Construction Fund Program Procedures. During the completion of the PROJECT, the
BORROWER shall adhere to the CWCB Construction Fund Program Procedures, Section 8 of
the PROJECT SUMMARY.
2. Eligible Expenses. The PROJECT expenses for which the BORROWER is eligible for loan
disbursements are listed in Eligible Expenses, Section 9 of the PROJECT SUMMARY.
3. Loan Disbursements. The CWCB shall disburse loan funds in accordance with the
Disbursement Schedule, Section io of the PROJECT SUMMARY.
4. Time for Performance. 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 the time specified in Time for Performance, Section n of the
PROJECT SUMMARY.
C. GENERAL PROVISIONS
1. Periodic Inspections. Throughout the term of this CONTRACT, the BORROWER shall permit a
designated representative of the CWCB to make periodic inspections of the PROJECT. Such
inspections shall cover the condition of the PROJECT, operating records, maintenance records,
and financial records. These inspections are solely for the purpose of verifying compliance
with the terms and conditions of this CONTRACT and shall not be construed or interpreted as
an approval of the actual design, construction or operation of any element of the PROJECT
facilities.
2. Applicable Laws. The BORROWER shall strictly adhere to all applicable federal, state, and
local laws and regulations that are in effect or may hereafter be established throughout the
term of this CONTRACT.
3. Designated Agent Of The CWCB. The CWCB's employees are designated as the agents of
the CWCB for the purpose of this CONTRACT.
4. Assignment. BORROWER'S rights and obligations, under this CONTRACT, are personal and
may not be transferred, assigned without the prior, written consent of the State. Any
attempt at assignment without such consent shall be void. All assignments approved by
BORROWER or the State are subject to all of the provisions hereof.
5. Contract Relationship. The Parties to this CONTRACT intend that the relationship between
them under this CONTRACT is that of lender-borrower, not employer-employee. No agent,
employee, or servant of the BORROWER shall be, or shall be deemed to be, an employee, agent,
or servant of the CWCB. The BORROWER shall be solely and entirely responsible for its acts
and the acts of its agents, employees, servants, engineering firms, construction firms, and
subcontractors during the term of this CONTRACT.
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