Laserfiche WebLink
The warranty deed must be recorded by the Contractor <br /> in the proper county or counties and all transfer taxes shall <br /> be paid by the Contractor . <br /> 6 . Permit periodic inspection of construction by <br /> authorized representatives of the State during and after <br /> construction. <br /> 7 . Without expense to the State , manage , operate , and <br /> maintain the project system continuously in an efficient and <br /> economical manner , and assume all legal liability for such <br /> management, operation, and maintenance . The Contractor shall <br /> maintain general liability insurance covering its management , <br /> operation, and maintenance of the project system until it has <br /> completed purchase of the project system from the , ate in at <br /> least the following amounts: ` <br /> , . <br /> a. For any injury to one person iy sinb <br /> occurrence , the sum of One Hundred t housari <br /> Dollars ( $ 150 ,000 ) . <br /> 46e.. - <br /> b. For any . injury to two or more persons in y <br /> single occurrence , the sum of Four Hundred Thou . <br /> Dollars ( $400 , 000) . <br /> Said liability insurance shall name the State as a <br /> co-insured . A copy of a certificate of said liability <br /> insurance must be filed with the Colorado Water Conservation <br /> Board prior to the start of the operation of the project <br /> system. <br /> 8. Make the services of said project available within its <br /> capacity to all persons in the Contractor' s service area <br /> without discrimination as to race, color, religion, or natural <br /> origin at reasonable charges including assessments , taxes, or <br /> fees in accordance with a schedule of such charges, whether for <br /> one or more classes of service , formally adopted by the <br /> Contractor through its board of directors, as may be modified <br /> from time to time by the Contractor . The initial rate schedule <br /> must be approved by the State. Thereafter, the Contractor may, <br /> subject to the approval of the State , make such modifications <br /> to the rate schedule as the Contractor deems necessary to <br /> efficiently and economically provide for the financial <br /> requirements of the system as long as the rate schedule remains <br /> reasonable and non-discriminatory. <br /> 9 . Adjust its operating costs and service charges from <br /> time to time to provide for adequate operation and maintenance, <br /> emergency repair services , obsolescence reserves, and debt <br /> reserves. <br /> 10. Expand the system from time to time to meet reasonable <br /> growth or service requirements in the area within its <br /> jurisdiction. <br /> 11 . Provide the State with such periodic reports as it may <br /> require and permit periodic inspections of its operations and <br /> accounts by a designated representative of the State . <br /> 12. Purchase from the State all of the State 's right , <br /> title , and interest in said project and any facilities thereof <br /> at a total purchase price of Two Hundred Sixteen Thousand Three <br /> Hundred Dollars ( $216 ,300 ) payable in forty ( 40 ) annual <br /> installments of Five Thousand Four Hundred Seven Dollars and <br /> Fifty Cents ( $5 ,407 . 50 ) each , which first installment shall be <br /> due and payable on June 1 , 1984, and yearly thereafter until <br /> the entire principal sum shall have been paid . Said <br /> installment payments shall be made payable to the Colorado <br /> Water Conservation Board , payable at the offices of said Board <br /> in Denver, Colorado. <br /> Page 3 of 7 Pages <br />