C153623 Paid in Full Documents

• Contract/PO #: C153623
• Contractor Name: Sanchez Ditch and Reservoir Company
• Contract Type: Loan
• County: Costilla
• Loan Projects - Doc Type: Contract Documents

shall have any force or effect whatsoever unless embodied herein
in writing. No subsequent notation, renewal, addition,
deletion, or other amendment hereto shall have hany €force or
effect unless embodied in a written contract uk�ed=4;a }d
approved pursuant to State fiscal rules. ) ,;.ral. ��.i '=
hq /
H. In its sole discretion, the State may at'7 an 'x/tae ly��+}u�
writing give any consent, deferment, subordination; eaa
satisfaction, or termination of any or all of the Contractor's
obligations under this agreement, with or without valuable
consideration, upon such terms and conditions as the State may
determine to be: (a) advisable to further the purposes of this
contract or to protect the State's financial interest therein,
and (b) consistent with both the statutory purposes of this
contract and the limitations of the statutory authority under
which it is made.
I. Upon completion of repayment to the State in the amount of
Two Hundred Eighty-Seven Thousand One Hundred Thirty-Nine
Dollars and Thirty-Six Cents ($287, 139 . 36) , as set forth in
paragraph A. 13 . above of this contract, the State agrees to
convey to the Contractor all of the State' s right, title, and
interest in and to the project and any other property described
in paragraph A. 14. above by deed or other proper conveyance.
J. The Colorado Water Conservation Board, its agents and
employees, is hereby designated as the agent of the State for
the purpose of this contract.
K. The Contractor agrees and understands that Sections
37-60-119 through 37-60-122, C.R.S. , as amended, require that
the loan of money by the State to the Contractor for this water
project be conditioned upon the repayment of the loan to the
State. The Contractor hereby agrees to take any and all actions
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