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percent (ioo%) interest in Reservoir No. 10 Dam and Reservoir as more particularly <br /> described in the attached DEED OF TRUST(APPENDIX 6), incorporated herein, and in <br /> accordance with CWCB Policy No. 5. <br /> SECTION 7-ADDITIONAL CONDITIONS&CONTRACT REQUIREMENTS <br /> None. <br /> SECTION 8-"CONSTRUCTION FUND PROGRAM"PROCEDURES FOR PROJECTS <br /> The BORROWER shall employ an engineer, registered in the State of Colorado to prepare plans <br /> and specifications for the PROJECT. <br /> A. Engineering contracts and the plans and specifications must be submitted to the <br /> CWCB staff for verification of compliance with the terms of this CONTRACT when <br /> available prior to bidding. Any modifications, to the plans and specifications that <br /> effect changes to the construction costs must be approved in writing by CWCB. <br /> B. For plans and specifications for all jurisdictional dams and reservoirs, as defined by § <br /> 37-87-1o5 C.R.S., the BORROWER shall provide a letter of approval from the State <br /> Engineer's Office prior to construction. <br /> C. The BORROWER shall notify CWCB of the bid opening date, time and location. CWCB <br /> staff may elect to attend the bid opening. <br /> D. CWCB must approve the award of the construction contract. <br /> E. The BORROWER shall contract for the construction of the work with responsible and <br /> capable Construction Firms, selected by the BORROWER and found acceptable by the <br /> CWCB staff. <br /> F. The BORROWER must provide a copy of the following construction contract <br /> documents: executed contractor's proposal, executed construction contract, executed <br /> performance bond, executed payment bond, executed notice of award, proposed <br /> notice to proceed, sample change order, and sample field order, as well as the <br /> advertisement for bid. After the CWCB staff verifies that these documents comply <br /> with the terms of this CONTRACT, the BORROWER may issue the notice to proceed to <br /> the Construction Firms. <br /> G. The BORROWER shall conduct a pre-construction conference at which time the CWCB <br /> staff shall have the opportunity to review and approve the construction schedule. <br /> H. If the CWCB staff determines that the PROJECT requires a resident inspector during <br /> construction, the BORROWER shall employ an inspector who has been approved by the <br /> CWCB staff. <br /> I. The BORROWER shall construct the PROJECT in accordance with the approved plans and <br /> specifications. <br /> J. Upon completion of the PROJECT construction, the BORROWER shall provide as-built <br /> Appendix i <br /> Page 3 of 5 <br />