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SECTION 7-ADDITIONAL CONDITIONS&CONTRACT REQUIREMENTS <br /> None. <br /> SECTION 8-PROCEDURES <br /> "CONSTRUCTION FUND PROGRAM"PROCEDURES FOR WATER RIGHTS PURCHASE <br /> A. The BORROWER must submit a written appraisal or opinion of value from a qualified <br /> water rights appraiser supporting the purchase price prior to disbursal of loan funds. <br /> B. The BORROWER shall pay all of the expenses related to the PROJECT when such bills are <br /> due. <br /> and <br /> "CONSTRUCTION FUND PROGRAM"PROCEDURES FOR PROJECT <br /> A. The BORROWER shall employ an engineer, registered in the State of Colorado to <br /> prepare plans and specifications for the PROJECT. <br /> B. 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 /> C. 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 /> D. The BORROWER shall notify CWCB of the bid opening date, time and location. CWCB <br /> staff may elect to attend the bid opening. <br /> E. CWCB must approve the award of the construction contract. <br /> F. 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 /> G. 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 /> H. 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 /> Appendix 1 <br /> Page 3 of 6 <br />