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capable Construction Firms, selected by the BORROWER and found acceptable by the <br /> CWCB staff. CWCB must approve the award of the construction contract. <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 /> drawings of the PROJECT to the CWCB staff, or, if required by §37-87-io5, C.R.S., the <br /> BORROWER shall provide the as-built drawings to the State Engineer's Office for <br /> approval and filing. <br /> K. Upon completion of the PROJECT construction, the BORROWER shall arrange a final <br /> inspection for the CWCB staff. <br /> L. The BORROWER shall pay all of the expenses related to the PROJECT when such bills are <br /> due. <br /> M. The BORROWER must submit a written appraisal or opinion of value from a qualified <br /> appraiser supporting the value of the land and water rights prior to disbursal of loan <br /> funds. <br /> SECTION 9-ELIGIBLE EXPENSES. <br /> The Borrower shall initiate disbursement requests by invoice to CWCB, in a form and <br /> manner approved by CWCB. The following items are eligible for loan disbursements: <br /> A. Engineering associated with the feasibility report prepared as a requirement for this <br /> loan. <br /> B. Preparing final designs and specifications for the PROJECT. <br /> C. Preparing bid and construction contract documents. <br /> D. Preparing environmental assessment or environmental impact statements, and <br /> otherwise complying with the Federal National Environmental Policy Act. <br /> E. Complying with all federal, state, and local regulatory requirements, including the <br /> obtaining of all required permits. <br /> Appendix i <br /> Page 3 of 4 <br />