C150062 Paid in Full Documents

• Contract/PO #: C150062
• Contractor Name: Town of Monument
• Contract Type: Loan
• Loan Projects - Doc Type: Repayment Information

statutory purposes of this Contract and the limitations of the statutory authority under which it
is made.
9. Casualty and Eminent Domain. If, at any time, during the term of this contract, (a) the
BORROWER'S PROJECT facilities including buildings or any portion thereof, are damaged or
destroyed, in whole or in part, by fire or other casualty, or (b) title to or use of the PROJECT
facilities or any part thereof shall be taken under the exercise of the power of eminent domain,
the BORROWER shall cause the net proceeds of any insurance claim or condemnation award to
be applied to the prompt replacement, repair and restoration of the PROJECT facilities or any
portion thereof, or to repayment of this loan. Any net proceeds remaining after such work has
been completed shall be retained by the BORROWER. If the net insurance proceeds are
insufficient to pay the full cost of the replacement, repair and restoration, the BORROWER shall
complete the work and pay any cost in excess of the net proceeds. In the event Borrower
opts to repay the loan, Borrower shall remain responsible for the full loan amount outstanding
regardless of the amount of such insurance proceeds or condemnation award.
10. Captions. The captions and headings contained in this contract are for convenience and
reference only and shall not be construed so as to define or limit the terms or provisions
contracted herein.
11. CWCB's Approval. This contract requires review and approval of plans, specifications, and
various other technical and legal documents. The CWCB's review of these documents is only
for the purpose of verifying BORROWER'S compliance with this Contract and shall not be
construed or interpreted as a technical review or approval of the actual design or construction
of the PROJECT. Notwithstanding any consents or approvals given to the BORROWER by the
CWCB on any such documents, BORROWER and its CONSULTANT„ by,,preparing any such
documents, shall be solely responsible for the accuracy anid,pb ribletenoss}_ f any of said
r
documents. _ __- r: 4
12. Waiver. The waiver of any breach of a term of this..,cojtract shall not be construed as a
waiver of any other term or of any subsequent breach of th re ri"n 7 „.
13. Addresses for mailing. All notices, correspondence, or'other docul ts� �. b this
9 p Y
contract shall be delivered or mailed to the addresses shown in the Project Summary, Section
1 for the Borrower and to the address below for the CWCB:
Colorado Water Conservation Board
Attn: Construction Fund Section
1314 Sherman Street, Room 721
Denver, CO 80203
14. Additional Contract Requirements. Any additional contract requirements are shown in
ArJditinnal rnntrant Rani iiramant ( ar'tir r 1(1) of tha Prr inr4 Ci immry
SPECIAL PROVISIONS (12/1/01 version). State Fiscal Rule 3-1 requires the inclusion of these
Special Provisions in every STATE contract, including grants.
1. CONTROLLER'S APPROVAL. CRS 24-30-202 (1)
This contract shall not be deemed valid until it has been approved by the Controller of the State of
Colorado or such assistant as he may designate.
2. FUND AVAILABILITY. CRS 24-30-202 (5.5)
Financial obligations of the State of Colorado payable after the current fiscal year are contingent
upon funds for that purpose being appropriated, budgeted, and otherwise made available.
Town of Monument Page 7 of 9 Loan Contract