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CT2015-174 Feasibility Study Appendix B
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CT2015-174 Feasibility Study Appendix B
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Last modified
2/15/2018 2:13:26 PM
Creation date
2/15/2018 2:13:14 PM
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Loan Projects
Contract/PO #
CT2015-174
Contractor Name
Uncompahrge Valley Water Users Association
Contract Type
Loan
Loan Projects - Doc Type
Feasibility Study
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1 which the normal returns are being determined. The Association <br /> 2 and the water users thereof shall furnish the Secretary with such <br /> 3 assistance as he requests, including the submission of preliminary <br /> 4 crop reports and estimates for the current year on or before Novem- <br /> ber 15 of each year or such other date fixed by the Secretary, for <br /> 6 use in the preparation of estimates and final determinations of <br /> 7 annual returns and the determinations of normal returns provided <br /> 8 for in this article, and said estimates and determinations made <br /> 9 by the Secretary shall be conclusive. <br /> 10 c. Each calendar year in which, under the terms of this con- <br /> 11 tract, the Association is obligated to make payments on account of <br /> 12 the Association's adjusted indebtedness, the Secretary shall deter- <br /> 13 mine the percentage of the normal returns for said year by which <br /> 3 14 the annual returns for said year exceed or are less than said nor- <br /> 15 mal returns. For each one per cent (1%) or major fraction of one <br /> 16 per cent (1%) of such difference there shall be an increase or <br /> 17 decrease, respectively, for that year of two per cent (2%) in the <br /> 18 amount n£ the annual installments provided by Article 12 hereof. <br /> 19 The amount of the installment due and payable to the United <br /> 20 States under the provisions of this contract for each year shall <br /> 21 be furnished to the Association by the Secretary on or before <br /> 22 December 15 of each year: 'provided, That in no event shall"the <br /> 23 amount of Said payment due and-payable for said year be less'than <br /> 2I fifteen per cent (155) nor more than two hundred per cent (200%) <br /> 25 of the base installment of $60,000.00 <br /> 8 <br /> 83 <br />
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