C150100 Contract Paid in Full

• Contract/PO #: C150100
• Contractor Name: East Dillon Water District
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

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d. take any other appropriate action.
The CWCB shall provide written notice to the BORROWER of any such default and shall
give the BORROWER an opportunity to cure within thirty (30) days of receipt of such
notice. All remedies described herein may be simultaneously or selectively and
successively enforced. The CWCB may enforce the provisions of this contract at its
option without regard to prior waivers of previous defaults by the BORROWER, through
judicial proceedings to require specific performance of this contract, or by such other
proceedings in law or equity as may be deemed necessary by the CWCB to ensure
compliance with provisions of this contract and the laws and regulations under which
this contract is executed. The CWCB's exercise of any or all of the remedies described
herein shall not relieve the BORROWER of any of its duties and obligations under this
contract.
12. OPERATION OF PROJECT. The BORROWER shall, without expense or legal liability to the
CWCB, manage, operate and maintain the PROJECT continuously in an efficient and
economical manner.
13. BORROWER'S Liability Insurance.
a. Upon execution of this contract and continuing until complete repayment of the loan
is made to the CWCB, the BORROWER shall maintain commercial general liability
insurance with a company that is satisfactory to the CWCB with minimum limits of
$1,000,000 combined single limit for each occurrence and $2,000,000 general
aggregate, including products/completed operations and personal injury.
b. Prior to the disbursement of any loan funds, the BORROWER shall provide the CWCB
with an Acord Form 27 evidencing said insurance and shall provide the CWCB with
documentation of renewals of said insurance.
c. If the BORROWER is a "public entity" within the meaning of the Colorado
Governmental Immunity Act, CRS 24-10-101, et seq., as amended ("Act"), the
BORROWER shall at all times maintain such liability insurance, by commercial policy
or self-insurance, as is necessary to meet its liabilities under the Act. Upon request
by the STATE, the BORROWER shall provide proof of such insurance.
14. Additional Contract Requirements. Any additional co it t equirements are set
forth in Additional Contract Requirement (Sectio • h j t Summary.
B. PROJECT PROVISIONS
1. Construction Fund Program Procedure- . s i • t Alt -p " tl, o he PROJECT, the
BORROWER shall adhere to the CWCB Con Fu • ' )g ures (Section
7) of the Project Summary.
2. Eligible Expenses. Listed in Eligible Expenses (Section 8) of the Project Summary,
are the PROJECT expenses for which the BORROWER is eligible for loan disbursements.
3. Loan Disbursements. The CWCB shall disburse loan funds in accordance with the
Disbursement Schedule (Section 9) of the Project Summary.
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