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1 <br /> DEPARTMENt ur AGENCY NAME <br /> Water Conservation Board <br /> DEPARTMENT OR AGENCY NUMBER <br /> PDA <br /> ROUTING NUMBER <br /> 9z7/00 5( <br /> $690,442.50 <br /> PROJECT <br /> CONTRACT <br /> and Promissory Note <br /> THIS CONTRACT,made this iy'22(day of _ 1993,by and between the State of Colorado for <br /> the use and benefit of the Department of NATURAL • SO •CES <br /> (COLORADO WATER CONSERVATION BOARD) <br /> hereinafter referred to as the State,and The New Cache la Poudre Irrigating Company, <br /> P.O. Box 104, Lucerne, Colorado 80646, <br /> hereinafter referred to as the contractor/Contractor or Borrower. <br /> WHEREAS,authority exists in the Law and Funds have been budgeted,appropriated and otherwise made available and a <br /> sufficient unencumbered balance thereof remains available for payment in Fund Number 424•Organization YYYY ,Appropriation 77i<",--- <br /> Program <br /> KProgram WTRC ,Object Code 5 7 Contract Encumbrance Number,C./53 Q L.. ;and <br /> WHEREAS,required approval,clearance and coordination have been accomplished from and with appropriate agencies;and <br /> WHEREAS, pursuant to the provisions of Sections 37-60-119 and 37-60-120, <br /> Colorado Revised Statutes, the State is authorized to loan money for the construction <br /> of water projects for the benefit of the people of the State provided that the Contractor <br /> assures repayment of that money; and <br /> WHEREAS, the Contractor is a duly constituted irrigating company and it <br /> wishes to replace its Poudre River diversion structure, hereinafter sometimes called the <br /> project, for the benefit of its stockholders in Larimer and Weld Counties, Colorado, at <br /> an estimated cost of Six Hundred Ninety Thousand Four Hundred Twenty-Two Dollars <br /> and Fifty Cents ($690,422.50); and <br /> WHEREAS, on March 4, 1993, the parties entered into a feasibility report <br /> contract. A feasibility investigation of said project was conducted and the State has <br /> determined that such a project is technically and financially feasible; and <br /> WHEREAS, on _ - 1993, the State and the Contractor entered into <br /> a termination contract, . tac •d hereto as Exhibit A, which terminated the feasibility <br /> report contract previously entered into between the parties, attached hereto as Exhibit <br /> B; and <br /> Page 1 of 12 Pages <br />