Laserfiche WebLink
through judicial proceedings to require specific performance of this contract, or by such <br /> other proceedings in law or equity as may be deemed necessary by the State to ensure <br /> compliance with provisions of this contract and the laws and regulations under which <br /> this contract is entered into. <br /> D. The State agrees that it shall: <br /> 1. Loan to the Contractor for the construction of the project an amount not <br /> to exceed Six Hundred Ninety Thousand Four Hundred Twenty-Two Dollars and Fifty <br /> Cents ($690,422.50). Said Six Hundred Ninety Thousand Four Hundred Twenty-Two <br /> Dollars and Fifty Cents ($690,422.50) shall be made available to the Contractor in <br /> accordance with the following terms and conditions: <br /> a. Commencing ten (10) days from the date of this contract and for <br /> ' every month thereafter until said project has been completed, the <br /> Contractor shall prepare, with the assistance of the Consultant referred to <br /> in paragraph 1. above, an estimate of the funds required for project <br /> construction during that month and shall forward said estimate to the <br /> State not less than fifteen (15) days prior to the beginning of such month. <br /> b. Upon receipt and approval by the State of such monthly estimate, <br /> the State will, within forty (40) days from the approval of such estimate, <br /> pay over to the Contractor the amount of the monthly estimate or such <br /> portion thereof as has been approved by the State. <br /> c. Project construction costs eligible for payment by the State shall be <br /> limited to the cost of: <br /> (1) Preparing final desi'ns and specifications for the project. <br /> (2) Preparing bid and construction contract documents. <br /> (3) Preparing environmental assessment or environmental <br /> impact statements, and otherwise complying with the Federal <br /> National Environmental Policy Act. <br /> (4) Complying with all Federal, State, and local regulatory <br /> requirements, including the obtaining of all required permits. <br /> (5) Land and water rights acquisitions needed for the project, <br /> including the necessary appraisals and evaluations. <br /> (6) Fish and wildlife mitigation measures required by Federal, <br /> State, or local laws and regulations. <br /> Page 7 of 12 Pages <br />