C153639L PIF

• Contract/PO #: C153639L
• Contractor Name: The New Cache La Poudre Irrigation Company
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

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2 . Three (3) copies of the final report called for in this
contract shall be furnished to the State not later than Ninety
(90) days after the date of this contract, unless such time is
extended by mutual agreement of the parties hereto in writing.
3 . As compensation for the services of the Contractor, the
State shall pay to the Contractor the sum of Nine Thousand Five
Hundred Seventy-Seven Dollars and Fifty Cents ($9, 577.50)
in the manner following:
a. Sixty percent (60%) , to wit, Five Thousand Seven Hundred
Forty-Six Dollars and Fifty Cents ($5,746. 50) of the total
amount due in two (2) monthly installments of Two Thousand
Eight Hundred Seventy-Three Dollars and Twenty-Five Cents
($2,873 .25) each, commencing thirty (30) days after the date
of this contract.
b. The remaining forty percent (40%) , to wit, Three
Thousand Eight Hundred Thirty One Dollars ($3 , 831) within
forty (40) days following receipt and acceptance of the
written report specified in paragraph 2. of this contract.
4. The total cost of services to be rendered for the
Contractor by the Consultant is Nineteen Thousand One Hundred
Fifty-Five Dollars ($19, 155) and the Contractor shall pay the
sum of Nine Thousand Five Hundred Seventy-Seven Dollars and
Fifty Cents (9, 577.50) as agreed to by letter dated November 4,
1992, which is hereby attached and made a part of this contract
as Appendix B; and in no event shall this payment be the
liability of the State of Colorado.
5. In consideration of the State assuming a portion of the
cost of the preparation of the said project feasibility report,
the Contractor shall pay to the State the sum of Twelve Thousand
Four Hundred Three Dollars ($12, 403) provided that construction
of the subject water project is initiated within ten (10) years
of the date of this contract. The Contractor shall fulfill this
obligation irrespective of how or by whom or to what
specifications or plans the subject project is financed, paid,
or constructed for so long as construction of the project is
initiated within the specified time.
6. In the event the Contractor must make payment pursuant
to the terms of paragraph 5. above, then the said sum of Twelve
Thousand Four Hundred Three Dollars ($12 , 403) shall be payable
in ten (10) equal yearly installments of One Thousand Two
Hundred Forty Dollars and Thirty Cents ($1, 240. 30) each, the
first installment to be due and payable upon the January 1st
next succeeding the initiation of construction on the said water
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