|
• •41 [oo
<br /> Form 6-AC-02A • DEPAR .,ANT OR AGENCY N MBER
<br /> 34-04-00
<br /> CONTRACT ROUTING NUMBER
<br /> i
<br /> PROJECT $125,000
<br /> CONTRACT
<br /> THIS CONTRACT, made this 1st day of August 1985 /by and between the
<br /> State of Colorado for the use and benefit of the Department of "t Natural Resources
<br /> (Colorado Water Conservation Board) ,
<br /> hereinafter referred to as the State, and *2 Beaver Park Water Inc . ,
<br /> Box 286 , Penrose, CO 81240 ,
<br /> hereinafter referred to as the contractor or the Borrower.
<br /> WHEREAS, authority exists in the Law and Funds have been budgeted, appropriated and otherwise made
<br /> available and a sufficient unencumbered balance thereof remains available for xayment in Fund Number 4008 ,
<br /> G/L Account Number 5304X, Contract Encumbrance Number riN34,� and
<br /> ABL Account Number 13040 , Org. Unit 77-77-777 ,
<br /> WHEREAS, required approval, clearance and coordination has been accomplished from and with appropriate
<br /> agencies; and
<br /> WHEREAS, pursuant to the provisions of 37-60-119, Colorado
<br /> Revised Statutes, the State is authorized to loan money for the
<br /> construction of water projects for the benefit of the people of
<br /> the State; and
<br /> WHEREAS, the Borrower is a mutual ditch company in the
<br /> State of Colorado and wishes to repair or cause to be repaired,
<br /> its irrigation system, hereinafter called the project, for the
<br /> Beaver Park Water Inc. shareholders in Fremont County,
<br /> Colorado, at an estimated cost of Two Hundred Fifty Thousand
<br /> Dollars ( $250,000) ; and
<br /> WHEREAS, a feasibility investigation of said project was
<br /> conducted and it was found that such a project is technically
<br /> and financially feasible; and
<br /> WHEREAS, the State has now agreed to loan money for the
<br /> construction of said project upon mutually agreeable terms and
<br /> conditions, subject to the availability of funding for that
<br /> purpose; and
<br /> WHEREAS, pursuant to House Bill No. 1042, Fifty-Fifth
<br /> General Assembly of the State of Colorado, duly enacted into
<br /> law, the Colorado Water Conservation Board has been authorized
<br /> to loan a sum not to exceed One Hundred Twenty q�usand
<br /> Dollars ( $125, 000) for construction of the p% " , ;
<br /> NOW THEREFORE, in consideration of ,the mutual an.
<br /> dependent covenants herein contained, it&.. i r� the
<br /> parties hereto as follows: ' # "' j' �� t:
<br /> A. The Borrower agrees that it shall :
<br /> 1. Employ an engineering firm to prepare project plans
<br /> and specifications for the project. Both the engineering firm
<br /> and the project plans and specifications must be approved by
<br /> the State before initiation of construction on the project,
<br /> including any real estate and water rights acquisitions, can
<br /> commence.
<br /> 2. Contract for the construction of said project to a
<br /> responsible and capable firm or firms (hereinafter referred to
<br /> as Construction Firm or Firms) , which Construction Firms shall,
<br /> when required by the State, be selected through competitive
<br /> public bidding, said project to be completed within two (2)
<br /> years of the date of this contract in accordance with the
<br /> project plans and specifications and any necessary modification
<br /> thereof approved by the State. The State must approve, in
<br /> writing, all contracts before they can become effective . The
<br /> above-specified time may be extended by the State if such time
<br /> is insufficient because of acts of God or other acts or
<br /> circumstances beyond the control of the Borrower.
<br /> 39553'01-1014 Page 1 of 8 pages 10 2
<br /> *(See instructions on reverse of last page.)
<br /> beav/p
<br /> /
<br />
|