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• <br /> b. Upon receipt and approval by the State of such <br /> monthly estimate, the State will, within forty (40) <br /> days from the receipt of such estimate, pay over to <br /> the Borrower the amount of the monthly estimate or <br /> such portion thereof as has been approved by the <br /> State. <br /> c. No payments will be made under this contract <br /> until the project plans and specifications referred <br /> to in paragraph A. 1. above are approved by the State. <br /> 2. Provide the Borrower with such technical assistance as <br /> the State deems appropriate in planning, constructing, and <br /> operating the project and in coordinating the project with <br /> local official comprehensive plans for sewer and water and with <br /> any State or area plans for the area in which the project is <br /> located. <br /> D. This contract is not assignable by the Borrower except <br /> with written approval of the State. <br /> E. The parties to this contract intend that the relationship <br /> between them contemplated by this contract is that of <br /> lender-borrower, not employer-employee. No agent, employee, or <br /> servant of the Borrower shall be or shall be deemed to be an <br /> employee, agent, or servant of the State. The Borrower will be <br /> solely and entirely responsible for its acts and the acts of <br /> its agents, employees, servants, engineering firms, <br /> Construction Firms, and subcontractors during the performance <br /> of this contract. <br /> F. At all times during the performance of this contract, the <br /> Borrower shall strictly adhere to all applicable federal and <br /> state laws that have been or may hereafter be established. <br /> G. This agreement is intended as the complet= ' t . ritt$o of <br /> all understandings between the parties . No pr'`' .hip ` I <br /> contemporaneous addition, deletion, or of er amendment hereto <br /> shall have any force or effect whatsoever 4#11S embf ' ed <br /> herein in writing. No subsequent novatior_xrew4 d i;,io <br /> deletion, or other amendment hereto shall- e' ar o c c$r t ' , <br /> effect unless embodied in a written contract executed nd"`"`-..:_- • <br /> approved pursuant to the State fiscal rules . <br /> H. In its sole discretion, the State may at any time give any <br /> consent, deferment, subordination, release, satisfaction, or <br /> termination of any or all of the Borrower ' s obligations under <br /> this agreement, with or without valuable consideration, upon <br /> such terms and conditions as the State may determine to be (a) <br /> advisable to further the purposes of this contract or to <br /> protect the State ' s financial interest therein, and (b) <br /> consistent with both the statutory purposes of this contract <br /> and the limitations of the statutory authority under which it <br /> is made. <br /> I . Upon completion of the repayment to the State in the sum <br /> of Two Hundred Ninety-One Thousand Four Hundred Dollars <br /> ( $291, 400) , as set forth in paragraph A. 11 . of this contract, <br /> the State agrees to convey to the Borrower all of the State ' s <br /> right, title, and interest in and to the project and any other <br /> property described in paragraph A. 5 . by deed or other proper <br /> conveyance. <br /> J. The Colorado Water Conservation Board, its agents and <br /> employees, is hereby designated as the agent of the State for <br /> the purpose of this contract. <br /> K. No money will be made available from this contract unless <br /> an equal amount is cost-shared by the Borrower. <br /> Page 5 of 8 Pages <br />