C153501 PIF

• Contract/PO #: C153501
• Contractor Name: Beaver Park Water, Inc.
• Contract Type: Loan
• Loan Projects - Doc Type: Repayment Information

•
D. This contract is not assignable by the Contractor except
with written approval of the State .
E. The parties to this contract intend that the relationship
between them contemplated by this contract is that of
lender-borrower , not employer-employee . No agent , employee, or
servant of the Contractor shall be or shall be deemed to be an
employee, agent , or servant of the State . The Contractor will
be solely and entirely responsible for its acts and the acts of
its agents , employees , servants , engineering firms ,
Construction Firms , and subcontractors during the performance
of this contract .
F . At all times during the performance of this contract , the
Contractor shall strictly adhere to all applicable federal and
state laws that have been or may hereafter be established .
G . This agreement is intended as the complete integration of
all understandings between the parties . No prior or
contemporaneous addition, deletion, or other amendment hereto
shall have any force or effect whatsoever unless embodied
herein in writing . No subsequent novation, renewal , addition,
deletion, or other amendment hereto shall have any force or
effect unless embodied in a written contract executed and
approved pursuant to the State fiscal rules .
H. In its sole discretion, the State may at any time give any
consent , deferment , subordination, release , satisfaction, or
termination of any or all of the Contractor ' s obligations under
this agreement , with or without valuable consideration, upon
such terms and conditions as the State may determine to be (a )
advisable to further the purposes of this contract or to
protect the State ' s financial interest therein , and (b)
consistent with both the statutory purposes
r. t 4 X' s : o act
and the limitations of the statutory author:i ' w i it
is made .
I . Upon completion of the repayment to 'thoi, t_alr hyr s of
Two Hundred Ninety-One Thousand Four Hundri�c�F'yDo1 ° r :7
($291 , 400) , as set forth int
paragraph A. 11:: df
the State agrees to convey to the Contractor all of the State ' s
right , title, and interest in and to the project and any other
property described in paragraph A. S . by deed or other proper
conveyance .
J . The Colorado Water Conservation Board , its agents and
employees , is hereby designated as the agent of the State for
the purpose of this contract .
K. All notices , correspondence , or other documents required
by this contract shall be delivered or mailed to the following
addresses :
(a) For the State (b) For the Contractor
Mr . J . William McDonald , Director Beaver Park Water , Inc .
Colorado Water Conservation Board Box 286
721 State Centennial Building Penrose, CO 81240
1313 Sherman Street Attn : Viola Carter
Denver , CO 80203 Secretary to the
Attn: Nick Ioannides Board of Directors
•
Page 5. of 7 Pages