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C153333 PIF
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C153333 PIF
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Last modified
6/15/2018 10:46:57 AM
Creation date
6/15/2018 10:46:42 AM
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Loan Projects
Contract/PO #
C153333
Contractor Name
Beaver Park Water, Inc.
Contract Type
Loan
Loan Projects - Doc Type
Repayment Information
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(b) Upon receipt and approval by the State of such monthly estimate, <br /> the State will, within forty (40) days from the receipt 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 /> 2. Assist the Contractor with such technical assistance as the State deems <br /> appropriate in planning, constructing, and operating the project and •in coordinating <br /> the project with local official comprehensive plans for sewer and water and with any <br /> state or area plans for the area in which the project is located. <br /> 3. In its sole discretion, the State may at any time give any consent, <br /> deferment, subordination, release, satisfaction, or termination of any or all of <br /> the Contractor's obligations under this agreement, with or without valuable con- <br /> sideration, upon such terms and conditions as the State may determine to be (a) <br /> advisable to further the purposes of this contract or to protect the State's <br /> financial interest therein, and (b) consistent with both the statutory purposes <br /> of this contract and the limitations of the statutory authority under which it <br /> is made. <br /> 4. Upon completion of the payment of the full purchase price to the State <br /> in the sum of Six Hundred Five Thousand Six Hundred Forty Dollars ($605,640) as <br /> set forth in paragraph A.9. of this contract, to convey to the Contractor all of <br /> the State's right, title, and interest in and to the project by deed or other proper <br /> conveyance. <br /> VV. lor 1r <br /> Page 3 of 5 Pages <br /> 9 <br />
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