CT2019-366 Contract

• Contract/PO #: CT2019-366
• Contractor Name: Pueblo Conservancy District
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

B. Loan Expiration Date
The Loan Expiration Date is the date on which this Contract expires. The Loan Expiration
Date is when the term of the loan ends; which is based upon the Loan Effective Date or the
date of CWCB's Notice of Project Substantial Completion of Project.
C. Project Term
The Parties' respective performances of the project under this Contract shall commence on
the Contract Project Performance Beginning Date shown on the Signature and Cover Page
for this Contract and shall terminate on the Contract Project Performance End Date shown
on the Signature and Cover Page for this Contract unless sooner terminated or further
extended in accordance with the terms of this Contract. This project term does not include
the full repayment period for the loan or this Contract.
D. Project Extension Terms- State's Option
The State,at its discretion, shall have the option to extend the Project performance under this
Contract beyond the Project End Date for a period,at the same rates and under the same terms
specified in the Contract(each such period a"Project Extension Term"). In order to exercise
this option, the Borrower shall provide written justification to CWCB and CWCB will
provide written authorization for the Project term extension.
3. AUTHORITY
Authority to enter into this Contract exists in §37-60-119(2),C.R.S., §37-60-120,C.R.S.,and §37-
60-121, C.R.S.
4. PURPOSE
At the September 20, 2017 board meeting, CWCB approved a loan request for the repair of the
levees within the city of Pueblo to bring them up to Federal Emergency Management Agency
(FEMA) standards to provide flood protection to the city.
5. DEFINITIONS
The following terms shall be construed and interpreted as follows:
A. "Appendices" means the following appendices attached to this contract:
i. Appendix 1, Project Summary
i i. Appendix 2, Option Letter
iii. Appendix 3, Promissory Note
iv. Appendix 4, Resolutions or Ordinances
v. Appendix 5, Security Agreement
B. "Base Loan Amount"means the amount disbursed to the Borrower,which does not include
the one percent(1%) loan origination fee.
C. "Contract" means this document, including all attached Appendices, all documents
incorporated by reference, all referenced statutes, rules and cited authorities, and any future
modifications thereto.
D. "Contract Funds"means the funds that have been appropriated,designated,encumbered,or
otherwise made available for payment by the State under this Contract.
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Contract Number:CT2019-366