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SECTION 7 —ADDITIONAL CONTRACT REQUIREMENTS <br /> No additional Board requirements. <br /> SECTION 8 — CONSTRUCTION FUND PROGRAM PROCEDURES <br /> A. The BORROWER shall employ an engineer, registered in the state of Colorado to prepare <br /> plans and specifications for the PROJECT. <br /> B. The BORROWER'S and the Engineering Consultant's Agreements and the plans and <br /> specifications must be submitted to the CWCB staff for verification of compliance with <br /> the terms of this Contract when available prior to bidding. Any modifications to the plans <br /> and specifications must be approved in writing by the CWCB staff. <br /> C. For plans and specifications for all jurisdictional dams and reservoirs, as defined by § <br /> 37-87-105 C.R.S., the BORROWER shall provide a letter of approval from the State <br /> Engineer's Office prior to construction. <br /> D. CWCB staff must be present at bid opening and must approve the award of the <br /> construction contract. <br /> E. The BORROWER shall contract for the construction of the work with responsible and <br /> capable Construction Firms, which said Construction Firms shall be selected by the <br /> BORROWER and found acceptable by the CWCB staff. <br /> F. The BORROWER must provide a copy of the executed construction contract documents <br /> consisting of the contractor's proposal, construction contract, performance bond, <br /> payment bond, notice of award, notice to proceed, sample change order, and sample <br /> field order, as well as the advertisement for bid and bid bond at bidding. After the <br /> CWCB staff verifies that these documents comply with the terms of this contract, the <br /> BORROWER may issue the notice to proceed to the Construction Firms. <br /> G. The BORROWER shall conduct a pre-construction conference at which time the CWCE3 <br /> staff shall have the opportunity to review and approve the construction schedule. <br /> H. If the CWCB staff determines that the PROJECT requires a resident inspector during <br /> construction, the BORROWER shall employ an inspector who has been approved by the <br /> CWCB staff. <br /> I. The BORROWER shall construct the PROJECT in accordance with the approved plans and <br /> specifications. <br /> !`'4'7": <br /> J. Upon completion of the PROJECT construction, the BORRdWER shallprovide as-built <br /> drawings of the PROJECT to the CWCB staff, or, if required by § 37-87-105, C.R.S., the <br /> BORROWER shall provide the as-built drawings to the State Engineer's Office for approval <br /> and filing. <br /> K. Upon completion of the PROJECT construction, the BORROWER shall arrange a final <br /> inspection for the CWCB staff. <br /> L. The BORROWER shall pay all of the expenses related to the PROJECT when such bills are <br /> due. <br /> SECTION 9 — ELIGIBLE EXPENSES. The following items are eligible for loan disbursements. <br /> A. Preparing final designs and specifications for the PROJECT. <br /> B. Preparing bid and construction contract documents. <br /> C. Preparing environmental assessment or environmental impact statements, and <br /> otherwise complying with the Federal National Environmental Policy Act. <br /> Page 2 of 3 <br />