CT2019-3687 Contract

• Contract/PO #: CT2019-3687
• Contractor Name: Central Colorado Water Conservancy District, Groundwater Management Subdistrict
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

Section 6—Loan Security
The Security for this loan, as evidenced by the executed Security Agreement(Appendix 5)and
incorporated herein, shall be an irrevocable(but not exclusive)pledge,to the CWCB, of the ad valorem
property tax mill levy approved at the November 2018 election in such amount as is necessary to make
each annual payment due under this Contract. All Loan Security shall be in accordance with CWCB
Policy No. 5.
Section 7—Additional Conditions and Requirements
None.
Section 8—"Construction Fund Program"Procedures for Projects
A. The Borrower shall employ an engineer, registered in the State of Colorado to prepare plans and
specifications for the Project.
B. Engineering contracts and the plans and specifications must be submitted to the CWCB staff for verification
of compliance with the terms of this Contract when available prior to bidding. Any modifications, to the
plans and specifications that effect changes to the construction costs must be approved in writing by CWCB.
C. For plans and specifications for all jurisdictional dams and reservoirs,as defined by
§37-87-105 C.R.S.,the Borrower shall provide a letter of approval from the State Engineer's Office prior to
construction.
D. The Borrower shall notify CWCB of the bid opening date, time and location. CWCB staff may elect to
attend the bid opening.
E. The Borrower shall contract for the construction of the work with responsible and capable Construction
Firms,selected by the Borrower and found acceptable by the CWCB staff. CWCB must approve the award
of the construction contract.
F. The Borrower must provide a copy of the following construction contract documents:executed contractor's
proposal, executed construction contract, executed performance bond, executed payment bond, executed
notice of award, proposed notice to proceed, sample change order, and sample field order, as well as the
advertisement for bid. After the CWCB staff verifies that these documents comply with the terms of this
Contract,the Borrower may issue the notice to proceed to the Construction Firms.
G. The Borrower shall conduct a pre-construction conference at which time the CWCB staff shall have the
opportunity to review and approve the construction schedule.
H. If the CWCB staff determines that the Project requires a resident inspector during construction,the Borrower
shall employ an inspector who has been approved by the CWCB staff.
I. The Borrower shall construct the Project in accordance with the approved plans and specifications.
J. Upon completion of the Project construction,the Borrower shall provide as-built drawings of the Project to
the CWCB staff,or, if required by §37-87-105,C.R.S.,the Borrower shall provide the
as-built drawings to the State Engineer's Office for approval and filing.
K. Upon completion of the Project construction, the Borrower shall arrange a final inspection for the CWCB
staff.
L. The Borrower shall pay all of the expenses related to the Project when such bills are due.
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Contract Number:CT2019-3687
Appendix 1