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 9—Eligible Expenses
The Borrower shall initiate disbursement requests by invoice to CWCB,in a form and manner approved by CWCB.
No disbursements will be made prior to the execution of this Contract by the State. The following items are eligible
for loan disbursements:
A. Engineering associated with the feasibility report prepared as a requirement for this loan.
B. Preparing final designs and specifications for the Project.
C. Preparing bid and construction contract documents.
D. Preparing environmental assessment or environmental impact statements, and otherwise complying with
the Federal National Environmental Policy Act.
E. Complying with all federal,state,and local regulatory requirements, including the obtaining of all required
permits.
F. Fish and wildlife mitigation measures required by federal, state,or local laws and regulations.
G. Actual construction as called for in the design documents and in change orders approved by the CWCB and
the Borrower.
H. Engineering services for construction management, including design and construction management for
CWCB approved change orders.
I. Interest during completion of the Project pursuant to Section 10.,of the Contract.
J. Legal services for reviewing engineering services contracts,reviewing this Contract,reviewing construction
contract documents,and for complying with all federal,state,and local regulatory requirements.
Project related expenses incurred prior to the Effective Date of this Contract in accordance with the approval of
this loan.
Section 10—Disbursement Schedule
For Project expenses: The Borrower shall prepare a periodic progress report that sets forth a statement of
the Project costs expended for that period and shall forward said statement to the CWCB. After receipt of
the periodic progress report from the Borrower, and review and acceptance of the items therein as eligible
expenses,as described above,the CWCB will pay to the Borrower the amount set forth in the report or such
portion as has been approved by the CWCB. Such payment shall be made within thirty(30)days from the
CWCB's approval of each progress report.
Section 11 —Time for Performance
Project To Begin: Loan Effective Date.
Project To End: Five(5)years from the Effective Date of this Contract or based upon the date stated
within the CWCB Notice of Project Substantial Completion.
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Contract Number:CT2019-3687
Appendix 1