C-153757 PIF

• Contract/PO #: C-153757
• Contractor Name: Decker Lateral Company, The
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

Small Project Loan Account to the BORROWER in an amount not to exceed $100,000 at an
interest rate of 4.25% per annum for a term of thirty years.
10. The STATE now desires, by this contract, to loan money to the BORROWER for this PROJECT
upon mutually agreeable terms and conditions.
NOW THEREFORE, in consideration of the mutual and dependent covenants contained,
the parties agree as follows:
A. The BORROWER agrees as follows:
1. Construction Fund Program Procedures. The following items are procedures the
BORROWER shall follow during the construction phase of the PROJECT rehabilitation.
a. The BORROWER shall employ an engineer, registered in the State of Colorado, hereinafter
referred to as the CONSULTANT, to prepare plans and specifications for the PROJECT.
b. The agreement between the BORROWER and the CONSULTANT and the plans and
specifications must be submitted to the CWCB staff for verification of compliance with the
terms of this contract prior to bid opening. Any modifications to the plans and
specifications must be approved in writing by the CWCB staff.
c. For plans and specifications for all jurisdictional dams and reservoirs, as defined by § 37-
87-105 C.R.S. (1990), the BORROWER shall provide a letter of approval from the State
Engineer's Office prior to construction.
d. CWCB staff must be present at bid opening and must approve the award of the
construction contract.
FULL.
e. The BORROWER shall contract for the MIDI elf the work with responsible and
capable firms, hereinafter referred to as CONSTRUCTION FIRMS, which CONSTRUCTION
FIRMS shall be selected by the BORROWER and found acceptable by the CWCB staff
before work under this contract begins.
f. The BORROWER must provide a copy of the executed construction contract documents
consisting of the advertisement for bid, contractor's proposal, construction contract, bid
bond, notice of award, notice to proceed, sample change order, and sample field order.
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
The Decker Lateral Company Page 2 of 14 Loan Contract