C-153757 PIF

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

local regulatory requirements. Legal services must be approved by the STATE in writing
and in advance to be eligible for financing by the STATE.
6. STATE May Release Contract. In its sole discretion, the STATE may at any time give any
consent, deferment, subordination, release, satisfaction, or termination of any or all of the
BORROWER'S obligations under this contract, with valuable consideration, upon such terms
and conditions as the STATE may determine to be advisable to further the purposes of this
contract or to protect the STATE'S financial interest therein, and consistent with both the
statutory purposes of this contract and the limitations of the statutory authority under which it
is made.
7. Casualty And Eminent Domain. If, at any time, during the term of this contract, (a) the
BORROWER'S PROJECT facilities and/or property pledged as collateral for this loan, including
buildings or any portion thereof, are damaged or destroyed, in whole or in part, by fire or
other casualty, or (b) title to or use of the PROJECT facilities or any part thereof shall be taken
under the exercise of the power of eminent domain, the BORROWER shall cause the net
proceeds of any insurance claim or condemnation award to be applied to the prompt
replacement, repair and restoration of the PROJECT facilities or any portion thereof. Any net
proceeds remaining after such work has been completed shall be paid to the BORROWER. If
the net proceeds are insufficient to pay the full cost of the replacement, repair and
restoration, the BORROWER shall complete the work and pay any cost in excess of the net
proceeds.
8. Captions. The captions and headings contained in this contract are for convenience and
reference only and shall not be construed so as to define or limit the terms or provisions
contracted herein.
Bak9. STATE'S Approval. This contract requires r oans, specifications, and
various other technical and legal documents. e TATE'S review of these documents is only
for the purpose of verifying BORROWER'S compliance with this contract and shall not be
construed or interpreted as a technical review or approval of the actual design or construction
of the PROJECT rehabilitation. Notwithstanding any consents or approvals given to the
BORROWER by the STATE on any such documents, BORROWER and its CONSULTANT, by
preparing any such documents, shall be solely responsible for the accuracy and
completeness of any of said documents.
10. Waiver. The waiver of any breach of a term of this contract shall not be construed as a
waiver of any other term, or of any subsequent breach of the same term.
11. Addresses for mailing. All notices, correspondence, or other documents required by this
contract shall be delivered or mailed to the following addresses:
For the STATE: For the BORROWER:
Colorado Water Conservation Board The Decker Lateral Company
Attn.: Construction Fund Section 30896 WCR 57
1313 Sherman Street, Room 721 Gill, CO 80624
Denver, CO 80203
The Decker Lateral Company Page 10 of 14 Loan Contract