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<br />PDA
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<br />PP.OJP.CT CONTRACT
<br />O?17~1')
<br />"'~"\oJ ;J l)
<br />....JL <~' .
<br />TILlS CONTRACT made this l>L_.__--day ot -~ ~~t'~f:b_____, 1991,
<br />by anti between the ~;TAl'E o!.' C()I,ORADO fo~ tI use ann benefit of
<br />L!le DI':PI\lnMI~NT or Nf\TUHM. EI':SOURCES (COLOR^OO WATER CONSEHVATIOrl
<br />BOARD:, hereinaftE.'l- r~h..'...r~d to as "th~ State," and TilE LOOKOUT
<br />MOUNTAIN WATER DIS'rl~ICT, Post Office Aox B008, El (tancho Branch,
<br />Golden, CoLorado (10401, hereinafter referred to as lithe
<br />Contractor or narrower."
<br />
<br />$600,000
<br />
<br />WIIEHCAS, authority exists in the taw and funds have been
<br />budgeted, appropriated and otherwise made available and a
<br />suff.h:ient unencumbered balance ttleceo( rCfl\ains. available for
<br />paymcnt in fund Number 462, Appro. 0061 Org. Unit, YY'fY, Pro<]t"am
<br />WTHC, Contract EncurnbrJllce No. J:...o-L53..5...51Z____; and
<br />
<br />WHI~REAS, t"equ i red approval, cleacance and coord i na t ion has
<br />heen accomplished from and with appt"opriate agencies; and
<br />
<br />WIH~REAS, pursuant to the provisions of 37-60-119 and
<br />36-60-120, Colorado Revised Statutes, the State is auLhori;..:ed to
<br />loan m{)ney for tile construction of water proJccts for the benefit
<br />or: the people of the Stelte proviJed that the Contractor dS5urr:.'i
<br />repaym~llt of that money; ilnrt
<br />
<br />WIH;I~eAS, the Contractor is a duly constituted Special
<br />Oifitricl i.n the State I)f Colorado and it \'I'ishes to modify its
<br />Upper. nCdvcr Brook n~m and I~escrvoir '3A, l1et:'cinaftct:' sorntirncH
<br />called "the ProJect," Jar the benefit ()E the Lookout Mount.lin
<br />Welter District, located in Jefferson County, Colorado, at an
<br />estllnate,i Cl)st of $1,200,000.00; and
<br />
<br />WtJERF:AS, the SLlte now desires by Lhis ProJect Contract L0
<br />loan money (or the construction of said Project upon mutually
<br />ogre~ab le terms and condi t ions, subject to the avai labi 1 i ty of
<br />f.unding for that purpoeo; and
<br />
<br />Wfll~R~AS, pursuant to Colorado Revised Statutes
<br />32-1-11,01 (l)(d), tile contractor has authority to contract to
<br />hon:'.)\I' m'Jney by issuing its water revenue bond provided tiltH a
<br />resolutiofl be duly passed IJY tile noar<l uf Directors and pursuant
<br />to e'-,lnrddo Revised Statutes 32-1-100lll)(J) and 32-l-100G, to
<br />impose watet" rateR dnd chdrges assuring repayment to the State
<br />according ll) the te~mR of the Contract; and
<br />
<br />\"IH~RE:AS, pursuant to section 1 of charter 32, Session Laws
<br />of Colorado 1987, as amended by lIB 91-1006, the State has been
<br />autllorizerl to loan $600,000.00 for construction of tile ProJect.
<br />
<br />tlDW, THEREFORE, in consideration of the mutuaL ao,1 dependent
<br />covenants herein contained, it is agreed by the pacties hereto an
<br />follows:
<br />
<br />A. The Contractor agrees that it has or shall:
<br />
<br />1. Employ an engineering firm (hereinafter refecred lo as
<br />"the Consultant") to prepare project plans and specifications for
<br />the ProJect. Both the Consultflnt an,d the Project plans und
<br />specifications must be appnwed in writing by the Stdt~ hefort:!
<br />constt"uction of the Project can commen..::p.. For purposos of thi.s
<br />paragraph, "constnJction" inCludes any real €state ami water
<br />rights acquisitions.
<br />
<br />2. Contract for the Construct ion of said Project to a
<br />responsible and capable firm or (irms ~hereinafter referred to as
<br />"Construction Firm or Firms"), which Construction Firms shall be
<br />selected by the Contractor thcough competitive public bidding.
<br />The Stat.e must approve in writing all contracts before they Cdn
<br />become effective.
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<br />Page 1 of 9 Pages
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