PROJ00027

• Contract/PO #: C153317
• Contractor Name: Limon, Town of
• Contract Type: Loan
• Water District: 67
• County: lincoln
• Bill Number: SB 78-69
• Loan Projects - Doc Type: Contract Documents

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DEP;;; '~NT OR AGENCY NUMlll::R
J4-00
CONTRA ROUTING ~~UMBER
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$450,000

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CONTRACT

THIS CONTRACT, made thjs 1 ~r day of ~ppr-pmhp-r
Slate tlf Colorado fur the use and bencfit of thc Dcpilrtmclll Of"l H<itllral
(Colorado Water Cortservation Board)
hereinafter rcfem:d 10 as thc StatC, and '2 -.the Town af T j man.
POBox 8, T,imoT1.. Colorado 80828
hereinaftcr rcCerred to as the contractor.

197.9., by and betwecn the
ReRourceS

WIIEUEAS, 1I111hurity exi:.t~ ill the l,.;.w alld FUllos hal/e been budJ;cleo, apl1rupriatcJ Ilno ulherwj~e made
ul/,.ilable and a sufficient unencurnbered balancc thereof remains available for payment in Fund Number 400R
G/L. Account Number/Y7i'.6t;colltracl Encumbrance Numbea<" / \~ '''}'7: and

WIIEREAS, rl'quin::d OIllPftll/al, dC;lr:lllCC "nd coun.limlLiull has been accumplished from and with :lllprullrialc
<lgcllcies; and

WHEREAS, ., pursuant to Title 37, Article 60, Colorado Revised
Statutes 1973, as amended, the State, through the Colorado Water
Conservation Board, may construct water resource projects and make
the waters available therefrom to the residents of the State of
Colorado upon conditions to be determined by the Colorado Water
Conservation Board; and

~iEREAS, the Contractor is a duly cOQstituted incorporated town
of the State of-Colorado and wishes to undertake construction of a
domestic water system hereinafter called the project, for the Limon
community in Lincoln County, Colorado, at an estimated cost of One
Million Two Hundred 'thirty Thousand Dollars ($1,230,000); and

WHEREAS, a feasibility investigation of said project was
conducted and it was found that such a project is economically
feasible; and

WHEREAS, the State, through the Colorado Water Conservation Board,
has agreed to construct said project and to sell the same to the Con-
tractor upon mutually agreeable terms and conditions, subject to the
approval of appropriations for that purpose by the Colorado General
Assembly and the Governor of the State of Colorado; and

WHEREAS, pursuant to Senate Bill No. 69, Fifty-Second General
Assembly of the State of Colorado, duly enacted by the Colorado
General Assembly and approved by the Governor of the State of Colorado,
there was appropriated to the Colorado Water Conservation Board the
sum of Eight Hundred Thirty-One Thousand Dollars ($831,000) for con-
struction of the Limon Project; and

WHEREAS, the Contractor has available from its O~l sources and
from a grant and loa~ approved by the Farmers Home Administration
sufficient funds to construct the remainder of the project;

NOW THEREFORE, in consideration of the mutual and dependent
covenants herein concained, it is agreed by the parties hereto as
follows:

A. The Contractor agrees that he will:

1. Cause the co~struction of said project to be completed within
two (2) years of the date of this contract in accordance with the project
plans and specificat~ons and any necessary modification thereof approved
by the State. No payments will be made under this contract until the
project plans and,specifications are approved by the State. The above-
mentioned time may be extended by the State if such time is insufficient
because of acts of God or other acts or circumstances beyond the control

of the Contractor. Pa~c I of~pafl,cs
*(Scc in~lruction~ un r\:vl:r~ of b.~t piSCo)

EXHIBIT uN'