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PROJ00063
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Last modified
11/19/2009 11:43:05 AM
Creation date
10/5/2006 11:33:45 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C153533
Contractor Name
Santa Maria Reservoir Company
Contract Type
Loan
Water District
0
County
Hinsdale
Bill Number
SB 88-30
Loan Projects - Doc Type
Contract Documents
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<br />TjJe sta~e shall loan Thirty-Three ~_ousand Six HundreJ <br />Dollars (533.600) to accommodate the Cc'ntractor's lack of cash <br />funds. Such lo.n shall be repaid in total over ten (10) years <br />at five percent (5\) interest per annum, irrespective of the <br />findings of the feasibility report. The total amount to be <br />repaid is Fourty-Three Thousand Five Hundred Twelve Dollars <br />($43.512) and snaIl be payable in (10) equal yearly <br />installments of Four Thousand Three Hundred Fifty-One Dollars <br />and Twenty Cent$ ($4.351.20) each. the first installment to be <br />due and payable upon the January 1st next succeeding the <br />receip~ and accep~ance of the feasibility report on the said <br />project. SUbsequent payments shall be due and payable on' <br />January 1st of each year thereafter. <br /> <br />S. In consideration of the State also assuming the other <br />fifty percent (~O\) of the cost of the preparation of the said <br />project feasibility report. the Contractor shall pay to the <br />State the sum ot Forty Three Thousand Five Hundred Twelve <br />Dollars ($43.512) provided that construction of the subject <br />project is initiated within ten (10) years of the date of this <br />contract. The C~actor shall fulfill this Obligation . <br />irrespective of how or by whom or to what specifications or <br />plans the subject project is financed. paid. or' constructed for <br />so long as cons~ruction of the project is initiated within the <br />specified time. <br /> <br />6. In the event the Contractor must make payment pursuant <br />to the terms of paragraph 5. above. then the said sum of <br />Forty-Three Thousand Five Hundred Twelve Dollars ($43.512) <br />shall be payable in ten (10) equal yearly installments of Four <br />Thousand Three aundred Fifty-One Dollars and Twenty Cents <br />($4.351.20) each, the first installment to be due and payable <br />upon the January 1st next succeeding the initiation of <br />construction on the said project. Subseguent payments shall be <br />due and payable an January 1st of each year thereafter. <br /> <br />7~ This contract is personal in nature and assignmen~ of <br />performance by ~he Contrac~or to another is prohibited unless <br />prior approval in writing is granted by the State. <br /> <br />8. The Contractor is an independent contracto~ and as sueh <br />is not entitled to any benefits of the State personnel $ystem~ <br /> <br />9. The original contract price stated in paragraph 4. and <br />any additions thereto shall be adjusted to exclude any <br />significant sums by which the State determines the contract <br />price increased due to inaccurate. incomplete. or noncurrent <br />wage rates and other factual unit costs. All such contract <br />adjustments shall-be made within one (1) year following the ~nd <br />of the contract. <br /> <br />10. The Contractor warrants that he has not employed or <br />retained any company or person. other than a bona fide employee <br />working solely for him. to solicit or secure this contract and <br />that he has not paid or agreed to pay any person. company. <br />corporation. individual. or firm. other than a bona fide <br />employee working solely for him. any fee. commission. <br />percentage. gift. or other consideration contingent upon or <br />reSUlting from tne award or the making of this contract. <br /> <br />11. All notices. correspondence. or other documents <br />required by this contract shall be delivered or mailed to the <br />following addresses: <br /> <br />a. For the State <br /> <br />b. For the Contractor <br /> <br />Mr. J. William McDonald. Director <br />Colorado Water conservation Board <br />721 State Centennial Building <br />1313 Sherman Street <br />Denver, CO 80203 <br />Attn: Nick Ioannides <br /> <br />The Santa Maria <br />Reservoir Company <br />P.O. Box 288 <br />Monte Vista. CO 81144 <br />Attn: Barry Nelson <br />Engineer/Manager <br /> <br />Page ~ of ~ Pages <br />
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