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<br />C, Ttle State agrees that it stlalJ: <br /> <br />\ <br />\ <br />J <br />, <br /> <br />1. Loan to ttlS Corltr'actor' for ttle corlstr'uctiorl of t~le <br />project an amOtJnt rIot to exceed Orle Hundred Ninety-Five <br />Ttlousand Nine Hundred Ttlirty Dollars arid Ttlir'ty-Five Cerlts <br />($195,930.35), Said One Hundred Ninety-Five .rhous~nd Nlrle <br />Hundr'ed ,.tlirty Oollars artd Thirty-five Cents ($195,930,35) <br />shall bl;"! mude available to the Contr'uctor' tn accor'dance <br />wittl ttle following t~rms and conditiorls: <br /> <br />a. Commencing ten (10) d~ys from the date of this <br />corltr'act and for ever'y month t~lereafter untjl sajd <br />project hilS been COlllpleted, the Contractor stlall <br />pr'epare, with the assistance of ttle Corlsultarlt <br />referred to in par~grap~l A.1. above, an estimate of <br />ttle funds requjred for project constructjon durjrlg <br />that month and shall for'ward sa'ld estimate to the <br />State not less than fifteen (1~) days Flrior to ttle <br />beginning of such month. <br /> <br />b. Upon receipt and approval by ttle State of suet! <br />monthly estimate, U,e State will, w:lthin for'ty (40) <br />days from the receiFlt of such estimate, flay over to <br />the Contractor the amourlt of the lnonthly estimate or <br />such portion ther'eof as tlas beerl approved by ttle <br />State. <br /> <br />c. No payments will be made under this contract <br />tJnless and until the project plans and <br />specifications r~ferred to in paragraptl A.1, above <br />are approved by the State in wrltirlg. <br /> <br />d. Project constructiorl costs eligible for payment <br />by the State s~lall be limited to th~ cost of: <br /> <br />.(1) Prepar'ing firt~l desigrt5 arid specificatiorls <br />for the project, <br /> <br />(2) Preparing bid and corlstructiorJ contract <br />documents. <br /> <br />(3) Preparjng environmental assessment or <br />environmental impact statements, and ot~lerwise <br />complying with the federal Natjonal Environmerltal <br />Policy Act. <br /> <br />(4) Complying with all federal, State, and local <br />regulatory requirements, including t~le obtaining <br />of all required permits. <br /> <br />(5) Land and water rights acquisitions needed for <br />ttlS pr'oject, includirlg ttJe necessary appraisals <br />arid evaltJatlo~s. <br /> <br />(6) fish and wildlife mitigation measures <br />required by federal, State, or local laws arid <br />r'egulatJ.ons, <br /> <br />('l) Actual corlstructiorl as called for' j,n ttle bid <br />documents and in Charlge Or'ders approved by the <br />Consultant, the Contr'actor, the Construction Firm, <br />and the State. <br /> <br />(8) Engineering ser'uices for corlstructjon <br />management, including dl:.~sign and construction <br />managemertt for State-approved Change Orders. <br /> <br />'. <br /> <br />Page 2 of ~ pages <br />