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<br />6. Permit periodic inspection of construction by
<br />authorizeo representatives of the State during and after
<br />construction..
<br />
<br />7~ Without expense to the State, manage, operate, and
<br />maintain the project system continuously in an efficient and
<br />economical manner, and assume all legal liability for such
<br />management, operation, and maintenance.. The Contractor shall
<br />maintain general liability insurance covering its, management,
<br />oper~tion, and maintenance of the project system until it has
<br />completed purchase of the project system from the State in at
<br />least the following amounts;
<br />
<br />a.. For any injury to one person in any single
<br />occurrence, the sum of One Hundred Fifty Thousand
<br />Dollars ($150,000).
<br />
<br />b. For any injury to two or more persons in any
<br />single occurrence, the sum of Four Hundred Thousand
<br />Dollars ($400,000).
<br />
<br />Said liability insurance shall name the State as a
<br />co-insured. A copy of a certificate of said liability
<br />insurance must be filed with the Colorado Water Conservation
<br />Board prior to the start of the operation of the project
<br />system.
<br />
<br />8. Make the services of said project available within its
<br />capacity to all persons in the Contractor's service area
<br />without discrimination as to race, color, religion, or natural
<br />origin at reasonable charges including assessments, taxes, or
<br />fees in accordance with a schedule of such charges, whether for
<br />one or more classes of service, formally adopted by the
<br />Contractor through its board of directors, as may be modified
<br />from time to time by the Contractor. The initial rate schedule
<br />must be approved by the State. Thereafter, the Contractor may,
<br />subject to the approval of the State, make such modifications
<br />to the rate schedule as the Contractor deems necessary to
<br />efficiently and economically provide for the financial
<br />requirements of the system as long as the rate sCh.edUle..:,'"(~,, "... ins
<br />reasonable and non-discriminatory. . <,:,i"-,\ '";'.' ",
<br />, '(;'-j(,
<br />9. Adjust its operating costs and serViCe~qQ;~g~~~"'tro~tu
<br />time to time to provide for adequate operation anlt'main ena#e,
<br />emergency repair services, obsolescence re~ves, ~) de '. ';:P'
<br />reserves. '41.4....,
<br />"~ ,,<""
<br />
<br />10. Expand the system from tim 'me J;"~;C:easonable
<br />growth or service requirements in~~ w 'hi~ts
<br />jurisdiction.
<br />
<br />
<br />11. Provide the State with such ic reports as it may
<br />require and permit periodic inspection its operations and
<br />accounts by a designated representative the State.
<br />
<br />~~ Purchase from the State all of the State's right,
<br />title, and interest in said project and any facilities thereof
<br />at a total purchase price of Seven Hundred Twenty Thousand Six
<br />Hundred Party-Four Dollars and Seventy Cents ($720,644.70)
<br />payable in forty (40) annual installments of Eighteen Thousand
<br />Sixteen Dollars and Eleven Cents ($18,016.11) each, which first
<br />installment shall be due and payable on December 1, 1983, and
<br />yearly thereafter until the entire principal sum shall have been
<br />paid. Said installment payments shall be made payable to the
<br />Colorado Water Conservation Board, payable at the offices of said
<br />Boarn in Denver, Colorado.
<br />
<br />13. Obtain and maintain general fire and hazard insurance
<br />on the project system in an amount not less than the amount
<br />owing to the State for purchase of the project system until
<br />
<br />Puye 3 of 7 P.)qC~l
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