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Last modified
1/27/2010 9:23:47 AM
Creation date
10/5/2006 11:36:14 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C153491
Contractor Name
Upper Yampa Water Conservancy District
Contract Type
Loan
Water District
0
County
Routt
Bill Number
HB 83-1102
Loan Projects - Doc Type
Contract Documents
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. < (" <br />intereats therein necessary for such work, or the District shall commence <br />appropriate eminent domain proceedings in a court of competent juriadiction for <br />the acquisition of such land or interests in land and ahall obtain, purauant to <br />said proceedings, the right to immediate possesaion [hereof and shall prosecute <br />diligently said proceedings to final judgment and obtain title satisfactory to <br />the Contracting Officer to the land or interests therein to be acquired. <br />(c) The funds advanced hereunder by the United States shall be used <br />only to defray coats and expenses incurred by the District for the performance <br />of work approved pursuant to Article 2 lncluding an appropriate proportion of <br />the District's clerical and administrative costs applicable to the loan. The <br />advanced funda shall not be used for the District's clerical or office <br />administrative work not associated with the loan program, acquisition of <br />lands or intereats therein, acquisition of rights to the use of water <br />necessary for succesaful operation of tt�e project, reimbursement in any manner <br />for the District's costs of preparation, processing, or review of the <br />District's proposal and loan applicatioti, nor operation and maintenance of <br />the pro3ect works. All costa and expen&es of the Dis[rict, chargeable or <br />allocable to the Project, shall be limitied to those reasonably iacurred in <br />the exercise of sound engineering, consCruction, and business pr2ctices. <br />(d) All funds advanced hereunder by the United States shall be <br />deposited by the District in a special interest-bearing account in a member <br />bank of the Federal Reserve System. Such account shall be maintained until all <br />advanced funds have been expended or returned to the United States• <br />(e) In[erest credited by the depository bank on funds advanced by the <br />United States shall be considered as advances to the District by the United <br />10 <br />
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