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PROJ00129
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Last modified
6/10/2011 10:10:00 AM
Creation date
10/5/2006 11:37:03 PM
Metadata
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Template:
Loan Projects
Contract/PO #
C153391
Contractor Name
Beeman Irrigation and Milling Company and Meadow Island Ditch Company No. 2
Contract Type
Loan
Water District
1
County
Weld
Bill Number
SB 82-87
Loan Projects - Doc Type
Contract Documents
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<br />c. The State agrees that it shall: <br /> <br />1. Make available to the Contractor for the purpose <br />of this contract not to exceed the sum of Eighty-Nine <br />Thousand Seven Hundred Sixty-Two Dollars and <br />Forty-Five Cents ($89,762.45). Said Eighty-Nine <br />Thousand Seven Hundred Sixty-Two Dollars and <br />Forty-Five Cents ($89,762.45) shall be made available <br />to the Contractor in accordance with the fOllowing <br />terms and conditions: <br /> <br />a. Beginning with the monthly period commencing <br />October 1, 1982, and for every month thereafter <br />until said project has been completed, the <br />Contactor shall prepare with the assistance of the <br />consulting engineer referred to in paragraph Al <br />above an estimate of the funds required from the <br />State for project construction during that month <br />and shall forward said estimate to the State not <br />less than fifteen (15) days prior to the beginning <br />of such IOOnth. <br /> <br />b. Upon receipt and approval by the State of such <br />monthly estimate, the State will, within forty <br />(40) days from the receipt of such estimate, pay <br />over to the Contractor the amount of the monthly <br />estimate or such portion thereof as has been <br />approved by the State. <br /> <br />c. No payments will be made under this contract <br />until the project plans and specifications <br />referred to in paragraph Al above are approved by <br />the State. <br /> <br />I. Upon completion of the payment of the full purchase <br />price to the State in the sum of Two Hundred Five Thousand <br />Seven Hundred Twenty Dollars and Seventy-One Cents <br />($205,720.71), as set forth in paragraph A12 of this <br />contract, the State agrees to convey to the Contractor all <br />of the State's right, title, and interest in and to the <br />project by deed or other proper conveyance. <br /> <br />Page 2 of 4 Pages <br />
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