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<br />J(--:-, <br /> <br />,'h <br />._~/ <br /> <br />financial interest therein, and (b) consistent with both the <br />statutory purposes of this contract and the limitations of the <br />statutory authority under which it is made. <br /> <br />I. Upon completion of the repayment to the state in the sum <br />of Three Hundred sixty-One Thousand Two Hundred Ninety Dollars <br />($361,290), as set forth in paragraph B.10. of this contract, or <br />upon repayment of the project loan in accordance with paragraph <br />B.lO.a. of this contract, the state agrees to convey to the <br />Borrower all of the state's right, title, and interest in and to <br />the project and any other property described in paragraph B.S. <br /> <br />J. The Borrower warrants that it has full power and authority to <br />enter into this agreement. The execution and delivery of this <br />contract and the performance and observance of their terms, <br />conditions, and obligations have been duly authorized by all <br />necessary action, by the Borrower. <br /> <br />K. The Borrower warrants that by acceptance of the, loan pursuant <br />to the terms of this contract and by the Borrower's representation <br />herein, the Borrower shall be estopped from asserting for any <br />reason that it is not authorized or obligated to pay the ,loan <br />money to the state as required by this contract. <br /> <br />L. The Colorado Water ConserVcition Board, its/agents and <br />employees, is hereby designated,asith,e agE!~t. of ,the state for the <br />purpose of this c:ontract. '," ", .. '" ' <br />. _ .' ..".,. . " ',...0',.. ) >:.:i:;,,'~~.t.-. . <br />.M. All notices,correspondence'"orother/ciocuments required by' <br />this contract shall be deli v'eredor' maileid"','tbthe 'following <br />addresses: ' <br /> <br />1. For the state <br /> <br />2. For the Borrower <br /> <br />Director <br />Colorado Water Conservation Board <br />721 state Centennial Building <br />1313 Sherman Street <br />Denver, CO 80203 <br />Attn: Project Planning and <br />Construction Section <br /> <br />Director <br />Water and Sewer <br />Department <br />City of Greeley <br />Greeley civic Center <br />Greeley, CO 80631 <br /> <br />Page ~ of 10 Pages <br />