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<br />, ) <br />\. , <br /> <br />) <br /> <br />DEPARTMENT l ' .ENCY NAME <br />Yater Conservation Board <br /> <br />DEPARTMENT OR AGENCY NUMBER <br />POA <br /> <br />ROOTING N\JKBER <br /> <br />No Encumbrance <br />Terminates Contract <br />No. 153573 <br /> <br />EXHIBIT A <br /> <br />TERMINATION CONTRACT <br /> <br />THIS CONrRAcr, made this /1 1;P day of -1} OIJ..f4JI/J.IA/l992, by and between the State of Colorado for the <br /> <br />use and benefit of the Department of NATURAL RESOURCES <br /> <br />(COLORADO WATER CONSERVATION BOARD). <br />_hereinafter refened to as the State, and the City of Greeley. <br />Greeley Civic Center. Greeley. Colorado 80631. <br /> <br />_hereinafter referred to as the contractor/Contractor or Borrower. <br /> <br />.. WHEREAS, authority exists in the Law and Funds have been budgeted, appropriated and otherwise made available. aDd a <br />sufficient unencumbered balance thereof remains available for payment in Pund Number ~ Organization .BJ.A..., Appropriation <br />~'Program Jjj1L, Object Code .BJ.A..., Contraet Encumbrance Number, ~ and <br /> <br />WHEREAs, required approval, e1earance, and coordination have been ao:omplisbcd from and with appropriate agencies; and <br /> <br />WHEREAS, the State and the Borrower entered into a contract <br />on April 3,1990, which contract shall hereinafter be referred <br />to as the "feasibility report contract," in which the state <br />agreed to pay the Borrower Twenty,Thousand Dollars ($20,000) for <br />the purpose of partially funding a feasibility report concerning <br />the rehabilitation of the Hourglass Dam; and <br /> <br />WHEREAS, the state and the Borrower intend to enter into a <br />'Separate contract, hereinafter referred to as the "project <br />contract," in which the State will loan the Borrower money for <br />the purpose of rehabilitating ,the Hourglass Dam; and <br /> <br />WHEREAS, initiation of construction to do this work will <br />create an obligation on the part of the Borrower to make <br />payments under the terms of the existing feasibility report <br />contract; and ' <br /> <br />WHEREAS, the parties agree that it would be mutually <br />beneficial to terminate the Borrower's obligation under the <br />feasibility report contract provided that the repayment of the <br />principal amount of Twenty Thousand Dollars ($20,000) will be <br />integrated with the Borrower's repayment of the construction <br />loan as evidenced by the proje~t ~ontract, which will be <br /> <br />Page ~ of ~ Pages <br /> <br />EXHIBIT .'\. <br />