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<br />.' <br /> <br />..1,' .. <br /> <br />) <br /> <br />; <br /> <br />) <br /> <br />Hourglass Dam <br />w/TermK&PB <br /> <br />DEPARTMENT OF AGENCY NAME <br />Vater Conservation Soard <br /> <br />", , <br /> <br />DEPARTMENT OR AGENCY NUMBER <br />PDA <br /> <br />ROOTl NG NUMBER <br /> <br /> <br />PROJECf CON1RACf <br /> <br />nllS CONI'RAcr, made this / q . ~ day o( '?:1~AVL/lm. by and between the Stale o( Colorado (or the <br />use and benefit o( the Department o( N1tUral Res urces <br />(Colorado Water Conservation Board), <br />hereinafter referred '0 as the Slate, and the City of Greelev. <br />Greelev civic Center, Greeley. Colorado 80631, <br />hereinafter referred to as the coatractor/ Borrower. <br /> <br />\VHEREAS. authority existS in the law and 'Funds have been budgeted, appropriated aand othezwise made available and a <br />sufficient unencumbered balance thereof remains available for payment in Fund Number ~ Organization YYYY . Appropriation _ <br />005 , Program WTRC , Objed Code 5120 , Contract Encumbraaoe Number; Q.. I 5 ~; and <br /> <br />.J. y <br /> <br />WHEREAS, required approva1. clearance and coordina~on have been accomplished from. a.ad with appropriate agencies; and <br /> <br />t 'j <br /> <br />WHEREAS, pursuant to the provisions of Sections 37-60-119 and <br />37-60-120, Colorado Revised Statutes, the .state is authorized to <br />loan money for the construction .and rehabilitation of water <br />projects for the benefit of the people of the State provided that <br />the Borrower assures repayment of tl),at,moIley; and <br />, .'-.. -, '. <br /> <br />...;::':J; <br /> <br />.. ". "' <br />WHEREAS, the ,Bbrrow~r is~,!iu,ly;q9ristituted Home RUle city in <br />the State of Colorado and wishes~'to Jjbnstruct,or cause to be <br />constructed, the enlargement and'r8habilitation of its Hourglass <br />Dam and appurtenant structures,'.hereitiafter called the project, <br />which is located in Larimer County, COlorado, at an estimated cost <br />of Five Hundred Thousand Dollars ($500,000); and <br /> <br />/ <br />....;. :,;.. <br /> <br />WHEREAS, pursuant to the Borrower's City Charter, the Borrower <br />has authority to contract to borrow money provided that an <br />ordinance be duly passed by the city Council, and to levy <br />assessments to assure repayment according to the terms of the <br />contract; and <br /> <br />WHEREAS, on April 3, 1990, the parties entered into a <br />feasibility report contract to the extent of Twenty Thousand <br />Dollars ($20,000). A feasibility investigation of said project <br />was conducted and the State has determined that such a project is <br />technically and financially feasible; and <br /> <br />WHEREAS, on ?:1th~Lf,u /7 ' 19'1!r the State and the <br />Borrower entered int a termination contract terminating the April <br />3, 1990, feasibility report contract; and <br /> <br />Paqe 1 of 10 Pages <br /> <br />ATTACHMENT B <br />