Laserfiche WebLink
<br />r'~ <br />I <br /> <br />N. The Contractor warrants that in the event of a default by <br />the Contracto~ in the repayment to the state, and upon written <br />notice thereof from the state, the Contractor shall, pursuant to <br />statute, immediately take all necessary actions to levy an <br />additional assessment and to pledge additional revenues in a <br />sufficient amount and in a timely manner to cure the default and <br />to repay the state as required by the contract. Such additional <br />revenues shall be deemed covered by the existing security <br />interest. <br /> <br />O. The Contractor warrants that the security interests executed <br />by the Contractor in favor of the state to secure repayment of <br />this loan are valid security interests which shall be binding <br />against the Contractor and that the Contractor has perfected <br />these security interests. <br /> <br />P. The Contractor warrants that by acceptance of the loan money <br />pursuant to the terms of this contract and by the Contractor's <br />representation herein, the Contractor shall be estopped from <br />asserting for any reason that it is not authorized or obligated <br />to repay the loan money to the state as required by this <br />contract. <br /> <br />Q. Nothing herein is intended to waive any provisions of the <br />Colorado Governmental Immunity Act, Sections 24-10-101 through <br />24-10-120 (1988 and 1991 Supp.). <br /> <br />R. All notices, correspondence, <br />this contract shall be delivered <br />addresses: <br /> <br />or other documents required by <br />or mailed to the following <br /> <br />1. For the state: <br />Director <br />Colorado Water Conservation Board <br />721 State Centennial Building <br />1313 Sherman Street <br />Denver, CO 80203 <br />Attn: Frank Akers <br /> <br />2. For the Contractor: <br />Town of Ignacio <br />P. O. Box 459 <br />Ignacio, CO 81137 <br /> <br />Attn: Jose Quintana <br />Town Manager <br /> <br />Page" 10 of 12 Pages <br />