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<br />--- <br /> <br />.r -', <br /> <br />th~ City of craig shall pay to the State the sum of Thirteen <br />Thousand Two Hundred Seventy-Four Dollars ($13.,274) provided <br />that construction of the subject water project, is initiated. <br />within ten (10) years of the date of this contract. The <br />Contractor shall fulfill this Obligation irrespecti~e of how or <br />by whom or to what specifications or plans the subject.project <br />is financed. paid. or constructed for 50 long as construction <br />of th,e project is initiated within the specified. time. as <br />agreed to by letter dated September 10, 1986, which is hereby <br />attached and made a part of this contract as Exhibit B. . <br /> <br />6. In. the event the City of craig must .make payment <br />pursu.ant to the terms of paragraph 5 above. then the said sum <br />of Thirteen Thousand Two Hundred Seventy-Four Dollars ($13,274) <br />shall be payable in ten (10) equal yearly installments of <br />One Thousand Three Hundred Twenty-Seven 'Dollars and Forty Cents <br />($1.327.40) each, the first installment to be d~~ and payable <br />upon the January 1st next succeeding the initiation of . <br />construction on the said water project. Subsequent payments <br />shall be due and payable on January 1st of each year thereafter'. <br /> <br />7. This con~ract is personal in ~ature and assignment of <br />performance by the Cont~actor to another is prohibited unless <br />prior approv~l in writing is granted by the State. <br /> <br />8. The Contractor is an independent contractor and'as such <br />is not eI).titled to any benefits of ,.the State p~.t:Eioonnel system. <br /> <br />9. The origin,al qontract price stated in paragraph 4' and <br />any additions thereto shall be adjusted to exclude any <br />significant sums by which the State determines the contract <br />price increased due to inaccurate. incomplete. or noncurrent <br />wage rates and other factual unit costs. All such contract <br />adjustments shall be made within one (1) year following the end <br />of the contract. <br /> <br />10. The Contractor warrants that he. has not employed or <br />retained any company or person, other than a bqna fide employee <br />wO~King solely for him. to solicit or secure this contract 'and <br />th4t he has not paid or agreed to pay any person. company, <br />corporation. individu,al. or firm.- other than a, bona fide <br />employee working solely for him. any fee. commission. <br />pe[~entage. gift. or other consideration contingent upon or <br />res~ltin9 from the award or the making of this contract. <br /> <br />11. All notices. corres'p'onde-nce. or other' documents <br />required by this contract shall be delivered or mailed to the <br />following addresses: <br /> <br />a. For the State <br /> <br />b. For the Contractor <br /> <br />Mr. J. William McDonald. Director <br />Colorado Water Conservation Board <br />721 State Centennial Building <br />1313 Sherman Street <br />DenVer. CO 80203 <br />Attn: NiCk Ioannides <br /> <br />The Honorable Michael R. DuBe <br />Mayor, City of Craig <br />300 West Fourth Street <br />Craig. CO 81625 <br />and <br />Mr. David Mertitt <br />Colorado River Water <br />Conservation District <br />P.O. BOx..H20 <br />Glenwood Springs, CO 81601 <br /> <br />Page 1 of ~ Pages <br />