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<br />,. <br /> <br />, ' <br />the Contractor shall pay to the State the sum"of Fourteen <br />Thousand Eight,Hundr~dNinety-TwoDollars and Fifty Cents' <br />($14.892.50) provided that construction of the subject water <br />project is inltiate4 within ten (10) years-cf.the date of- this <br />contract. The Conttacto,r shall fulfill this'.obl-iqation <br />irrespective,of how or by whom or to what specifications.or <br />plans the sUbject Ptoject is financed. paid. Or constructed for <br />so long as construction of the project is initiated within the <br />sp~cifie~ time. . <br /> <br />6. In" the' event the Contcactor must make payment pursuant <br />to the terms ~f par&graph 5 above. then the said sum of <br />Fourteen: Thousand E\ght Hundred Ninety-Two Dollars and Fi~ty <br />Cents ($14.892,50) ahall be payable,in ten (10), equal yearly, <br />installments of One Thousand Four Hundred. Eighty-Nine Dollars <br />and Twenty-Five Cents ($1;489;25) each. the first installment <br />to be due and payab~e' upon the January 1st next succeeding the <br />.inftiation of. consttuctio'n on the said water, project. <br />Subsequent payments shall.be due and payable 'on Janua~y 1st of <br />each- year- the.reafter:. . <br /> <br />7. This, contra~t is personal: in nature and as'signment' of <br />performance by the'~ontractor to anotner is prohibited unless <br />prior approval in wr:iting is . granted by._the State. <br /> <br />8. The Contractor is an independent' contractor.:and as such' <br />is not entitled to <tny benefits of th~. State pe~sonnel, system. <br /> <br />, ' <br />9. The oriqinat contract 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 othet f-actual unit costs. . All such contract. <br />adjustments shall b~ made within one (1) year following the end' <br />of the contract.. <br /> <br />10. The'.Contra~tor warrants that he has not employed or <br />retained any company or person. other than a bona fide employee <br />. working solely for 'him. to solicit or secure this 'contract and' <br />that he has not pai~ or agreed to pay'any person. company. <br />corporation. indivi<lual. or firm. other than' a bona fide <br />employee working Gately for him. any fee. commission. . <br />percentage. gift. at other consideration contingent upon or <br />reSUlting from the <lward or the making of this contract. <br /> <br />11. All notice~. correspondence. or other documents <br />required by this COfltract 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 Cons~rvation Board <br />721 State Centennial Building <br />1313 Sherman Street . <br />Denver. CO 80203 <br />Attn: Nick Ioannid~s <br /> <br />Durango West MetropOlitan <br />District #2 <br />P. O. Box 1092 <br />Durango. CO 81302 <br /> <br />Attn: Mark Sword. Manager <br /> <br />Page 1 of ~ Pages <br />