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<br />i;,.;' <br /> <br />.~ <br />"-.,.;' <br /> <br />5. In consideration'of the State assuming a portion of the <br />cost of the preparation of the said project feasibility report, <br />the Contractor shall pay to the State the sum of Thirty-Four <br />Thousand Nine Hundred Sixty-Five Dollars ($34,965) provided that <br />construction of the subject water project is initiated within ten <br />(10) years of the date of this contract. The Contractor shall <br />fulfill this obligation irrespect'ive' of how, or by whom, the <br />subject water project is financed or paid for so long as <br />construction is initiated within the specified. time. <br /> <br />6~ In the event the Contractor must make payment pursuant <br />to the terms of paragraph 5 above, then the said sum of <br />Thirty-Four Thousand Nine Hundred Sixty-Five Dollars ($34,965) <br />shall be payable in ten (10) equal yearly installments of Three <br />Thousand Four Hundred Ninety-Six Dollars and, Fifty Cents <br />($3,496.50) each, the first installment to be due 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 contract is personal in nature and assignment of <br />performance by, the Contractor to another is prohibited unless <br />prior approval in writing is granted by the State. <br /> <br />a. The Contractor is an' independ<!nt Contractor ,and as such <br />is not entitled to any benefits of the State personnel system. <br /> <br />p.l <br /> <br />of 4 pa'les <br /> <br />. <br />