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<br />mdlntain generdl liability insurdnce covering its ffidndgement, <br />operdLion, dntl mdlntendnce or the project s)'stem unLlt iL hdS <br />completed purchase of the project system from the Stdte in dt <br />least the following amounts: <br /> <br />d. For dny injury to one person in dny single <br />occurrence, the sum of One Hundred Fifty Thousdnd <br />Dolldrs ($150,000). <br /> <br />b. For dny Injury to two or more persons in dn)' <br />single occurrence, the sum of Four Hundred Thousdnd <br />Dollars ($4DO,OOO), <br /> <br />Said iiability insurdnce shall ndme the Stdle dS d <br />co-insured. A copy of a certificate of said liability <br />insurdnce must be filed with the Colorado Wdter Conservdtion <br />Board prior to the start of the operdtIon of the project <br />system. <br /> <br />8. Make the services of saId project available withIn its <br />cdpacity to dll persons in the Contrdctor's service drt~d <br />without discrimination dS to rdce, color, religion, or ndtural <br />orIgin at reasonable charges including dssessments, tdxes, or <br />fees In accordance with a schedule of such chdrges, whether for <br />one or more classes of servIce, formally ado~ted by the <br />Contrdctor through its board of directors, dS may be modified <br />from time to time by the Contractor. The init1dl rdte schedule <br />musL. bb dpproved by the Stcite. Thercdt'ltlr, the Contrdclor IOdy, <br />subject to the approval of the State, make such modifications <br />to the rate schedule as the Contractor deems necessdry to <br />efficiently and economically provide for the financidl <br />requirements of the system as long dS the rdte schedule remdIns <br />reasondble and non-discriminatory. <br /> <br />9. Adjust lts operdtIng costs and service chdrges from <br />time to time to provide for ddequ~te operdtion dnd mdintendnce, <br />emergency repair services, obsolescence reserves, and debt <br />reserves. <br /> <br />10. Expand the system from time to time to meet reasondble <br />growth or service requirements in"the ared within its <br />jurlsdlctlon. <br /> <br />11. <br />require <br />dccounts <br /> <br />Provide the Stdte with such periodic reports dS It may <br />and permit periodic inspections of its operdtions dnd <br />by a designat~d representative of the State. <br /> <br />12. Purchase from the State ail of the State's right, <br />tttle, dnd tnterest tn said project and any facilities lhert::of <br />at a total purchase price of Four Hundred Eighty-Four T/lousdnd <br />Ftve Hundred Twelve Dollars ($484,512) pdyable in forty (40) <br />annual instdllments of Twelve Thousand One Hundred Twelve <br />Dollars and Elghty Cents ($12,112.80) each, which flrst <br />installment shall be du~ and payable on September 1, 1983, dnd <br />yearly thereafter until the entire princlpdl sum shdll hdve <br />been paid. Said installment payments shdll be made pd)'dble to <br />the Colorado Water Conservation Board, payable dt the offices <br />of said BOcird in Denver, Colorado. <br /> <br />13. Obtain and maintain general fire and hdzdrd insurdnce <br />on the project system in an amount not less thdn the amount <br />owing to the State fo~ purchase of the project s~'stem until <br />the Contrdctor has purchased the p~oject system. The Stdte <br />shdll be the sole Insured of thIs polIcy. The purchase price <br />payable to the State shall be reduced tn the amount of any <br />payments made to the Stdte under this insurdnce coverage; if <br />only a portion of the purchase price is paid to the State under <br />this policy, the number of installment pdyments shdll remdin <br />unchanged, however the amount of each payment sha.ll be <br />reduced. <br /> <br />Page 3 of 7 Pdges <br /> <br />. , <br /> <br />, , <br />