PROJ00241

• Contract/PO #: C153496
• Contractor Name: North Poudre Irrigation Company
• Contract Type: Loan
• Water District: 3
• County: Larimer
• Bill Number: HB 85-1042
• Loan Projects - Doc Type: Contract Documents

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PROJECT
CONTRACT

DEPARTMt:. OR AGENCY NUMBER
34-04-00
CONTRACT ROUTING NUMBER
><;'f: :",-
$488,280

THIS CONTRACT. made this 31st day of July
Slale of Colorado for the use and bertefit of the Department of '1
(Cnlorano W~tp-r Congervation Board).
hereinafter ft'(erred 10 as the State, zu'!d '2 The North poudre
P. O. Box 100, Well1nqton, CO 80549,
hereinafter refcncd ,to 8S Ihe Glnlraclor.

198 J...-. . by and between the
Natural Resources

Irriaation ComDanv~

. WHEREAS. aulhority cl!:ists in the Law and Funds have been budgeled. appropriated and otherwise made
ava.lable and a sufficient unencumbered balance Ihereof remains a~ilabJe Jor payment in Fund Number 400 R
Gfl Accounl Number 5417X, Concracl Encumbrance Number /F;q q(n; and '
ABL Account Number l!!1Q, Org. Unit 77-77-777,
.WHEREAS. required approval. clearance and coordination has been accomplished from and with ilpprollriale
agencies; and

WHEREAS. pursuant to the provisions of 37-60-119. Colorado
Revised Statutes. tne State is authorized to loan money for the
construction of water projects for the benefit of the people of.
the State; and

WHEREAS. the Contractor is an irrigation company in the
State of Colorado and wishes to improve. or cause to be
improved. its Clark Lake dam. hereinafter called the project.
for the stockholderG of The North Poudre Irrigation Company in
Larimer County, Colorado. at an estimated cost of Five Hundred
Thousand Dollars ($500,000); and

WHEREAS. a feasibility investigation of said project was
conducted and it was found that such a project is technically
and financially feasible: and

WHEREAS. on JulY 20. 1987. the State and the Contractor
entered into an agreement (attached as Exhibit A and
incorporated by reference herein and hereinafter referred
to as the termination contact) which terminated a feasibility
report contract (attached as Exhibit B and incorporated by
reference herein) previOUSly entered into between the parties.

WHEREAS. the termination contract provided that the
Contractor would pay the State Fifteen Thousand One Hundred
Seventy-Seven Dollars and Forty Cents ($15,177.40) under the
terms and conditions of that contract in consideration of the
State's partial financing of the feasibility report for the
project; and

WHERBAS. the State has now agreed to loan money for the
construction of said project upon mutually agreeable terms and
conditions. SUbject to the availability of funding for that
purpose; and the state and the Contractor agree that the
repayment of the feasibility report funding shall be
consolidated with t~e repayment of the project loan; and

WHEREAS. pursuant to House Bill No. 1042. Fifty-Fifth
General Assembly of the State of Colorado. duly enacted into
law. the Colorado Water Conservation Board has been authorized
to loan a sum not to exceed Five Hundred Thousand Dollars
($500.000) for construction of the project;

NOW THEREFORE. in consideration of the mutual and
dependent covenants herein contained. it is agreed by the
parties hereto as follows:

A. The Contractor agrees that it shall:

1. Employ an engineering firm to prepare project plans and
specifications for the project. Both the engineering firm and

395-5J.OH014

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