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<br />, ' <br /> <br />the project plans and specifications must be approved by the <br />State before initiation of construction on the project. <br />including any real estate and water rights acquisitions. can <br />commence. <br /> <br />2. Contract for the construction of said project to a <br />responsible and capable firm or firms (hereinafter referred to <br />as Construction Firm or Firms). which Construction Firms shall. <br />when required by the State. be selected through competitive <br />pUblic bidding, said project to be completed within three <br />(3) years of the date of this contract in accordance with the <br />project plans and specifications and any necessary modification <br />thereof approved by the State. The State must approve. in <br />writing, all contracts before they can become effective. The <br />above-specified time may be extended by the State if such time <br />is insufficient because of acts of God or other acts or <br />circumstances beyond the control of the Contractor. <br /> <br />3. Require all Construction Firms and their subcontractors <br />to indemnify the State and the Contractor against all liability <br />and loss, and against all claims and actions based upon or <br />arising out of damage or injury. including death. to persons or <br />property caused by or sustained in connection with the <br />performance of any contract or by conditions created <br />thereby. or based upon any violation of any statute. ordinance. <br />or regulation. and the defense of any such claims or actions. <br /> <br />4. Require all Construction Firms and their subcontrac- <br />tors to maintain the following: <br /> <br />a. Workmen's compensation and employers' liability <br />insurance. <br /> <br />b. Automobile liability insurance for all vehicles. <br /> <br />c. Comprehensive general liability insurance in at <br />least the following amounts: <br /> <br />(1) For any injury to one person in any single <br />occurrence. the sum of Five Hundred Thousand <br />Dollars ($500.000). <br /> <br />(2) For any injury to two or more persons in any <br />single occurrence. the sum of One Million Dollars <br />($1.000,000). <br /> <br />Said liability insurance shall name the Contractor and <br />the State as co-insureds. No payments shall be made <br />under this contract unless a copy of a certificate of <br />said liability insurance has been filed with the <br />Colorado Water Conservation Board. <br /> <br />5. Execute a warranty deed which shall convey the <br />following real property to the Board as security for the loan: <br /> <br />An undivided fifty percent (50\) of the following: <br /> <br />a. 120.000~ cubic yards of dirt fill <br /> <br />b. 350~ cubic yards of drainage blanket <br /> <br />c. All inlet works. inCluding a wet well and gates <br /> <br />d. 180~ linear feet of a 36-inch-diameter outlet pipe <br /> <br />e. S.OOO~ cubic yards of retention berms <br /> <br />f. 12+ cubic yards of concrete placed in the energy <br />dissipator <br /> <br />Page ~ of ~ Pages <br />