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<br />\i/PiJt:';~Y'r'lK
<br />Oaf',,: 1111
<br />.Turnbo Rc' s.
<br />
<br />~-;;;:;;"Il,NTOIlA(jf.NCY /'lAME.
<br />flter- Conservat:ion Rd.
<br />.,I"'A/lTMLNr OIlAG[NI..'Y NUMbl.1I
<br />POA
<br />
<br />$318,400
<br />
<br />
<br />f'HOclEC'1'
<br />CONTRACT
<br />and Promissory Note
<br />
<br />ROlJIINQNUMbic.ll.
<br />
<br />'IlI'S CONI"RAcr, """" lbk ->,74"'1 oC t!:~n~ 19\13"" """ "',_. "" sale "r ,,"'''''''0 'a<
<br />thcU$candbeocliloeweJ)epartmcoto( Natural R~source
<br />(Colorado Water Conservat:ion Board) ,
<br />hcrclnartcr rderKd IOU IhcS~lc.ll11d 'fhe Julesburg Irr iqation District,
<br />114 West 1st St., Julesburq, CO 80737,
<br />hcrcinrter rdcrred 10 U !he contractorjConlnlclor.
<br />
<br />WI mREAS, lulhorily cnm in lhc I..aw and Fundi; ha~ been budgeled. Ipproprizlled and otberwisc made lvailable tllld a
<br />lumdcnl uoencumbered ba1ance Ibereof remains available lor paymenl in J1und Number 4 6 2 . Appropriation -21.L.
<br />Orpnu.alioD yyyy , Program WTRC Co.nlract I!ocumbrancc Number; (' IlO"J \h() II : and
<br />oGj ~,O(\& :0.\10
<br />WlmRI!.\S, required llWrovat, c1ea.=oc: llOO <<Y;lrowlioo ~ b<<u. &aXXl\i\l~ troM au.d wi\b IWf\'Iprio\\e 1&"tnM; r.nl.l
<br />
<br />WHEREAS, pursuant to the provisions of 37-60-119 and
<br />37-60-120, Colorado Revised statutes, the state Is authorized to
<br />loan money for the construction of water projec'tB for the
<br />benefit of the people of the State provided that the Contractor
<br />assures repayment of that money; and
<br />
<br />WHEREAS, the contractor is a duly constituted Irrigation
<br />District in the state of Colorado and it wishes to rehabilitate
<br />its Julesburg Dam No.4 facility, hereinafter sometimes called
<br />the project, for the benefit of The Julesburg Irrigation
<br />District, located in Sedgwick County, Colorado, at an estimated
<br />cost of Three Hundred Eighteen Thousand Four Hundred Dollars
<br />($318,400); and
<br />
<br />WHEREAS, on May 28, 1991, the parties entered into a
<br />feasibility report contract. A feasibility investigation of
<br />said project was conducted and the State has determIned that
<br />such a project is technically and financially feasible; and
<br />
<br />WHEREAS, on #""-'d"',,:? .:?;7 ,1992, the State and the
<br />Contractor enter~a into termination contract, attached hereto
<br />as Exhibit A, which terminated the feasibility report contract
<br />previously entered into between the parties, attached hereto as
<br />Exhibit B; and
<br />
<br />WHEREAS, the termination contract provides that the
<br />Contractor will repay to the State the principal amount of six
<br />Thousand Six Hundred Dollars ($6,600) under the terms and
<br />conditions of that Exhibit A termination contract in
<br />consideration of the Statets partial financing of the
<br />feasibility report for the project pursuant to the Exhibit B
<br />feasibility report contract; and
<br />
<br />WHEREAS, the state now desires by this project contract to
<br />loan money for the construction of said project upon mutually
<br />agreeable terms and conditions, subject to the availability of
<br />funding for that purpose; and
<br />
<br />WHEREAS, the State and the Contractor agree 1:hat the
<br />repayment of the feasibility report funding shall be
<br />consolidated with the repayment of the project construction
<br />loan; and
<br />
<br />WHEREAS, pursuant to 37-41-113, CRS, the Contractor has
<br />authority to contract to borrow money provided that said
<br />borrowing be duly approved by a majority vote of the electorate
<br />of the District and to levy assessments assuring repayment of
<br />the state according to the terms of the contract; and
<br />
<br />CWCU 8j91
<br />
<br />rage 1 of ..!...Q.. paga
<br />
<br />bj213.K
<br />
<br />diOOj3.con
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