C153604 Contract

• Contract/PO #: C153604
• Contractor Name: Julesburg Irrigation District
• Contract Type: Loan
• Water District: 64
• County: Logan
• Bill Number: SB 86-27
• Loan Projects - Doc Type: Contract Documents

feasibility report contract provided that the repayment of the
Six Thousand Six Hundred Dollars ($6,600) (which represents the
principal amount provided by the State for the purpose of
partially funding the feasibility report for the dam
rehabilitation) will be integrated with the Contractorls
repayment of the construction loan of the project contract,
which will be executed contemporaneously with and immediately
prior to the execution of this termination contract.

NOW, THEREFORE it is hereby agreed that:

1. The feasibility report contract entered into between the
state and the Contractor on May 28, 1991 (attached as Exhibit B
and incorporated by reference herein), Contract Encumbrance No.
C-153591, is hereby terminated and the remaining obligations of
the State and the Contractor under the terms of that contract
are no longer enforceable.

2. The Contractor agrees to the following terms for the
repayment of Six Thousand six Hundred Dollars ($6,600), which
represents the principal amount provided by the state as partial
financing for the feasibility report under the terms of the
feasibility report contract:

a. The six Thousand Six Hundred Dollars ($6,600)
referred to above will be added to that amount loaned to
the contractor by the State under the project contract
for the rehabilitation of the Julesburg Dam No.4.

b. The total amount described in paragraph 2.a. above
and interest for the full term will be repaid under the
terms of the project contract to be entered into between
the state and the Contractor.

3. This termination of the feasibility report contract will
not be effective until such time as a valid and enforceable
project contract containing the terms of paragraph 2. above is
in effect for the rehabilitation of the Julesburg Dam No.4.

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