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eligible for a mitigation grant in the amount of $490,000 <br />pursuant to section 37-60-122.2(2), CRS; and <br />WHEREAS, the District applied to the Board for a mitigation <br />grant in the amount of only $400,000; and <br />WHEREAS, the Board determined at its September 29, 1989, <br />meeting to make the statutorily required grant in the amount of <br />$400,000 subject to certain terms and conditions. <br />NOW THEREFORE, in consideration of the mutual covenants <br />hereinafter set forth, the District and the Board agree as <br />follows: <br />A. The District agrees that all actions and determinations <br />required of the Division of Wildlife, Wildlife Commission, and <br />Board pursuant to section 37-60-122.2(1) and (2), CRS, as <br />conditions precedent to the making of this grant have been <br />taken and made: agrees with the Wildlife Commission's <br />mitigation, recommendation, a copy of which is attached and <br />incorporated Rerein as Exhibit A; and seeks and hereby accepts <br />in full satisfaction of section 37-60-122.2(2)(b), CRS, a grant <br />in the amount of $400,000. <br />B. The District and the Board agzee that this Grant <br />Contract is made puzsuant to section 37-6G-122.2, CRS, and that <br />under no circumstances shall the total amovnt.of the grant <br />exceed five percent (58) of the construction costs of the <br />Project, as defined in section 37-60-122.2(2)(d), CRS, or be <br />disbursed in installments that exceed seventy percent (708) of <br />the amount of the grant during any fiscal year. The District <br />agrees to bear the costs of implementing the official State <br />position, a copy of which is attached hereto and incorporated <br />herein as Exhibit B, to the extent those costs equal five <br />percent (58) of the construction costs of the Project and <br />exceed ten percent (108) of the construction costs of the <br />Project. <br />C. The District will comply with the official State <br />position for fish and wildlife mitigation for the Project and <br />will utilize the grant monies which it receives from ~t he State <br />pursuant to this contract for the costs of implementing the <br />requirements of the official State position. <br />(1) The District shall report to the Board on <br />January 1, 1990, and each six months thereafter thr ovgh January <br />1, 1993, on the status of its activities to comply with the <br />official State position. <br />(2) The Board shall have the right until 90 days <br />after receipt of the last report required by subparagraph (1) <br />hereof to review the District's records and inspect the <br />mitigation measures, lands, and activities to determine the <br />status of compliance with the official State position. <br />D. If the District fails to comply with the official State <br />position in any regard at any time, then the Board may file <br />suit for specific performance of this contract in 'a court of <br />competent jurisdiction. <br />E. 1'he State shall pay to the District, on a non- <br />reimbursable basis, the total sum of Four Hundred Thousand <br />Dollars ($400,000). Said sum shall be payable to the District <br />in the following manner: <br />(1) Two Hundred Forty-eight Thousand Dollars <br />($248,000) shall be payable within 15 days after the date of <br />this contract, <br />Page 2 of 5 Pages <br />