C153301 Contract

• Contract/PO #: C153301
• Contractor Name: Cache La Poudre Reservoir Company
• Contract Type: Loan
• Water District: 3
• County: Larimer
• Bill Number: SB 77-35
• Loan Projects - Doc Type: Contract Documents

Form 6.AC.02A

a G- 4{J _ ")
.NT Ol~ ,\(~I M'Y NUMBElt
34-04-00
CONTlUCI" ROUTING MI,\IUU:

1)[1':

5471

CONTRACT

$880,O()()

THIS CONTRACT, made this 1st day of July 197~, by and between thl'
Slate of Colorado for the me and benel1t of Ih~ Department lIf 'I Natural Reg.QuJ:C..e.L
(Colorado Water conservation Board) -----
hereinafter referred to...il..Uhc Stalc,;md '2 Cache La Poudre Reservoir Company
IU~ - ~th Street, Greeley, Colo,-.,.lo 8063l
hereinafter referred to as Ihe cOlllnlctur,

WHEREAS, aUlhority exislS ill lhe L:lw and Funds have been blll.lgeled, :IPllroprialed :1IIt! otherwhe made
available :md a sufficj('nl unencumhered balance Ihereof remains aV,lilahlc for Il:lymcnt ill Fund Number 4008 ,
Gfl Account Number 57137 ,Contracl Encumbrance Number Cl "ill01 ; and

WHEREAS, required approvOlI, c1eamlll'e and coordination IHls been Olccomplished from and v.ilh approp~iate
agencies; and

WHEREAS, "3pursuant to Title 37, Article 60, Colorado Revised Statutes
1973, as amended, the State, through the Colorado Water Conservation
Board, may construct water resource projects and make the waters
available therefrom to the residents of the State of Colorado upon
conditions to be determined by the Colorado Water Conservation Board;
and

WHEREAS, the Contractor is a duly constituted and organized
irrigation company in the State of Colorado and has undertaken the
reconstruction and rehabilitation of the Timnath Reservoir in Larimer
County, a principal component of the irrigation system owned by the
Contractor, which rehabilitation and reconstruction is estimated to
cost approximately $1,765,000; and

WHEREAS, the parties hereto have jointly conducted a feasibility
investigation of said project and have found that such project is
economically feasible; and

WHEREAS, the State, through the Colorado Water Conservation Board,
has agreed to participate in the reconstruction and rehabilitation of
said project and to sell the same to the Contractor upon mutually
agreeable terms and conditions; and

WHEREAS, pursuant to Senate Bill number 35, Fifty-first General
Assembly of the State of Colorado, duly enacted by the Colorado
General Assembly and approved by the Governor of the State of Colorado,
there was appropriated to the Colorado Water Conservation Board the
sum of $880,000 for construction of the Cache La Poudre irrigation
project; and

WHEREAS, the Contractor has available from its own sources
sufficient funds to construct the remainder of the project;

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

1. The Contractor agrees that it will:

a. Cause said project to be constructed within one year of the
date of this contract in accordance with the project plans and
specifications already approved by the State, and any necessary
modification thereof prepared by it and also approved by the
state unless such time is extended by the State, or unless such
time is insufficient because of the acts of God or other acts
or failure to act beyond the control of the Contractor.

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