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<br />. ',' <br /> <br />, , <br /> <br />integrated with the Contractor's repayment of the construction loan <br />of the project contract, which will be executed contemporaneously <br />with and immediately prior to the execution of this termination <br />contract. <br /> <br />NOW, THEREFORE it is hereby agreed that: <br /> <br />1. The feasibility report contract entered into between the <br />state and the Contractor on October 24, 1990, (attached as Exhibit <br />B and incorporated by reference herein), Contract Encumbrance ~o. <br />C-153585, is hereby terminated and the remaining obligations of the <br />state and the Contractor under the terms of that contract are no <br />longer enforceable. <br /> <br />2. The Contractor agrees to the following terms for the <br />repayment of Nine Thousand Dollars ($9,000), which represents the <br />principal amount provided by the state as partial financing for the <br />feasibility report under the terms of the feasibility report <br />contract: <br /> <br />a. The Nine Thousand Dollars ($9,000) referred to above <br />will be added to that amount loaned to the Contractor by <br />the state under the project contract for the <br />rehabilitation of the Douglas Dam facilities <br /> <br />b. The total amount described in paragraph 2.a. above <br />and interest for the full term will be repaid under the <br />terms of the project contract to be entered into between <br />the state and the Contractor. <br /> <br />3. This termination of the feasibility report contract will <br />not be effective until such time as a valid and enforceable project <br />contract containing the terms of paragraph 2. above is in effect <br />for the rehabilitation of the Douglas Dam facilities by the <br />Contractor, <br /> <br /> <br />Page A of ~ pages <br />