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<br />EXHIBIT I
<br />
<br />I ;;'~'" ~~~~?ft\i~:o~, ""'i"_~~~j
<br />
<br />$581,530
<br />
<br />U)NTI<Al'T
<br />
<br />TillS ('()N"I'H'\('T, 1I,~"ll' Illi,_~15_~~~tla\' Ill'_____~.J1~.Y_________.,____ Jl)7Q, hY ;lllll hclwl'l'l1 IIII'
<br />Sr,.h' IIf Clllur:ltlll for Ill\' ll'l' :ll1d I1t'II:;"il of IIH'"I>,'P:lrlllll'llI Ilf '\ --.1ilatural,~Rcs-our'ce.~
<br />-,Colorado _Hater ..,Conservation_..Board) _,__.._,__~".._,
<br />hnl'iu;lrtl'l" ldl'n,.d 1l1:l' 1111' S';II,', :Illd '7 _the___T:qwn,...9f.. Rang~].."y.)~__..________._._._
<br />_!'..'_' O.__Box, 5sQ,_Rangely, Col_(),r,i1dQ.Jl.1,6L,_8._____,
<br />h"H'in:lfkr rch'rrc\llu :l~ the I"UIII.-:!,'l"r.
<br />
<br />, ,
<br />\\'IIEREAS. 1I11Ih"I'ity l'\j'h ill till' I.:I\\" :lIItl FUlHb ha\'c hn'lI hllllgl'lcII. :tpl'ropriall'd :lIltl othcrwisc lllade
<br />:l\'ail:.hk :mll .. sun-kil'll! 1I1ll'1Il"ull1llt'II'11 11:ll:U1\'" thereof t','m:lin\ :I\';Iilahk for \JaytlWIlI ill FuuJ Numher 4008_.
<br />G/L An'oulI[ NUlIlhl'r-3..2..QL7. ('lll1lral't 1:1ll'lllllhr,lIH'C' Nl11l1h...r 153039 : amI
<br />
<br />WIIEREAS. rC11llirn] :I]lpm\';!!. t1~.:Ir;lIKC alltl enunlin:lli(11l has he...n acculllpti\hcd hum aud with al1Propri:llc
<br />:lJ.:{,I1l"k",; OIl1d
<br />
<br />\\'IIERL\5. .J pursuant to Title 37, Article 60, Colorado Revised
<br />Statutes 1973, as amended, the State, through the Colorado Water
<br />Conservation Board, may construct water resource projects and make
<br />the waters available therefrom to the residents of the State of
<br />Colorado upon conditions to be determined by the Colorado Hater
<br />Conservation Board; and
<br />
<br />WHEREAS, the Contractor is a duly constituted incorporated town
<br />of the State of Colorado and wishes to undertake construction of a
<br />domestic water system, hereinafter called the project, for the
<br />Rangely community in Rio Blanco County~ Colorado, at an estimated
<br />cost of Six Hundred ,Thousand Dollars (,600,000); and ,
<br />
<br />WHEREAS, the parties hereto have jointly conducted a feasibility
<br />. investigation of said project and have found that such a project is
<br />'economically feasible; and
<br />
<br />WHEREAS, the State, through the Colorado Water Conservation Board,
<br />has agreed to construct a portion of said project and sell the same
<br />to the Contractor upon mutually agreeable terms and conditions, subject
<br />to the approval of appropriations for that purpose by the Colorado
<br />General Assembly and the Governor of the State of Colorado; and
<br />
<br />HHEREAS, pursuant to Senate Bill No, 468, Fiftieth General
<br />Assembly, of the State of Colorado, duly enacted by the Colorado General
<br />Assembly and approved by the Governor of the State of Colorado, there
<br />was appropriated to th~ Colorado Hater Conservation Board the sum of
<br />Six Hundred Thousand Dollars ($600,000) for construction of the
<br />Rangely project;
<br />
<br />, NOH THEREFORE, in consideration of the mutual and dependent
<br />covenants herein conta~ned, it is agreed by the parties hereto as
<br />follows:
<br />
<br />A. Contractor agrees that it will:
<br />
<br />1. Cause said project to be constructed within two years of t~e
<br />date of this contrqct in accordance with the project plans and
<br />specifications and any necessary modifications thereof prepared.
<br />by it as approved by the State, unless such time is extended by
<br />the State, or unle~s such time is insufficient because of acts of
<br />God or other acts ~r failure to act beyond the control of the
<br />Contractor.
<br />
<br />2. Convey or caus~ title to be conveyed by deed or other proper
<br />conveyance to the Colorado Water Conservation Board, Department
<br />of Natural Resourc<as, State of Colorado, the following portions
<br />of the proposed project facilities:
<br />
<br />a. A 1,500 gpm capacity raw water pump station with all
<br />necessary fittings, valves, and other related appurtenances.
<br />
<br />EXHIBIT I
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<br />POI!!\,' I ur ~ p:l!!C~
<br />*{Scc in~lrnl"liol\s UlllCVCliW uf IJ~1 page.l
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