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<br />it completes repayment to the State in at least the fOllowing <br />amounts: <br /> <br />a. For any injury to one person in any single <br />occurrence. the sum of Five Hundred Thousand Dollars <br />($500.000). <br /> <br />b. For any injury to two or more persons in any <br />single occurrence, the sum of One Million Dollars <br />($1.000.000). <br /> <br />Said liability insurance shall name the State as a <br />co-insured. A copy of a certificate of said liability <br />insurance must be filed with the Colorado Water <br />Conservation Board prior to the start of the operation <br />of the project system. <br /> <br />8. Make the services of said project available within its <br />capacity to all persons in the Contractor's service area <br />without discrimination as to race, color. religion. or natural <br />origin at reasonable charges (including assessments, taxes. or <br />fees). whether for one or more classes of service, in <br />accordance with a schedule of such charges formally adopted by <br />the Contractor through its Board of Directors. as may be <br />modified from time to time. The initial rate schedule must be <br />approved by the State. Thereafter. the Contractor may. SUbject <br />to the approval of the State. make such modifications to the <br />rate schedule as the Contractor deems necessary to efficiently <br />and economically provide for the financial requirements of the <br />system as long as the rate schedule remains reasonable and <br />non-discriminatory. <br /> <br />9. Adjust its operating costs and service charges from <br />time to time to provide for adequate operation and maintenance. <br />emergency repair services. obsolescence reserves, and debt <br />reserves. <br /> <br />10. Provide the State with such periOdic reports as the <br />State may require and permit periOdic inspections of its <br />operations and accounts by a designated representative of the <br />State. <br /> <br />11. Repay to the State the total principal sum of Two <br />Hundred Thirty-Five Tbousand Four Hundred Fifty-One Dollars and <br />Twenty Cents ($235.451.20). which includes the project loan <br />amount and interest at the rate of five percent (5%) per <br />annum. said repayment to be made in constant annual <br />installments of Five Thousand Eight Hundred Eighty-Six Dollars <br />and Twenty-Eigbt Cents ($5.886.28) eacb. for forty (40) years. <br />as shown in Exhibit A. attached hereto and incorporated by - <br />reference herein. which first installment shall be due and <br />payable on the first day of the month next succeeding the month <br />in which the State determines that the project has been <br />SUbstantially completed. and yearly thereafter until the entire <br />principal sum shall have been paid. However, in the event the <br />Contractor does not draw funds commencing on the date specified <br />in paragraph C.l.a. below. the Obligation to repay shall be <br />postponed for the same number of months as the Contractor <br />delays in drawing funds. Said installment payments sball be <br />made payable to the Colorado Water Conservation Board. payable <br />at the offices of said Board in Denver. Colorado. The <br />Contractor pledges its full faith and credit in support of this <br />Obligation and warrants that it has taken all steps necessary <br />to pledge its full faith and credit for this Obligation. <br /> <br />12. Obtain and maintain general fire and hazard insurance <br />on the project in an amount not less than the outstanding <br />amount of the loan made by the State to the Contractor until the <br />Contractor has repaid the loan in the full under the terms of <br />paragraph A.II. above. The State shall be the sole insured of <br /> <br />Page 1 of 1 Pages <br />