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<br />/ <br /> <br />Form 6-AC-02A (R .5/t51 <br />W/PB <br /> <br /> <br />$32,755 <br /> <br />r <br /> <br />FEASIBILITY REPORT <br />CONTRACT <br /> <br />THIS CONTRACT. made this 26th day of Seotemhp-T <br /> <br />~ate of Colorado for the use and bendi. of the Department of " N.=Ir.llrt=l1 <br />(Colorado Water Conservation Board) , <br /> <br />hereinafter rt'ferred 10 as the State, and '2 the Redlands Water and <br />197 Power Road, Grand Junction, CO 81503, <br /> <br />hereinafter referred to as the contractor./Contractor. <br /> <br />198 ~ . by and between the <br />Rp~nllr~pr;:: <br />I <br />Power Company, <br />I <br /> <br />WHEREAS. authority exists in the Law and Funds haye been budgeled. appropriated and otherwise made <br />available and a sufficient unencumbered balance thereof remains available for payment in Fund Number 400 B <br />G/L Account Number 5299X. Conlncr Encumbrance Number C153524: and' . <br />ABL Account No. 12990, Org, Unit 77-77-777, <br /> <br />WHEREAS. reljuired approval. dearnnl"e and coordination has b~n accomplished frqm and with appropriate <br />agencies: and <br /> <br />WHEREAS, pursuant to the provisions of section ~7-60-119, <br />Colorado Revised Statutes. as amended. the State iSI a~thorized <br />to construct certain water projects for the benefit of the <br />people of the State of Colorado; and <br /> <br />I <br />WHEREAS, the Redlands Water and Power Company has made <br />application to.the State for the improvement of its) existing <br />facility. such improvement of the facility is hereinafter <br />sometimes referred to as the project; and ' <br /> <br />WHEREAS, the Contractor is a non-profit corpora~ion within <br />the State of Colorado; <br /> <br />NOW THEREFORE, it is hereby agreed that: <br /> <br />1. The Contractor shall have a feasibility repprt prepared <br />and directed to the problem of improving the facilities of the <br />Redlands Water and Power Company in accordance ~ithl a proposal <br />for a project feasibility report prepared by the conSUlting <br />engineering firm of Western Engineers (the Consultapt) and <br />approved by the State, received June 29, 1988. whic~ proposal <br />is attached hereto as Appendix A and made a part ofl this <br />contract. <br /> <br />2. Fifteen (15) copies of the final report called for in <br />this contract shall be furnished to the State not later than <br />one hundred twenty (120) days after the date of thi~ contract, <br />unless such time is extended by mutual agreement ofl the parties <br />hereto in writing. I <br /> <br />3, As compensation for the services of the Contractor, the <br />State shall pay to the Contractor the sum of ThirtylTwO <br />Thousand Seven Hundred Fifty-Five Dollars ($32,755)~ in the <br />manner fOllowing: <br /> <br />a. Sixty percent (60\), to wit, Nineteen Thousa6d Six <br />Hundred Fifty-Three Dollars ($19,653) of the total amount <br />due in two (2) monthly installments of Nine Thopsand Eight <br />Hundred Twenty-Six Dollars an Fifty Cents ($9,B~6.50) each, <br />commencing thirty (30) days after the date of this contract. <br />I <br /> <br />b. The remaining forty percent (40\), to wit, ~hirteen <br />Thousand One Hundred Two Dollars ($13,102) with;in forty <br />(40) days following receipt and acceptance of the written <br />report specified in paragraph 2. of this contrapt. <br /> <br />4. The total cost of services to be rendered for the <br />Contractor by the Consultant is Sixty-Five Thousandl Five . <br />Hundred Ten Dollars ($65,510) and the Contractor shall pay the <br />sum of Thirty-Two Thousand Seven Hundred Fifty-Five: Dollars <br />($32,755) as agreed to by letter dated September 23~ 1988, <br /> <br />395-:53-0-r10'14 <br /> <br />Page I of -L pai!.~S <br /> <br />7630E <br />