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<br />which is hereby attached and made a part of this contract as <br />Appendix B: and in no event shall this payment be the <br />liability of the State of Colorado. <br /> <br />5. In consideration of the State assuming a pOirtion of the <br />. cost of the preparation of the said project feasib~lity report. <br />the Contractor shall pay to the State the sum of Fotty-Two <br />Thousand Four Hundred Seventeen Dollars and sevent~ Cents <br />($42.417.70~provided that construction of the subject water <br />project is initiated within ten (10) years of the akte of this <br />contract. The Contractor shall fulfill this obliga~ion <br />irrespective of how or by whom or to what specificafions or <br />plans the~subject project is financed. paid. or constructed for <br />so long as construction of the project is initiatedl within the <br />specified time. I <br />* principal plus accrued interest <br /> <br />6. In the event the Contractor must make paymeht pursuant <br />to the terms of, paragraph 5. above. then the said sum of <br />Forty-Two Thousand Four Hundred Seventeen Dollars ahd Seventy <br />Cents ($42,417,70) shall be payable in ten (10) egual yearly <br />installments of Four Thousand Two Hundred Fort y-one] Do1lars and <br />Seventy-Seven Cents ($4.241.77) each. the first in5~allment to <br />be due and payable upon the January 1st next succee~ing the <br />initiation of construction on the said water projecf. <br />Subseguent payments shall be due and payable on Jan~ary 1st of <br />each year thereafter. ' <br /> <br />, <br />7. This contract is personal in nature and assignment of <br />performance by the Contractor to another is prohibited unless <br />prior approval in writing is granted by the State. i <br /> <br />8. The Contractor is an independent contractor land as such <br />is Dot entitled to any benefits of the State person~el system. <br />, <br /> <br />9. The original contract price stated in paragnaph 4. and <br />any additions thereto shall be adjusted to exclude any <br />significant sums by which the State determines the contract <br />price increased due to inaccurate. incomplete. or ndncurrent <br />wage rates and other factual unit costs. All such dontract <br />adjustments shall be made within one (1) year following the end <br />of the contract. \ <br /> <br />10. The Contractor warrants that he has not emp1loyed or <br />retained any company or person. other than a bona fi~e employee <br />working solely for him. to solicit or secure this contract and <br />that he has not paid or agreed to pay any person, co~pany, <br />corporation. individual. or firm. other than a bona fide <br />employee working SOlely for him. any fee. commissionl. <br />percentage. giftt or other consideration contingent upon or <br />resulting from the award or the making of this contract. <br />, <br /> <br />11. All notices. correspondence. or other docum~nts <br />required by this contract shall be delivered or mailed to the <br />following addresses: 1 <br /> <br />a. For the State <br /> <br />b. For the Conttactor <br /> <br />Redlands Water and Power <br />Company \ <br />197 Power Road <br />Grand Junction, CO 81503 <br />Attn: Robert L. ]sutton <br />President <br /> <br />Mr, J. William McDonald, Director <br />Colorado Water Conservation Board <br />721 State Centennial Building <br />1313_ Sherman Street <br />Denver, CO 80203 <br />Attn: Nick. Ioannides <br /> <br />Page ~ of ~ pages <br />