Laserfiche WebLink
<br />NOW. THEREFORE. in consideration of the mutual and <br />dependent covenants herein contained. it is agreed by the <br />parties hereto as follows: <br /> <br />A. The Contractor agrees that it shall: <br /> <br />1. Employ an engineering firm to prepare project plans and <br />specifications for the project. Both the engineering firm and <br />the- project plans and specifications must be approved by the <br />State before initiation of construction on the project. <br />including any real estate and water rights acquisitions. can <br />commence. <br /> <br />2. Contract for the construction of said project to a <br />responsible and capable firm or firms (hereinafter referred to <br />as Construction Pirm or Firms). which Construction Firms shall. <br />when required by the State. be selected through competitive <br />pUblic bidding. said project to be completed within two <br />(2) years of the date of this contract in accordance with the <br />project plans and specifications and any necessary modification <br />thereof approved by the State. The State must approve. in <br />writing. "all contracts before they can become effective. The <br />above-specified time may be extended by the State if such time <br />is insufficient because of acts of God or other acts or <br />circumstances beyond the control of the Contractor. <br /> <br />3. Require all Construction Firms and their subcontractors <br />to indemnify the State and the Contractor against all liability <br />and loss. and against all claims and actions based upon or <br />arising out of damage or injury. inclUding death. to persons or <br />property caused by or sustained in connection with the <br />performance of any contract or by conditions created thereby, <br />or based upon any violation of any statute. ordinance. or <br />regulation. and the defense of any such claims or actions. <br /> <br />4. Require all Construction Firms and their subcontractors <br />to maintain the following: <br /> <br />a. Workmen.s compensation and employers. liability <br />insurance. <br /> <br />b~ Automobile liability insurance for all vehicles. <br /> <br />c. Comprehensive general liability insurance in at <br />least the following amounts: <br /> <br />(1) For any injury to one person in any single <br />occurrence. the sum of Five Hundred Thousand <br />Dollars ($500,000), <br /> <br />{2} 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 Contractor and <br />the State as co-insureds. No payments shall be made <br />under this contract unless a copy of a certificate of <br />said liability insurance has been filed with the <br />Colorado Water Conservation Board. <br /> <br />5. Execute a warranty deed which shall convey the <br />following real property to the Board as security for the loan: <br /> <br />An undivided fifty percent (50\) of the fOllowing:- <br /> <br />a. Seven turnouts which include: <br /> <br />(1) One 15-inch slide gate <br />(2) One 21-inch slide gate <br /> <br />Page 2 of B Pages <br />