PROJ00350

• Contract/PO #: C153574
• Contractor Name: Longmont, City of
• Contract Type: Loan
• Water District: 5
• County: Boulder
• Bill Number: SB 88-30
• Loan Projects - Doc Type: Contract Documents

. McCall Lake Darn C)

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tiHIBIT A

-r~ 34-04-00
CO/\. .A.CT ROUTI,o,;ti l"1'MBfR

TERMINATION
CONTRACT

No Encumbrance
Terminates C-153504

THIS CONTRACT. madt' this ~3Mday of tVl/\ l~
Scale of Colorado for the use and benefir of lile Deparlmenr of " Natural
(Colorado Water Conservation Board).
hereinaher ITlelTed 10 as the State, and '2 the Ci tv of Lonqrnon t,
100 So. Sherman St., Lonqmont, CO 80501,
hereinafrer relerred 10 as the cQntractor.lContractor,

198:L . bv and between the
ResourceS

WHEREAS. aUlhority ell.isls in the law and Funds have been budgeted. appropriated and otherwise made
availllble and a sU((jcien~iAencumbered balance lbereof remains available lor pavment in Fund ,"",umber N I'A.
G/l Account Number , (olllla"r Encumbrance Number N/A ; ~nd '

.WHEREAS. required appwval. clearance and coordioatiun has b~n accomplished from ::md WiTh appropriate
IItleReles; and .

WHEREAS. th~ State and the Contractor entered into a
contract on OctOber 22, 1987. which contract shall hereinafter
be referred to as the "feasibility report contract." in which
the State agreed to pay the Contractor Four Thousand Nine
Hundred SeventY-Five Dollars ($4.975) for the purpose of
partially funding a feasibility r~port concerning the repair
and rehabilitation of McCall Lake Dam: and

WHEREAS. th~ feasibility report contract provided in part
the fOllowing t~rms:

5. In consideration of the State assuming a portion
of the cost of the preparation of the said project
feasibility report. the Contractor shall pay to the
State the sum of six Thousand Four Hundred Forty-Two
Dollars and Sixty Cents ($6,442.60) provided that
construction of the subject water project is initiated
within ten (10) years of the date of this contract.
The Contractor shall fulfill this obligation
irresp~ctive of how. or by whom. the subject water
project is financed or paid for so long as
construction is initiated within the specified time.

6. In the event the Contractor must make payment
pursuant to the terms of paragraph 5. above. then the
said Sum of Six Thousand Four Hundred Forty-Two
Dollars and Sixty Cents ($6.442.60) shall be payable
in ten (10) egual installments of Six Hundred
Forty-Four Dollars and Twenty-Six Cents ($644.20)
each. the first installment to be due and payable upon
the January 1st next succeeding the initiation of
construction on the said water project. Subsequent
payments shall be due and payable on January 1st of
each year thereafter.

WHEREAS. the State and the Contractor intend to enter into
a separate contract (hereinafter referred to as the "project
contract") in which the State will loan the Contractor money
for the purpose of repairing McCall Lake Dam; and

WHEREAS. initiation of construction to repair the MCCall
Lake Dam will create an Obligation on the part of the
Contractor to make payments under the terms. specifically
paragraph Nos. S. and 6., of the existing feasibility report
contract; and

WHEREAS. the parties agree that it would be mutually
beneficial to terminate the Contractor1s separate Four Thousand
Nine Hundrep Seventy-Five Dollars ($4.975) obligation under the
feasibility report contract provided that the repayment of the
Four Thousand Nine Hundred Seventy-Five Dollars ($4.975) (which
represents the principal amount provided by the State for the
EXHIBIT A
(ProJect Contract)
]9>-5"',",014 4 95B8E
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