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<br />".~~ <br /> <br />~ <br /> <br />w <br /> <br />~ <br /> <br />purpose of partially funding the feasibility report for the <br />McCall Lake Dam project) will be integrated with the <br />Contractor's repayment of the construction loan of the project <br />contract. which will be executed contemporaneously with and <br />immediately prior to the execution of this termination <br />contract. <br /> <br />NOW. THEREfORE it is hereby agreed that: <br /> <br />1. The feasibility report contract entered into between <br />the State and the Contractor on October 22. 1988 (attached as <br />Exhibit B and incorporated by reference herein). Contract <br />Encumbrance No. C-l53504. is hereby terminated and the <br />remaining obligations of the State and the Contractor under the <br />terms of that contract are no longer enforceable. <br /> <br />2. The Contractor agrees to the following terms for the <br />repayment of Four Thousand Nine Hundred Seventy-Five Dollars <br />($4.975) which represents the principal amount provided by the <br />State as partial financing for the feasibility report under the <br />terms of the feasibility report contract: <br /> <br />a. The Four Thousand Nine Hundred Seventy-Five Dollars <br />($4.975) referred to above will be added to that amount <br />loaned to the Contractor by the State under the project <br />contract for the repairs of the McCall Lake Dam. <br /> <br />b. The total amount described in paragraph 2.a. above <br />and interest for the full term will be repaid under the <br />terms of the project contract to be entered into <br />between the State and the Contractor. <br /> <br />3. This termination of the feasibility report contract <br />will not be effective until such time as a valid and <br />enforceable project contract containing the terms of paragrapb <br />2. above is in effect for the repair of the McCall Lake Dam. <br /> <br /> <br /> <br />Page ~ of A Pages <br /> <br />. <br /> <br />. <br />