C153438 Contract

• Contract/PO #: C153438
• Contractor Name: Beaver Park Water, Inc.
• Contract Type: Loan
• Water District: 12
• County: Fremont
• Bill Number: HB 85-1042
• Loan Projects - Doc Type: Contract Documents

Furm 6-A('.02'\

DEPAK.

CONTRACT ROUTING NUMBER
-,
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PROJECT
CONTRACT

$125,000

THIS CONTRACT, made lhis 1st day of Auqust

Slate of Coloradu fur the use and benefit of the Department of . 1
(Colorado Water Conservation Board) .

hereinafter r..ferred to as the State, and '2 Beaver Park Water
Box 286. Penrose. CO 81240.

hereinafter referred to as the contractor or the Borrower.

1985 ,by and between the
Natural Resources

Inc. .

WHEREAS, authority exists in lhe law and Funds have been budgeled, appropriated and otherwise made
available and a sufficient unencumbered balance thereof remains av~lable for )!ayment in Fund Number 400B
G/l Account Number 5304X, Contract Encumbrance Number L:I&..:::W-'~l\ and
ABL Account Number 13040, Org, Unit 77-77-777,
WHEREAS. required approval, clearance and coordination has been accomplished from and with appropriate
agencie~: and

WHEREAS, vursuant to the provisions of 37-60-119, Colorado
Revised Statutes, the State is authorized to loan money for the
construction of water projects for the benefit of the people of
the State; and

WHEREAS, the Borrower is a mutual ditch company in the
State of Colorado and wishes to repair or cause to be repaired,
its irrigation system. hereinafter called the project, for the
Beaver Park Water Inc. shareholders in Fremont County,
Colorado, at an estimated cost of Two Hundred Fifty Thousand
Dollars ($250,000), and

WHEREAS, a feasibility investigation of said project was
conducted and it was found that such a project is technically
and financially feasible; and

WHEREAS, the State has now agreed to loan money for the
construction of said project upon .mutually agreeable terms and
conditions, subject to the availability of funding for that
purpose; and

WHEREAS, pursuant to House Bill No. 1042, Fifty-Fifth
General Assembly of the State of Colorado, duly enacted into
law, the Colorado Water Conservation Board has been authorized
to loan a sum not to exceed One Hundred Twenty-Five Thousand
Dollars ($125,000) for construction of the project;

NOW THEREFORE, in consideration of the mutual and
dependent covenants herein contained, it is agreed by the
parties hereto as follows:

A. The Borrower agrees that it shall:

1. Employ an engineering firm to prepare project plans
and specifications for the project. Both the engineering firm
and the project plans and specifications must be approved by
the State before initiation of construction on the project,
including any real estate and water rights acquisitions, can
commence.

2. Contract for the construction of said project to a
responsible and capabfe firm or firms (hereinafter referred to
as Construction Firm or Firms), which Construction Firms shall,
when required by the State, be selected through competitive
public bidding. said project to be completed within two (2)
years of the date of this contract in accordance with the
project plans and specifications and any necessary modification
thereof approved by the State. The State must approve, in
writing, all contracts before they can become effective. The
above-specified time may be extended by the State if such time
is insufficient because of acts of God or other acts or
circumstances beyond the control of the Borrower.

395-53-01-1014

PaRe 1 .of ---R... pages
*(See inSlrucllunSOll reverM: Ilf last page.)

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