PROJ00372 - Laserfiche WebLink

Home Browse Search

its aqents and employees, is hereby designated as the agent at the State for the purposes of this contract.' 8. Purchase from the state all of the Statels right, title, and interest in said project and any facilities thereof at a total purchase price of __~~~_[~u~t~g_~igh!~~~1~E1_~E2~~2Ej_~J~__~~~~~~~_~~~~~~~_1~~~~~600; payable in annual installments of ES~~~=E~~~_~~~~_~~~~J_~_t~~~_~~~~~~~__ _Ul~L~iL__________________ each, which first installmen~ shall be due and payable on _t~Q~~ALX_l~_Jjj~____, and yearly thereafter until the enti~e principal sum shall have been paid. S~id annual installment payment shall be made payable to the Division of Disaster Emergency services in the offices of said Services in Golden, Colorado. Such payments, wi.ll ...utomatical~y be credited back to the Colorado Water Conservation Board Construction Fund.-mu ~_. .. .-. ",- .. -.. B. Upon default in the payments herei~ set forth to be made by the Contractor, or in the performance of any covenant or agreement contained herein, the State, at its option, may {al declare the entire principal amount then outstanding immediatelY due and payable; (b) for the account of the Contractor incur and pay reasonable e~pen- ses for repair, maintenance, and operation of the water system herein described and such other reAsoriable expenses as may be necessary to cure the cause of default; and/or (c) take possession of the system, repair, maintain, and operate o~ lease it. The provisions of this contract may be enforced by the State, at its option without regard to prior waivers by it of previous defaults by the Contractor throuqh judicial proceedings to require specific performance of this contract or by such other proceedings in law or equity as may be deemed necessary by the State to insure compliance with provisions of this contract and the laws and regulations under which this contract is made. c. The State agrees that it will: 1. Make available to the Contractor for the purpose of thi~ .contract the sum of _Qn~_H~n~~~~~_3~J~_~~_~L~~~_L~lQ~~QQQl____________- 5 aid _Q.[l~_liJ,Uld..t.i:i1_.ti~_.:r.bn II IHUl d DQ] 1 a U; _LUQ.2..,..Q.O"Q.L______________ s h a 11 be made available to the Contractor in accordance with the following terms, schedule and conditions. (a) 8eginning with the monthly period commencing _Eeb~ua~~_~.__ __~~&4______ and for every month thereafter until the proJect has been completed, the Contra~tor shall prepare an estimate of the funds required from the State tor project construction during that month and shall forward said estimates to the State not less than fifteen (15) days prior to the beginning of such month. (b) Upon receipt and approval by the State of such monthly estimate, the State will, within forty (40) days from the receipt of such estimate. pay over to the Contractor the amount of the monthly estimate or such portion thereof as has been approved by the State. 2. Assist the Contractor in ~uch technical assistance as the State deems appropriate in constructing And operating the project and in coordinating the project with local official comprehensive plans and with any state or area plans for the(area in which the project is located. D. ~pon completion of the payment of ~he full purcha~e pric~ to ~he_State 6( In the sum of .o.ne Hllnilrpil ~-:..E.i..a..b..t.-X.h.a.\LS..a.D..d._S.i2"-lillna.t:.e.jj.:..D.Qll.a..r.s....Lj188, as set torth in paragraph A.B. of this contract, to convey to the Contractor all of the State's right, title, and interest in and to the project by deed or other conveiance. E. In its sole discretion, the State may at any time give any consent, deferment, subordination, release, 'satisfaction, or termination of any or all of the Contractor's obligation under this agreement, with or without valuable consideration, uPQn such terms and conditions as the State may determine to be (al advisable to further the purposes of this contract or to protect the State's financial interest therein, and (b) consistent with both the statutory purposes of this contract and the limitations at the statutory authority under which it is made. Page _1_ of _2_ pages